National

Big Wahala: Senate Don Start Investigation On $300bn Crude Oil Loss

todayNovember 6, 2025 8

Background
share close

Di Nigerian Senate don receive interim report from dia Ad Hoc Committee wey dey investigate crude oil theft for Niger Delta, and di matter don show say di country don lose more than $300bn oil money wey nobody fit account for. Di committee wey Senator Ned Nwoko (Delta North) dey head, talk say dem uncover plenty wahala like poor measurement system, weak enforcement, and collabo between oil workers and thieves wey don make Nigeria fail to meet OPEC oil quota. Nwoko yarn say di report wey reach about 40 pages don carry plenty findings and reforms wey fit stop di stealing wey don dey scatter di petroleum sector.

Inside di Senate chamber, wahala bust as Senators begin debate di recovery plan. Senator Abdul Ningi hail di report but talk say di Senate no get power to recover stolen money, na work for EFCC and ICPC be that. Other Senators like Solomon Adeola, Ibrahim Dankwambo, and Enyinnaya Abaribe join mouth say di final report suppose name di companies, actors, and illegal refineries wey dey behind di $300bn oil loss. Senate President Godswill Akpabio call di loss “staggering” and hail di committee work, but remind dem say Senate fit only “track and trace”, no be recover. Di Senate don finally order di committee make dem continue di probe and come back with di final report as crude oil theft still dey kill Nigeria revenue, chase away oil companies, and weaken di naira every day.

Written by: News Editor 1

Rate it

WHO WE ARE

We no be just radio, we be your guy, your gist partner, your street connect! With compassion, community, and comedy, we bring you vibes wey go make sense.

We dey kind for heart, on-time with the gist, near to the people, family by nature, always available, and plenty more!

Anywhere you dey, anytime, Konfam dey for you!

 

listen with your app