Nigerian businessman Tony Elumelu urges transparency on oil theft, linking it to international oil divestment and OPEC production quota challenges.

Nigerian businessman Tony Elumelu has called for the Nigerian government and security agencies to disclose those involved in crude oil theft, particularly using vessels in its territorial waters. Elumelu, founder of Heirs Holdings, highlights that such thefts have led to the divestment of international oil companies in Nigeria, making it difficult for the country to meet its OPEC production quota. He emphasizes the need to hold leaders accountable for addressing this issue.

August 10, 2024
3 Articles