Oil Theft: How Nigeria Loses $1.9bn Monthly, Kyari Reveals As Sylva Declares Emergency

Related stories

Ramaphosa, Trump Meet Soon Over Strained South Africa-US Relations After Ambassador Rasool’s Expulsion

By Abiola Olawale South African President Cyril Ramaphosa has announced...

Eminent Scholar- Diplomat, Ibrahim Gambari Showers Accolades On Emir of Ilorin, Ibrahim Sulu-Gambari, on His 85th Birthday

By Abiola Olawale Eminent Scholar-Diplomat, former Nigeria’s Foreign Affairs Minister...

Relief As NiMet Workers Call Off Strike After FG’s Brokered Truce

By Abiola Olawale Workers of the Nigerian Meteorological Agency (NiMET)...

‘No Comment’…Reps Decline Response As Ibas Shuns Panel On Rivers Emergency Rule Again

By Kolawole Ojebisi The House of Representatives Ad-Hoc Committee on...

Poverty Will Increase In Nigeria By 3.6% Over Next Five Years — World Bank

By Kolawole Ojebisi The World Bank has projected a bleak...
  • Laments Activities Of Vandals

Nigeria currently loses $1.9 billion monthly due to the activities of oil vandals, the Group Chief Executive Officer of Nigeria National Petroleum Corporation (NNPC) Limited, Mele Kyari has disclosed.

Kyari who spoke in Asaba during a visit to Governor Ifeanyi Okowa
by Federal Government delegation to Delta State admitted that the challenge of oil-theft was huge, given the level it had assumed.

He lamented that as a country, it hardly meet its OPEC production quantum of 1.99 million barrels per day with the current production level of 1.4 million barrels per day which is currently being threatened by the activities of economic saboteurs.

He said: “This has done extensive damage to the environment and losing 1.9 billion dollars every month is colossal, considering the nature of the global economy at the moment.”

Kyari reinstated that the team needed the support and buy-in of Delta Government because stopping the oil theft requires the concerted efforts of the Federal, State Governments, oil companies and security agencies.”

Governor Okowa pointed out that it was often difficult to secure oil facilities, especially when the persons given the contracts did not have adequate information on the environment or not have the buy-in of host communities.

“We know that the impact of the nefarious activities on the health of the people cannot be immediately ascertained, and this collaboration is, therefore, very imperative.

“Any measure that will deliberately reduce the level of oil thefts is definitely worth supporting, and as a state government, we pledge our continued support.

“Why investment of the communities is needed is because there are some parts of the creeks that cannot be accessed by the surveillance contractor. Therefore, surveillance contracts should not be such that communities are not involved.

“The surveillance contracts should be tied to performance such that when there are oil thefts you terminate the contract and it is always good that communities are involved because they know the environment better,” he said.

Okowa flayed the oil companies for not keeping faith with their Memorandum of Understanding (MOUs), thereby making the stakeholders to lose confidence in the system.

He explained that when oil companies failed to sign or implement MOUs, “it becomes very difficult for the state government to mediate when there are issues.

“The security agencies must heighten their operations and they need to be resourced to enable them to also increase their level of surveillance and for this to succeed, there must be sincerity on the part of all stakeholders.”

The Minister of State for Petroleum, Dr. Timipriye Sylva who led the delegation told the governor that the team was in Asaba to seek the support and buy-in of the state government on measures to be adopted to check oil-theft, saying “as a country we cannot sustain this kind of theft perpetually.”

He said that oil theft had become a national emergency, especially as the nation had not been able to meet its Organization of Petroleum Exporting Countries (OPEC) production quota.

“Our production has dropped drastically to very unsustainable levels; so, we have decided to take the bull by the horn by putting some structures in place and those structures cannot function effectively without the collaboration of the state government,” the minister said.

Chief of Defence Staff, Gen. Lucky Irabor, who is coordinating the security intervention against oil theft, disclosed that in the last five months security agencies had been dealing with issues of illegal refineries and oil bunkering across the Niger Delta.

Gen. Irabor called for the engagement of indigenes and host communities in the fight against the criminal activity.

Luther Emesomi
Luther Emesomi
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

Latest News
Ramaphosa, Trump Meet Soon Over Strained South Africa-US Relations After Ambassador Rasool's ExpulsionEminent Scholar- Diplomat, Ibrahim Gambari Showers Accolades On Emir of Ilorin, Ibrahim Sulu-Gambari, on His 85th BirthdayRelief As NiMet Workers Call Off Strike After FG’s Brokered Truce'No Comment'...Reps Decline Response As Ibas Shuns Panel On Rivers Emergency Rule AgainPoverty Will Increase In Nigeria By 3.6% Over Next Five Years -- World BankAlleged N1.3trn Fraud: Court Authorizes EFCC to Arrest Six CBEX PromotersDaddy Showkey Slams Niger Governor Over Arrest Order Against People With DreadlocksWhy I'll Never Join Wike, Others To Insult Odili -- AmaechiOkowa, Oborevwori's Defection: Atiku's Future Bleak As Allies Give 'Leprous' Coalition Wide Berth -- OnanugaNNPCL Set for Forensic Audit, Says Minister EdunPope Francis's Doctor Provides Fresh Update on the Pontiff's Death: “He Died Without Suffering”Obama's Wife, Michelle, Breaks Silence On Why She Shunned Trump's InaugurationJubilation As FG Releases N50bn To Clear ASUU, Other Varsity Staff AllowancesNiger Gov. Backtracks On Deadlocks Ban Amid Public OutrageNiger State Governor Umaru Bago Orders Burnaboy, Jay-z, Faze, Victor Moses, Timaya, Solidstar, Rema, Others Arrested if Found in Niger State
X whatsapp