(L-R) NNPC GMD Mele Kyari, Chairman EFCC, Abdulrasheed Bawa and Min of State for Petroleim, Chief Timipre Sylva
HighlightOil & GasTop StoryTrending Story

Smuggling, Crude Oil Theft: NNPC, EFCC, Others Partner to Tackle Economic Crime

739

The Nigerian National Petroleum Corporation (NNPC) says it is collaborating with the Economic and Financial Crimes Commission (EFCC) and other security agencies and relevant downstream and upstream stakeholders in the petroleum industry to curb the twin menace of petroleum products smuggling and crude oil theft.

The para-military security organizations NNPC is partnering with are Department of State Services (DSS), Nigeria Police Force (NPF), Nigeria Customs Service (NCS), Nigeria Security and Civil Defence Corps (NSCDC).

The Group Managing Director of the NNPC, Mallam Mele Kyari, said at a stakeholders’ meeting at the NNPC Towers, Abuja, that the move was at the instance of President Muhammadu Buhari who mandated the Ministry of Petroleum Resources, the NNPC, the EFCC and all other security agencies to do everything to stop crude oil theft and illicit truck-out of petroleum products.

He said the president had classified oil theft as major economic crimes that have hindered Nigerians from enjoying the benefits of subsidized petroleum products.

Kyari urged all industry stakeholders to collaborate with the corporation to ensure that the daily national petroleum products consumption which shot up to 102million litres in the month of May is brought down to realistic levels around 60million litres.

“It is obvious to all that that volume of premium motor spirit (PMS) is not consumed by Nigerians alone.

NNPC Stakeholders Meeting in Abuja

“We all agree that smuggling is not a business that should be condoned because even for deregulated petroleum products it brings extra cost burden on this country both in terms of safety and security of supply and in securing of foreign exchange.

“It even constitutes more burden to this country when the product involved is a regulated product like Premium Motor Spirit (PMS),” Kyari said in a statement by Dr. Kennie Obateru, Group General Manager, Group Public Affairs Division, a copy of which was given to Persecondnews.

With the increasing price of crude oil at the global market and the OPEC+ production cuts, the NNPC boss said the country cannot afford to shoulder the cost of smuggling.

“We all know that our daily consumption is not up to 60million litres. We all know that, and that is why we have to pull it down. We will pull it down by every means necessary.”

He said NNPC would emplace Advanced Cargo Declaration in line with global best practices to tackle the issue of crude oil theft in the country.

Speaking in a similar vein, the Executive Chairman of EFCC, Mr Abdulrasheed Bawa, expressed the readiness of the Commission to work with the NNPC to ensure that all those involved in the economic sabotage were brought to book.

The Major Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association of Nigeria (DAPPMA), Independent Petroleum Marketers Association of Nigeria (IPMAN), Nigerian Association of Road Transport Owners (NARTO), Petroleum Tanker Drivers (PTD) and all the other stakeholders also expressed readiness to partner with the NNPC to bring an end to petroleum products smuggling across the country’s borders.

Leave a comment

Related Articles

Breaking: Former Petroleum Minister Timipre Sylva Declared Wanted

The Economic and Financial Crimes Commission (EFCC) has declared former Governor of...

Alleged Christian Persecution: PFN, Islamic Council Clash

A heated debate has erupted in Nigeria over allegations of Christian genocide,...

Gambling Turns Deadly: Students Beat Teacher Fatally in Oyo

Ogbomoso community in Oyo State, is still reeling from a tragic incident...

Super Eagles Camp Bubbles with 10 Early Arrivals in Morocco

Nigeria’s national football team, the Super Eagles, has begun preparations for the...

Joint Military Operation Rescues 86 Kidnapped Victims in Borno

A joint military operation led by “Operation Hadin Kai” (OPHK) says it...

Gov. Abiodun Congratulates Gov. Soludo on Re-Election Victory

Prince Dapo Abiodun, Ogun Governor and Chairman of the Southern Governors’ Forum,...

INEC Confirms Soludo’s Re-election as Anambra Governor with 422,000 Votes

APGA’s Gov. Chukwuma Charles Soludo has been re-elected, securing a second term...

Nigerian Legend Jay-Jay Okocha Ready for NFF Role, Sets Terms

Nigerian football legend Jay-Jay Okocha is ready to accept a leadership role...

Anambra Poll: Soludo Clinches Victory with Clean Sweep of 21 LGs

The Independent National Electoral Commission (INEC) resumed the collation of results for...

Peter Obi, Soludo, Moghalu vote in Anambra guber poll, allege vote buying

Labour Party leaders, including 2023 presidential candidate Mr. Peter Obi and the...

Super Eagles Decline Started After 2002 AFCON Team Disbandment – Jay Jay Okocha

Nigerian football legend Jay-Jay Okocha has sparked controversy by labeling the 2002...

2.8m people vote in today’s in Anambra governorship polls

Over 2.8 million voters will vote in today’s election to determine the...

Pastor Adeboye to Tinubu: Give Security Chiefs 90-Day Deadline to End Terrorism Over US Threat

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch...

Professional Misconduct: FCT CP Redeploys DPO Gwarimpa To Command HQ

FCT Police Commissioner Miller Dantawaye has redeployed SP Babale Galadima, the errant...

From Estrangement to Reconciliation: Why Regina Daniels May Reunite with Ned Nwoko

There are strong indications that Nollywood actress Regina Daniels may be considering...

NPFL Unveils ₦2bln Deal to Boost TV, Data Rights

The Nigeria Premier Football League (NPFL) has made a significant commercial breakthrough,...

Dangote Refinery Reduces Petrol Price Again to ₦828 per Litre Amid Falling Global Crude Prices

The Dangote Refinery has once again reduced the price of petrol at...

Police Launch Manhunt for Missing FRSC Officer, Daughter in Ogun

A senior officer of the Federal Road Safety Corps (FRSC), Funmilayo Oluwamayokun...

Tinubu Vows to Defeat Terrorism Amid Trump Invasion Threats

President Bola Tinubu has reiterated his administration’s unwavering commitment to defeating terrorism...

Two New Ministers, Doro and Udeh, Take Oath of Office

President Bola Tinubu inaugurated two new ministers, Bernard Doro and Kingsley Udeh,...