Nigeria loses 5bn dollars to oil theft annually – Shell

Date: 27-06-2012 5:04 am (11 years ago) | Author: franel
- at 27-06-2012 05:04 AM (11 years ago)
(m)
«§» 27 June 2012

Abuja -  Mr Mutiu Sumonu, the Managing Director of Shell Petroleum Development Company Nigeria Plc., said on Tuesday, in Abuja, that Nigeria was losing 5 billion dollars annually to oil theft.

Sumonu spoke at the public hearing on the upsurge of illegal oil bunkering activities in Nigeria’s coastal region.

The hearing was organised by the House of Representatives Joint Committee on Petroleum Resources (Upstream) and Navy.

According to him, Nigeria loses approximately 150,000 barrels of oil to illegal oil bunkering daily, while the company lost100 barrels daily between 2003 and 2004.

Heexplained that the activities of oil thieves had shifted from pilfering to a higher dimension.

The shell boss said that stakeholders in the oil sector must display the political will to fight illegal oil bunkering.

“Every tier of government must be involved in the fight against illegal oil bunkering,”he said.

Sumonu described illegal oil bunkering as a highly syndicated operation that involved oil company workers.

The Speaker of the House of Representatives, Alhaji Aminu Tambuwal, gave an assurance that the National Assembly (NASS) would continue to support the committee in checking illegal oil bunkering.

Tambuwalsaid that the NASS was ready to respond to the enormous challenge of checking illegal bunkering.

“The House of Representatives will respond to this kind of challenge for the well-being of the country,” he said.

The speaker noted that the activities of oil thieves constituted threats to the nation’s security and environment.

Mr Ade Abolurin, Commandant-General of the Nigeria Security and Civil Defence Corps (NSCDC), said that the corps was ill equipped to effectively check illegal oil bunkering.

He said that the corps had arrested and prosecuted 300 Nigerians and 15 Ghanaians for illegal oil bunkering.

Abolurin stressed that the corps would not compromise its position in checking the activities of oil thieves.

The NSCDC boss urged effective implementation of extant laws checking illegal oil bunkering.

He called on the committee to help the corps to acquire state of the art equipment to enable it to effectively check oil theft in the country.

Rep. Muraina Ajibola (PDP-Oyo), the Chairman of  the House Committee on Petroleum Resources (Upstream), urged the strengthening of relevant institutions by allocating more funds to them to purchase equipment.

Ajibola said that the Nigeria Maritime Administration and Safety Agency (NIMASA) needed to step up its operations to check maritime theft.

However, he was dismayed by the absence of some key officers of some agencies at the hearing, warning that the committee would not hesitate to invoke the relevant laws against such officers.

Other stakeholders at the hearing included the NPA, EFCC,NIMASA and NNPC.

The ministers of Petroleum Resources and Environment were absent at the hearing. (NAN)

Source: http://www.vanguardngr.com/2012/06/nigeria-loses-5bn-dollars-to-oil-theft-annually-shell/


Posted: at 27-06-2012 05:04 AM (11 years ago) | Hero
- tobros4real at 27-06-2012 05:43 AM (11 years ago)
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This is all cock and bull stories. All the bunkering are working for them stop deceiving Nigerian you illiterate money making man. Look at his mouth he used to talk rubbish. i have been in Abia state in 2006 when the so called federal govt send some troops to stop bunkering and the troops deserted everybody and started the bunkering by themselves. '' IMAGINE'' They even hire tankers and go bunkering themselves. so stop wanggering animals in the Oil podium. How much did Nigeria that supply fuel to many nation sell a liter of fuel 180 naira. then ordinary India is selling a liter of fuel R.S 22 rupees a liter which is 68 naira in naija money then what is the access of being an oil nation. All of you should enter DANA plane and die there
Posted: at 27-06-2012 05:43 AM (11 years ago) | Newbie
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- steve232 at 4-03-2013 01:55 AM (10 years ago)
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I see
Posted: at 4-03-2013 01:55 AM (10 years ago) | Gistmaniac
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