Senator Bukola Saraki, former governor of Kwara State has revealed that the Nigeria loses daily, an estimated 100,000 barrels worth about 100 dollars per barrel to oil theft.

He emphasized that there is need to identify and cut off the organized (international) network of oil thieves, stressing that the ugly scene affects the nation economy in the sense that it causes pollution in the Niger-Delta and the perpetrators utilizes the funds in promoting domestic and international terrorism.

In his words, “National Assembly might have its shortcoming but you can be rest assured that oil theft and fuel subsidy will be brought before the Federal Government. Our NASS has continually exposed fuel subsidy and the Federal government has acknowledged saving 1.7 trillion from actions taken on it.”

“Together we must demand that the Federal Government bring those responsible for the abuse of fuel subsidy scheme to face the law,” Saraki stated.