Advertisement
News

$1.5bn Oil Theft: NNPC Seeks Special Courts For Prosecution Of Oil Thieves

Advertisement
Advertisement
$1.5bn Oil Theft: NNPC Seeks Special Courts For Prosecution Of Oil Thieves—-The Nigeria National Petroleum Corporation (NNPC) Ltd. has called for the establishment of special courts for the prosecution of oil thieves in the country.
Mr Mele Kyari, the Group Managing Director of NNPC, made the call on Thursday in Abuja when he appeared before the House of Representatives Committee on Petroleum Upstream, investigating the loses of Nigeria crude oil production to theft .
He disclosed that the country lost over 1.5 billion dollars to oil theft between January and March 2022.
He said that the  special courts had become necessary to unmask those behind illegal crude oil refining.
$1.5bn Oil Theft: NNPC Seeks Special Courts For Prosecution Of Oil Thieves
“We must have special courts to try those behind this business. This is an elite business, it is not done by poor people,” he said.
He expressed worry over loss of crude oil production to activities of vandals and oil thieves, adding that stern security measures were being considered to restore production situation and improve revenue.
He also disclosed that efforts were on top gear to ensure the situation was addressed, stressing that there would be tremendous progress within the next two months.
Kyari said thieves and vandals had rendered some of the facilities useless as the activities of vandals and thieves had got to a level that the NNPC had to shut down some facilities.
According to him, the NNPC can no longer sustain production as expected because of the activities of the oil thieves and vandals.
“It came to a level where we could only receive 300 barrel per day,” he said.
The lawmakers, however, said it was time  to declare a state of emergency in conveying crude oil and mandated the strict monitoring  of  pipelines
Advertisement
Tgmedia

Recent Posts

PHOTO: Yahoo Boy And His Girlfriend Burnt To Death After Refusing To Share Proceeds He Allegedly Got From Fraud

PHOTO: Yahoo Boy And His Girlfriend Burnt To Death After Refusing To Share Proceeds He…

28 mins ago

CrossDresser Bobrisky Was Given Appropriate Cell – Nigerian Correctional Service

CrossDresser Bobrisky Was Given Appropriate Cell – Nigerian Correctional Service---The Nigerian Correctional Service (NCoS) on…

35 mins ago

BREAKING: Tinubu Finalises List Of New And Sacked Ministers

BREAKING: Tinubu Finalises List Of New And Sacked Ministers----In a significant development, President Bola Tinubu…

43 mins ago

FRESH: After Wife’s Death, Akwa Ibom Governor Umo Eno Appoints Daughter As First Lady

FRESH: After Wife’s Death, Akwa Ibom Governor Umo Eno Appoints Daughter As First Lady---Governor Umo…

2 hours ago

BREAKING: Fire Guts Popular Kantin-Kwari Textile Market In Kano [PHOTO]

BREAKING: Fire Guts Popular Kantin-Kwari Textile Market In Kano [PHOTO]---A fire outbreak on Saturday night…

16 hours ago

JUST IN: Victor Osimhen Out As Eguavoen Announces Super Eagles Vs Libya Squad [FULL LIST]

Victor Osimhen has been ruled Out of Super Eagles Vs Libya squad As Eguavoen Announces…

16 hours ago
Advertisement