President Muhammadu Buhari, who had thought that he had seen the worst of how corrupt practices have in the last few years brought Nigeria to her knees, last week, almost lost his cool when it was brought to his attention that a whopping $16billion – at the official exchange rate of N196, this comes to N3.136 trillion; while, with the parallel market rate of N315, it comes to a whopping N5.04trillion – of the nation’s crude oil revenue loss could be traced to some sharp practices by some individuals in Nigeria’s oil and gas sector.
The quantum of funds in question are revenue that ought to have accrued to Federal Government...
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