Lagos - Nigeria Extractive Industry Transparency Initiative (NEITI) has revealed that a total of 222 437 870 barrels of crude oil was unaccounted for by the Nigerian government in the period between 2004 and 2014.
The inability to account for these volumes of crude oil may have denied Nigeria a total sum of $22.04 billion in revenue during this period, reports BusinessDay.
Zanaib Ahmed, the NEITI executive secretary, said the Department of Petroleum Resources (DPR) and oil companies have been given different production figures for the same period under review.
Read more at BusinessDay.
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