Highlight

NNPC Ltd. solicits EFCC’s support in crude oil theft fight

“I believe, personally, that the very purpose of your commission is to curtail economic crimes, and there is no bigger economic crime of this scale anywhere else than what is happening in this area"

704

The Nigerian National Petroleum Company Limited (NNPCL) has asked the Economic and Financial Crimes Commission (EFCC) to collaborate to tackle the menace of crude oil theft in the country.

The Group Chief Executive Officer of the company, Mr. Mele Kyari, made the appeal at an interactive session with the EFCC’s Chairman, Mr. Ola Olukoyede, held at the NNPC Towers in Abuja on Monday.

A statement by the Chief Corporate Communications Officer, NNPC Ltd. Mr. Femi Soneye said Kyari spoke passionately about the efforts by NNPC Ltd. to eradicate corruption from its system and stem crude oil theft and pipeline vandalism.

He contended that, going by the volume of oil stolen daily and the brazenness with which the perpetrators operate, crude oil theft was the most humongous and virulent economic crime in Nigeria that must attract the attention of the EFCC.

He said, “As we continue to do our best to deepen transparency and stamp out corruption from the system, there is one big challenge that you will need to help us with, Mr. Chairman.

“The challenge is crude theft. It fits into everything you have said – the people, the asset, the opportunity, and the absence of deterrence.

“We have deactivated 6,409 illegal refineries in the Niger Delta region. Today, we have disconnected up to 4,846 illegal pipes connected to our pipelines; that is out of 5,543 such illegal connection points.

“That means there are a vast number of such connections that we have not removed.”

Kyari added: “These things don’t just happen out of the blues. They happen in communities and locations we all know. As we remove one illegal connection, another one comes up. It is sad, Mr. Chairman.

“This kind of thing does not happen anywhere else in the world. When we say illegal connections, they are not invisible things; they are big pipes that require some level of expertise to be installed. Some of them are of the same size as the trunk line itself.

“No one would produce crude oil knowing fully well that it is not going to get to the terminal. That is why nobody is putting money into the business. So, you can’t grow production.

“I believe, personally, that the very purpose of your commission is to curtail economic crimes, and there is no bigger economic crime of this scale anywhere else than what is happening in this area.”

On corruption within the system, Kyari explained that by law, NNPC Ltd. is required to maintain high ethical standards and has put in place structures and measures to curb discretionary actions that fuel corruption, stressing that most processes in the company have been fully automated to discourage arbitrary actions.

He disclosed that many issues of corruption reported to the public were either not true or recycled from the past.

In his presentation, the Executive Chairman of EFCC, Mr. Ola Olukoyede, a lawyer, expressed satisfaction with NNPC Ltd.’s commitment to issues of ethics and code of conduct.

He, however, challenged management to ensure that the codes of ethics and regulations are complemented with monitoring and enforcement to enhance deterrence.

The interactive session was at the instance of the Group Chief Executive Officer, Mr. Mele Kyari.

Leave a comment

Related Articles

Arsenal Stun Real Madrid with 2-1 Victory, Advance to Champions League Semi-Finals

Arsenal secured a stunning 2-1 victory over Real Madrid at the Santiago...

Just in: Reps committee invites Rivers administrator for oversight hearing

The House of Representatives Ad-hoc Committee on Rivers State Oversight has invited...

Korean Intelligence Service Lauds NDLEA for Busting Notorious Drug Baron, Requests Suspect’s Extradition

The National Drug Law Enforcement Agency (NDLEA) has received commendation from the...

15 Million Nigerians at Risk of Flood Disasters in 2025 – VP Shettima

At least 15 million Nigerians are at risk of flood disasters in...

AIG Olaiya to FCT CP: Maintain peace, stability in nation’s seat of power, we can’t afford to let anything go wrong

Zone 7’s Assistant Inspector General (AIG), Victor Olaiya, has charged FCT Police...

Mass media’s partnership critical tottsSactualization of Pres. Tinubu’s renewed hope agenda – Rep Abejide

Rep. Leke Abejide (Yagba East/Yagba West/Mopamuro Federal Constituency, Kogi) of the Federal...

Champions League Quarterfinals: Arsenal Aims to Seal Semi-Final Berth Against Real Madrid

Arsenal is set to face Real Madrid in the Champions League quarter-final...

Lagos govt. collaborates with REA to install rooftop solar to power public institutions

By Joycelyn Ellakeche Adah As part of the initiative to change Lagos’...

Ogun Dazzles with Outstanding Preparedness for Gateway Games 2025

The National Sports Commission (NSC) has expressed satisfaction with Ogun State’s level...

N1.3trn CBEX fraud: Interpol, EFCC launch probe

The Economic and Financial Crimes Commission (EFCC) says it has launched an...

Rivers Administrator summons Fubara, deputy, to justify reinstatement, appointments made

Rivers Sole Administrator, retired Vice Admiral Ibok-Ete Ekwe Ibas, has summoned the...

Trump’s Tariff Policies Spark Oil Market Volatility, Threaten Nigeria’s Economy – NMDPRA Boss

The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory...

Nigeria Shines at ITTF World Para Future Tournament in Jordan

Team Nigeria made a powerful performance at the just concluded ITTF World...

FCT security gets boost as NAF, NPF agree to join forces

In a strategic move to bolster security in the nation’s capital, the...

U17 Women’s World Cup Qualifier: Flamingos Battle Algeria

Nigeria’s U17 girls, Flamingos, are intensifying preparations for their FIFA U17 Women’s...

Nigerians lose N1.3trn as CBEX digital trading platform crashes

Nigerians took to their various social media platforms to lament their losses...

Gunners Look to Seal Quarterfinal Spot Against Real Madrid

Arsenal’s Champions League quarter-final second leg against Real Madrid at the Bernabeu...

Arsonist sets fire to US Pennsylvania governor’s residence, ex-Pres. Joe Biden fumes

A suspected arsonist on Sunday broke into the residence of Pennsylvania Governor,...

PDP Governors Rule Out Merger With Other Parties, Open To Defectors Ahead of 2027 Polls

The People’s Democratic Party (PDP) Governors Forum has ruled out merging with...

AGC relocation: NBA slams Rivers Administrator Ibas over N300m claim, calls it gift, not hosting rights

The Nigerian Bar Association (NBA) has vehemently denied claims by Rivers State’s...