Abubakar Yar’Adua, head of Nigeria’s national oil company, Nigerian National Petroleum Corporation, admitted to paying rebel militants up to $6 million a month to protect the oil infrastructure from sabotage.
Shortly after making the comments to a national assembly committee Yar’Adua said he had been misunderstood but it has been a long-standing belief that the NNPC had paid rebels to protect against attacks on pipelines.
Yar’Adua was quoted as saying, “we paid militants $12 million because we were losing $81 million to the problem of the Charnomi pipeline in Delta State.”
Militants have targeted the NNPC pipelines in the Niger Delta as a means of forcing payments. More than a quarter of the NNPC’s production has been lost due to sabotage.
For more World News please go to:
http://news.yourfindit.com/NewsList.aspx?cat=11&wcat=1
About YourFindit
YourFindit Community is a social, music and business networking community. It caters to individuals providing them with a wealth of tools that enable them to create their own web site within YourFindit and display their content. Members can create free profiles that include an About Me, Background and Lifestyle, Videos, Music, Blogs, Photos, their unique URL and network with other members inside the community. YourFindit provides each member the opportunity to reserve an exclusive profile displaying only ads they upload on their pages. Members have the right to sell their ad space to advertisers.
To create your YourFindit profile sign up and within minutes you too can have your People profile running your ads and building your network with new members daily.
YourFindit profile where Your space is really Your Space
Join the brand-new social networking community, YourFindit, and create your profile