A Review of the Nigerian Energy Industry

We’ve found banks with stolen oil money – Buhari

President Mohammadu Buhari.
President Mohammadu Buhari.

04 August 2015, Abuja – President Muhammadu Buhari, yesterday, in Abuja said that his administration has identified banks, financial institutions and countries in which payments for stolen Nigerian crude oil have been deposited.

Speaking at an audience with visiting United States Congressmen, President Buhari acknowledged the support and cooperation his administration was getting from the international community in gathering required intelligence for tracing and recovering stolen national resources.

The President, according to a statement signed by his Special Adviser on Media and Publicity, Mr Femi Adesina, told the Congressmen led by Rep. Darrel Issa: “We are getting cooperation from the international community, including information on ships that take crude oil from Nigeria and change direction, or pour their contents into other ships mid-stream. Some monies were paid to individual accounts. We are identifying the financial institutions and countries that are involved. I have been assured that when we get all our documents together, the United States and other countries will treat our case with sympathy.”
*Gabriel Omoh & Levinus Nwabughiogu – Vanguard

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