Nigeria has lost about N60 billion ($299 million) to pipeline vandalism in the last one year, according to figures released yesterday by the Nigerian National Petroleum Corporation (NNPC). NNPC, in a bulletin, said the revenue loss accrued from 3,700 cases of pipeline vandalism recorded during the period.The reported loss came just as the Federal Inland Revenue Service (FIRS) told the Senate that the agency collected for the nation’s treasury N1.84 trillion between January and June 2015.
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