Buhari Says U.S. Will Help Trace Nigeria’s Stolen Oil Funds

Nigerian President Muhammadu Buhari said the U.S. will help trace and recover funds from the sale of about 250,000 barrels of oil that are stolen each day in Africa’s biggest producer of the commodity.

The U.S. and other developed nations are helping identify accounts where money has been deposited and Nigeria will prosecute the suspects, Buhari told an audience of Nigerians in Washington on Tuesday, according to a statement from his office on Wednesday. Some former ministers sold as much as 1 million barrels a day, he said.