Former Nigerian Ambassador to Brazil, Dr. Patrick Dele Cole has revealed that the main buyers of the estimated 180,000 barrels of crude oil stolen each day in Nigeria are based in the Balkans and Singapore.
Cole is currently spearheading a campaign titled: “Stop The Theft” to end the practice. The campaign is seeking to have ships tracked by satellite and for the money trail to be exposed. He said that about 10 per cent of the snatched oil was being refined locally by gangs operating in the delta’s creeks and swamps. The rest is mainly going to criminal networks in Ukraine, Serbia and Bulgaria, or to Singapore, which is the world’s top refiner.