Oil Theft

The Nigerian troops have neutralized 113 terrorists and arrested 300 others in different parts of the country. The Director, Defence Media Operations, Major General Edward Buba, disclosed this in Abuja when briefing journalists on the…

The Nigerian Senate has resolved to investigate all activities of crude oil theft in the Niger Delta region. The call followed the adoption of a motion on the “Urgent Need to Investigate the Incessant and Nefarious Acts of Crude Oil…

The House of Representatives Ad-hoc Committee investigating the alleged loss of over $2.4 billion in revenue from Illegal sale of 48 Million Barrels of Crude Oil Export in 2015 Including Crude Oil Exports from 2014 till date has frowned at…

The Federal Government’ Special Investigative Panel on Oil Theft/Losses has called for deliberate conversations to drive legal reforms that would provide stiffer penalties to culpable entities involved in oil theft. The Chairman of the…

Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN has threatened to embark on a  nationwide strike action in protest of what they described as increasing oil theft and vandalism in the country. The…

The Nigerian Military has vowed to curb losses from pipeline vandalism and crude oil theft in the country. Gen. Lucky Irabor, the Chief of Defence Staff, stated this while in the oil-rich city of PortHarcourt,…

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has agreed that the increasing rate of oil theft is impacting negatively on the economy and affecting the accretion of the country’s foreign reserves. …