FG must recover $12.7bn for oil stolen from Nigeria under previous govt – Falana

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Lagos lawyer and rights activist, Femi Falana SAN, has said that former President, Goodluck Jonathan was presiding over the country when $12.7 billion worth of crude oil was stolen from Nigeria.

While speaking at the 40th-anniversary celebration of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, in Abuja, on Thursday, the Human right lawyer said 60.2 million barrels of oil was stolen from Nigeria.

Falana stated that the crude oil was stolen and discharged at a port in Philadelphia, US, adding that the Nigerian Maritime Administration and Safety Agency, NIMASA, has records of the theft.

He consequently urged PENGASSAN to prevail on the government to trace the funds.

Falana said, “The study revealed that the value of the money from oil stolen from Nigeria is $12.7 billion. The oil was discharged in one port.

“We have identified who the oil majors are and the shipping companies involved, but since 2014, we have been begging the Nigeria government to recover the money.”

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