The Nigerian Senate has revealed that $303 billion from proceeds of stolen crude oil transactions remains unaccounted for over the years.
According to an interim report by Senator Ned Nwoko, Chairman of the Senate Ad-hoc Committee on Crude Oil Theft, a forensic review by consultants showed that $22 billion, $81 billion, and $200 billion were missing from separate transaction records.
The committee vowed to ensure accountability and recover the funds to boost Nigeria’s struggling economy.