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"

1.2k
Advertisement




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.

See also  Climate change: NNPCL signs MoU with TotalEnergies on technology deployment

“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.

See also  N2.9bn fraud: For the third time, ex-Imo Gov. Okorocha freed by court

Author

Leave a comment

Related Articles

Ogun Broadcaster Shot Dead, Police Launch Manhunt for Killers

Following the killing of veteran broadcaster and retired Ogun State Television employee,...

ISWAP Camps Levelled as Nigerian Troops Strike Sambisa Forest

By Samuel Akpan In a decisive pre-dawn offensive, Nigerian Army and Civilian...

Octogenarian, Septuagenarian Dealer Arrested in Nationwide NDLEA Drug Busts

By Omoyeni Ojeifo An 84-year-old pensioner and a 75-year-old patent medicine dealer...

APC’s Prof. Faduyile, Ex-NMA President, Wins Ondo South Senatorial Bye-Election

Prof. Faduyile Francis Adedayo, former National President of the Nigerian Medical Association...