EFCC Quizzes Suspected Oil Thieves

Hamilton Nwosa
Writer

Ad

Where Extreme Poverty Rates Are Highest in the World

Key Takeaways Africa is home to 23 of the top 30 countries with the highest rates of extreme poverty. Kosovo ranks in 19th globally in 2024, seeing the highest rates outside of Africa—a country that faces high unemployment rates and ongoing conflict. The Democratic Republic of Congo (DRC) produces roughly three-quarters of the world’s cobalt, it…

Oil Prices Drop as Israel and Hamas Agree to Ceasefire

Oil prices fell in early morning trade on Thursday in Asia as Israel and Hamas agreed to a pause in fighting and a hostages-for-prisoners exchange, under a framework advanced by the Trump administration. Under the agreement, Hamas will release as many as 20 living hostages this weekend, and Israel will pull back forces to a negotiated…

Central Banks Now Hold More Gold Than U.S. Treasuries

Key Takeaways For the first time since 1996, foreign central banks’ gold reserves have overtaken their U.S. Treasury holdings. Persistent gold buying and rising U.S. debt risks are reshaping reserve composition toward hard assets. Central banks have crossed a symbolic line: their combined gold reserves now exceed their U.S. Treasury holdings for the first time…

Ad

The Economic and Financial Crimes Commission, EFCC, has commenced investigations of ten (10) suspected oil thieves handed over to it on Thursday 1 February, 2018 by the Nigerian Navy.
The ten suspects: Kolawole A Ezekiel; Olisa Basil Chukwutem; Friday Utibe; Emi Azubike; Oriyomi Olatunji; Ushiagwu Simon; Salihu Oricha Jimoh; Onche John, Onovuakpo John and Ubong Bredan, were handed over to the EFCC alongside a vessel: MT BREAKTHROUGH, with registration number IMO 9095723, by the Nigerian Navy Ship (NNS) PATHFINDER, Naval Base, Rumuolumeni, Port Harcourt, Rivers State for further investigation and prosecution.
NNS Pathfinder’s Commander, Navy Captain Victor Choji, explained that, the suspects were arrested by the Nigerian Navy Ship (NNS) PATHFINDER’s patrol team deployed for anti-crude oil theft and illegal bunkering operations around Dawes Island, Port Harcourt. The vessel, laden with an estimated 4,757 metric tons of products suspected to be crude oil, while under surveillance, was discovered to have switched off its Automatic Identification System (AIS) to evade surveillance in order to carry out an economic crime with the products onboard.
The suspects would soon be charged to court when investigations are concluded.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp