* Billions of dollars in Nigerian oil stolen each year
* Stolen oil is sold on international markets
* One part of complex criminal web
* Money from theft laundered in global financial centres
Reuters – Thu, 19 Sep 2013 09:00 PM
By Joe Brock
ABUJA, Sept 19 (Reuters) – Stolen Nigerian oil worth billions of dollars is sold every year on international markets and much of the proceeds are laundered in world financial centres like Britain and the United States, a report said on Thursday.
An estimated 100,000 barrels per day (bpd) of oil was stolen from pipelines in the Niger Delta in the first quarter of this year, the report by London-based Chatham House said, not including the unknown quantities stolen from export terminals.