If you are looking for those stealing Nigeria’s oil, then search no more, the Chairman of Heir Holdings, Tony Elumelu, has said the federal government knows those behind crude oil theft in Nigeria.

According to Tony Elumelu, oil theft is a coordinated crime.

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Tony Elumelu

He argued that crude oil thieves operate using vessels.

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To him, these vessels cannot carry out successful operations without the knowledge of security agencies.

Elumelu spoke during an interview with Financial Times.

He said his first attempt to invest in the oil and gas industry was thwarted by former president, Muhammadu Buhari, and his former chief of staff, late Abba Kyari, in 2017.

He said his company lost about 95 percent of its crude to oil theft in 2022.

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In his words: “This is oil theft, we’re not talking about stealing a bottle of Coke you can put in your pocket. The government should know, they should tell us.

“Look at America — Donald Trump was shot at and quickly they knew the background of who shot him. Our security agencies should tell us who is stealing our oil. You bring vessels to our territorial waters and we don’t know?” Elumelu said.

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