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Drastic drop reported in crude oil theft

By on October 22, 2014

The Flag Officer Commanding (FOC) Eastern Naval Command, Rear Admiral Charles Obiora-Medani, has disclosed that Nigeria now loses 800,000 barrels of crude oil monthly to thieves as against over two million barrels monthly in the early parts of this year.

Obiora-Medani made the disclosure in Calabar on Tuesday during the 2nd FOC bi-annual inspection tour of Navy formations under the Command.

The FOC said, “In January 2014, when the present Chief of Naval Staff, Vice Adm. Usman Jibrin, took over, Nigeria was losing 2.6 million barrels per month as at January figure.

“As at September 2014, which is the last published figure, it has dropped to 800,000 barrels. That will tell you that there has been a major drop in oil theft.”

He also stated that the rate of criminal activities perpetrated by sea pirates along the waterways in Cross River State and Akwa Ibom State have reduced drastically.

 

[This Day]