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"

615

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

Breaking: Trump pulls US from WHO, signs executive bill

US President Donald Trump has signed an executive order to withdraw the...

Pres. Trump reverses Biden’s Paris deal

Newly-inaugurated President Donald Trump has confirmed that he will withdraw the United...

NNPC Ltd Blames Economic Saboteurs for Buguma Wellhead Fire, Pledges to Combat Threat

The Nigerian National Petroleum Company Limited (NNPC Ltd) has pinpointed pipeline vandalism...

Inaugural Speech of Donald J. Trump, 47th. President of America

Thank you. Thank you very much, everybody. Well, thank you very, very...

Breaking: Trump vows to halt illegal immigration

Donald Trump was inaugurated as the 47th President of the United States...

FCT Minister Inaugurates Key Road in Abaji Area Council

In fulfillment of a critical infrastructure promise, the Minister of the Federal...

State FA Cup Competitions Kick Off Across Nigeria

The President Federation Cup competition kicked off nationwide on Monday, with preliminary...

Alleged N12.3bln fraud: Otudeko, others’ arraignment stalled, court adjourns until Feb. 13

Justice Chukwujekwu Aneke of the Federal High Court in Lagos has adjourned...

Updated: Death toll from Niger tanker explosion rises to 98

The death toll from Saturday’s devastating petrol tanker explosion has risen to...

Ex-AMCON MD, others granted N20m bail over alleged N76bln, $31.5m fraud

Justice Mojisola Dada of an Ikeja Special Offences Court on Monday granted...

FCT police rescue five-year-old girl, nab suspected abductor

The Federal Capital Territory (FCT) Police Command has rescued five-year-old Miracle Yakubu...

2025 Hajj: NAHCON announces N8m fare

Nigerians intending to perform the 2025 pilgrimage to Saudi Arabia, the Holy...

Just in: ICC U-19 Women’s T20 World Cup: Nigeria’s Junior Female Cricketers Stun New Zealand by Two Runs

Nigeria’s Junior Female Yellow Greens made a stunning debut at the 2025...

Lessons Of The Israel-Hamas Ceasefire by Dakuku Peterside

The Israel-Palestine-Hamas conflict is one of the most enduring and complex disputes...

Abuja property owners’ unpaid C of O fees hit N300bln – FCT Minister

The Federal Capital Territory is facing a massive debt crisis, with property...

EFCC Operative Killed in Attack by Ritualists, Kidnappers Masquerading as ‘Yahoo Boys’ in Anambra – Spokesman

The Economic and Financial Crimes Commission (EFCC) says one of its operatives,...

TikTok restores service in US, thanks Trump

TikTok on Sunday restored service in the United States after it briefly...

Murder in the Cathedral: CCC cleric fatally shot during church service

Horror as congregants of the Celestial Church of Christ (CCC), Idiroko in...

Suleja Tanker Tragedy: Southern Governors’ Forum Expresses Sympathy with Niger Governor

The Southern Governors’ Forum has expressed deep condolences to Gov. Mohammed Umar...

BRICS welcomes Nigeria as partner country, fostering new era of international cooperation

Nigeria has officially become a partner country of the BRICS economic bloc,...