{"id":78470,"date":"2021-02-17T01:25:54","date_gmt":"2021-02-17T00:25:54","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=78470"},"modified":"2021-02-17T03:27:33","modified_gmt":"2021-02-17T02:27:33","slug":"how-shell-stole-over-6-5billion-worth-of-crude-buhari-wants-immediate-recovery-prosecution","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/how-shell-stole-over-6-5billion-worth-of-crude-buhari-wants-immediate-recovery-prosecution\/","title":{"rendered":"How Shell Stole Over $140Million Worth of Crude, Buhari Wants Immediate Recovery, Prosecution"},"content":{"rendered":"
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Dutch oil Giant, Royal Dutch Shell, allegedly stole over 2,081,678 barrels of Bonny Light Crude worth over $140million between 2016 to 2018 and emasculated indigenous oil firms in Nigeria, documents seen by Pointblanknews.com<\/a> have revealed.<\/div>\n<\/div>\n

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This is even as President Mohammadu Buhari is said to have directed officials of the Department of Petroleum Resources, a Department under the Ministry of Petroleum Resources, to ensure that every stolen crude by Shell is investigated and recovered all stolen crude.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Irked by the amount of oil stolen from the Niger Delta, the House of Representatives Adhoc Committee on Oil Theft, recently, took the DPR upon the 329,420,319 barrels of crude oil alleged to be missing, wondering why\u00a0the DPR could not account for the crude valued at over $20 billion
\nbetween 2005 and 2012.<\/div>\n

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Sources familiar with the theft of the crude by Shell told Pointblanknews.com<\/a>\u00a0that the Dutch Oil Giant had stolen the crude from the\u00a0Trans Niger Pipeline.<\/p>\n

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\nPointblanknews.com<\/a> investigations revealed that officials of DPR had become\u00a0suspicious with the way and manner Shell was reporting the
\nquantity of crude lifted and immediately ordered investigations into the metering\u00a0system on the Trans Niger Pipeline, TNP.<\/div>\n
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\nAccording to sources, a former Managing Director of Shell had denied any wrongdoing and even threatened claiming that the Dutch Oil giant did no wrong.
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\nDespite Shells denials, sources told Pointblanknews.com<\/a> that DPR officials were bent on getting to the root of the matter as the continued\u00a0investigations.
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\nPointblanknews.com<\/a> gathered that once DPR officials were through with the investigations, they unearthed how Shell stole 2,081,678 barrels ofBonny light crude between 2016 and 2018.
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\nSources hinted that when Shell was confronted, they could not deny the theft\u00a0but pledged to return the stolen crude and pay penalties.Nigeria has lost more than 505 million barrels of crude, and 4.2 billion litres of products, from 2009 to 2018, according to NEITI.
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\nThe cost to the\u00a0country comes to $40.06bn and $1.84bn respectively, equivalent to $11.47mn per day for 10 years.
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\nOnly recently, Britain\u2019s Supreme Court said that a group of about 50,000 Nigerian farmers and fishermen could bring a case in London\u2019s High Court against Royal Dutch Shell over years of oil spills in the Niger Delta that\u00a0have polluted their land, wells, and waterways.
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\nThe judges said there was the potential that a parent company like Shell, which has its headquarters in the Netherlands but a large British presence, has responsibility for the activities of subsidiaries like the Shell Petroleum Development Company of Nigeria, which operates in the delta\u00a0region.<\/p>\n<\/div>\n<\/div>\n
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Dutch oil Giant, Royal Dutch Shell, allegedly stole over 2,081,678 barrels of Bonny Light Crude worth over $140million between 2016 to 2018 and emasculated indigenous oil firms in Nigeria, documents…<\/p>\n","protected":false},"author":1,"featured_media":78476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-78470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"\nHow Shell Stole Over $140Million Worth of Crude, Buhari Wants Immediate Recovery, Prosecution - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/exclusive\/how-shell-stole-over-6-5billion-worth-of-crude-buhari-wants-immediate-recovery-prosecution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Shell Stole Over $140Million Worth of Crude, Buhari Wants Immediate Recovery, Prosecution - 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