Crude Oil theft – Precise Post

FG moves to curb oil theft as NSA, Service Chiefs, four Ministers inspect Niger Delta Assets

August 27, 2023August 27, 2023 - by Editor - Leave a Comment

By Chris Udochukwu In a bid to curb oil theft and illegal refining of crude oil in the Niger Delta area, a presidential delegation inspected government assets in some states within the oil-rich area on Saturday. The delegation was led by Nuhu Ribadu, the National Security Adviser (NSA) to President Bola Tinubu. On the delegation with the NSA were the Chief of Defense Staff (CDS), General Christopher Musa; and the Chief of Army Staff (COAS), Lt Gen Taoreed Lagbaja. Others include Minister of Defence, Muhammed Badaru; Minister of State for Defence, Bello Matawalle; Minister of State (Oil), Petroleum Resources, Heineken Lokpobiri; and Minister of State (Gas), Petroleum Resources, Ekperipe Ekpo. Also, senior management team members of the Nigerian National Petroleum Company (NNPC) Limited and other top security personnel made the delegation. The delegation first visited Rivers State Governor, Siminalayi Fubara, in Port Harcourt, the state capital, where crude oil theft and other matters around the operation of the Port Harcourt Refinery were discussed. Addressing the governor, the NSA said the delegation was in Rivers at the instruction of the President. …

News

How Troops Raided Militants Oil Thieves Camp, Captured Armoury

June 26, 2023June 26, 2023 - by Editor - Leave a Comment

By Chris Udochukwu Nigerian Army has said that the troops of 5 Battalion operating under 16 Brigade, in a raid operation on Sunday 25 June 2023 at Azuzuama Community in Ijaw South Local Government Area of Bayelsa State, captured an armoury located in a Camp from where suspected unrepentant militants and illegal oil bunkerers carry out their nefarious activities. The Director Army Public Relations, Brigadier General Onyema Nwachukwu who disclosed this in a statement on Monday hinted that during the operation, the highly motivated troops subdued the suspected militants with superior firepower, compelling them to abandon their camp in disarray. He further stated that the well-conducted raid operation led to the recovery of 5 AK 47 Rifles, 2 Rocket Propelled Grenade Bombs, 4 Rocket Grenade Bomb Chargers, seven 7.62mm Special ammunition, 14 AK 47 Rifle Magazines and one pumping machine. According to the statement, other items recovered include two 16-inch anchored verve, one mallet hammer, one pipe range spinner and one axe. The illicit camp has been destroyed by the troops. The Nigerian Army wishes to express appreciation to members …

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Asari Dokubo’s Oil Theft Accusation Unsettles Military High Command

June 17, 2023June 17, 2023 - by Editor - Leave a Comment

…As Navy Says Dokubo Is Seeking For Relevance From Tinubu By Chris Udochukwu The accusation of crude oil theft by Asari Dokubo against the military and Navy has unsettled some quarters within the military high command. Precise Post recalls that the former Niger Delta militant and agitator, Asari Dokubo on Friday spilled beans on activities of the Nigeria Military and Navy, saying they are 99 per cent responsible for crude oil theft in the region. Dokubo made the claims when he visited President Bola Tinubu in Abuja on Friday. Describing the allegation as spurious, the Nigerian Navy said for anybody to say that there is a cabal of military officers involved in oil theft, the only simple thing is to bring the evidence by bringing their names. Hours after the accusation, the Director of Naval Information, Commodore Adedotun Ayo-Vaughan, challenged Dokubo to name those involved in such an act. He claimed that the Niger Delta leader is only trying to court the favour of President Tinubu with such allegations. “If Asari Dokubo is seeking some form of relevance and alleges …

News

Oil Theft: Navy Takes Delivery Of 4 Ballistic Gunboats For Anti-bunkering Operations

October 26, 2021October 26, 2021 - by Editor - Leave a Comment

By Agency Report Port Harcourt – The Nigerian Navy, on Monday, took delivery of four ballistics gunboats to boost its fight against oil theft and sea robbery which has been commonplace in the Niger Delta. The Chief of Defence Staff, Gen. Leo Irabor, said at the induction of the gunboats that the four armoured gunboats were built by the Naval Shipyard Limited (NSL), Port Harcourt. According to him, the new platforms will provide the needed protection for troops patrolling the nation’s maritime environment to prevent internal and external threats. “Unarguably, Nigeria’s maritime environment is a reservoir of natural resources, including oil and gas that constitute the mainstay of Nigeria’s economy. “So, the protection of these resources is a priority for the Federal Government to sustain socio-economic activities and enhancement of peace and stability of the Niger Delta. “At the core of our commitment is the provision of adequate logistics support to our troops deployed in the region and across the country,” he said. Irabor said the inauguration of the gunboats, built locally, reaffirmed the resolve of the Armed Forces to …

Business

Busted! How Nigeria Lost N15tr To Crude Oil Theft in Four Years -Report Reveals

March 18, 2020March 18, 2020 - by Editor - Leave a Comment

By Shola O’Neil Abuja (Precise Post) – An estimated N15trillion is said to have been lost to illegal bunkering rings and other crude oil thieves in the Niger Delta and other parts of the country between 2015 and 2018, a report by the New Nigeria Foundation (NNF) has revealed. The figure, which translates to about $41billion (exchange rate N360/$1), is 43 per cent of the nation’s oil earning for the period and places Nigeria as the worst country in terms of crude oil theft globally, it added. The report titled: ‘Unboxing crude oil theft in Nigeria’, estimated that the fund lost to crude oil theft during the four-year period could have helped bridged 28.7 per cent of Nigeria’s budget deficit for the period under review. The report said: “In the last four years, Nigeria has lost approximately 43 per cent of recorded revenue to oil theft, which amounts to 17per cent of the country’s budget for same period. “The amount lost could have paid 28.7 per cent of Nigeria’s budget deficit in that period.” NNF Senior Programme Manager Chikodi Chiedo …