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Nigeria, Angola fight costly battle against fuel smugglers
Nigerian National Petroleum Corporation (NNPC) has found itself caught in a Catch-22 situation. Ordered by the government to build up major stockpiles of gasoline ahead of the holiday season and February’s elections, it knows its accelerated imports will stoke the illicit trade in informal exports. Smugglers fill large jerry cans at service stations near border posts and load up their mopeds, motorbikes and cars to cross into countries where they can sell the product at higher prices.
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