Human rights activist  and Lagos lawyer, Mr. Femi Falana, SAN, yesterday, eclared that $12.7 billion worth of crude oil was  allegedly stolen from Nigeria between 2011 and 2014, even as he called on the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, to prevail on the anti-corruption agencies to institute a probe to trace the funds and determine the culprits.

Speaking at the 40th Anniversary Celebration of PENGASSAN in Abuja, Falana also called for the immediate recovery from oil companies, royalties accruable to the Federation Account since 2014, stating that the Offshore and Inland Sharing Contract Act that provided that for 50 years no royalty would be collected from oil and gas mined from below 1,000 meters depth had expired in 2014.