Former President Olusegun Obasanjo says over 80 per cent of Nigeria’s crude oil were stolen annually. Obasanjo stated this in Abuja at the launching of a book writer by Dr. Umar Ardo titled, ‘Court and Politics,’. According to the former president, one of the reasons why Nigeria’s economy is in ruins is that while other oil-producing countries have records of their oil production, Nigeria cannot account for hers due to theft. Obasanjo, who was represented by a former governor of Niger State, Babangida Aliyu, said crude oil theft is one of reasons the Nigerian economy would be in ruins. The former president said “while the crude oil quota is about two million barrels per day, over 1.7 million are stolen”