Oil Theft

Who Is Behind The Oil Theft In Nigeria?

November 14, 2022 2:29 am

Nigeria, as presently constituted, qualifies to be named a crime scene. From state-sanctioned insecurity to massive corruption, down to outright abuse of state power. It appears as though Nigeria is fast becoming a banana republic of some sort. With every passing day, a new development occurs, cementing the notion that Nigeria is a criminal state where only crime and criminality thrive.

The anomalies are endless and the situation is rotten and sour.

With no big shot at redemption, Nigeria has continued to crumble, and may very soon become irredeemable.

Ironically, it took recent revelations about the grand schemes of oil …

Oil Theft: Obi Calls On Petroleum Sector Managers To Resign

October 13, 2022 5:53 am

Amidst the ongoing controversies around oil theft, the Presidential candidate of the Labour Party (LP), Mr. Peter Obi, had called for the resignation of top managers of the petroleum sector over reported large-scale crude oil theft in the Niger Delta.

The former Anambra State governor made this known yesterday while speaking at the 52nd annual Institute of Chartered Accountants of Nigeria (ICAN) conference in Lagos, yesterdays, on the topic, ‘Accounting As A Requisite For Sustainable Governance,’ according to him, it was expected that the hierarchy of Nigeria’s oil management bureaucracy would immediately quit after the discovery of the oil …

Oil Theft: 58 Illegal Oil Points Found So Far – Tompolo

October 10, 2022 4:26 am

About 58 illegal oil points have been discovered so far since the operation to end oil theft on the waterways of Delta and Bayelsa states began.

Government Ekpemupolo also known as Tompolo who is an ex-militant leader made this known in a press briefing at Oporoza on Sunday which was monitored by Africa Daily News, New York.

He provided an update on the recent discovery of a 4km illegal crude oil pipeline in the Forcados area of Delta State.

‘I think we have found over 58 points that have been tapped in both Delta and Bayelsa states,’ he noted.

According …

How Nigeria Loses $700 Million Monthly To Oil Theft – NNPCL

September 12, 2022 7:05 am

The Nigerian National Petroleum Company Limited (NNPCL) has asserted that it lost 470,000 bpd amounting to $700 million monthly due to oil theft couple with security challenges that hindered oil production in some terminals.

This is even as it has disclosed that it has assembled an array of security measures, all coordinated by the digital control system to curb the ugly trend.

The Group General Manager, National Petroleum Investment Management Services (NAPMS), Bala Wunti, made the disclosure during a tour of the facilities of the NNPCL at the weekend, explaining that the pipelines particularly those around Bonny terminal cannot be …