Criminal Enterprise: “We will expose those behind oil theft, loses in Nigeria” – PAP Boss, Ndiomu  

The Interim Administrator of the Presidential Amnesty Programme, (PAP) Retired Major-General Barry Tariye Ndiomu has disclosed plans by the Special investigative panel on oil theft and losses in Nigeria to embark on a thorough probe that will unravel not only the incidences of oil theft and losses but those behind the criminal enterprise. The National Security Adviser to the President, Major-General Babagana Monguno (rtd), had inaugurated a special Investigative panel on oil theft and losses in Nigeria, chaired by the interim administrator of the PAP. Speaking shortly after the committee…

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H/Reps directs Petroleum Ministry, NNPC to expedite action on oil exploration in Bida Basin  

The House of Representatives has directed the Federal Ministry of Petroleum Resources to ascertain availability of hydrocarbons in commercial quantities in the Bida Basin, in Niger State. Adopting a Motion, sponsored by Sa’idu Musa Abdullahi during plenary, presided by Speaker Femi Gbajabiamila, the House enjoined the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian National Petroleum Corporation (NNPC) Limited to conclude geophysical survey. The House also mandated its Committees on Petroleum Resources (Upstream) and Legislative Compliance to ensure compliance. Abdullahi (APC, Niger) argued that the call was in tandem…

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Buhari applauds NASENI’s tech drive to stop oil theft

President Muhammadu Buhari, on Tuesday, applauded the National Agency for Science and Engineering Infrastructure, (NASENI)’s drive to halt oil theft using technology, saying it is a legacy his administration will bequeath to Nigeria. This is as the agency, which was established about 31 years ago, said it was working to roll out high technology solutions to end crude oil theft and pipelines vandalisation, as well as aerial surveillance for rail-tracks monitoring, among other giant strides. Buhari, in his address at the commissioning of the Technology and Innovation Complex at NASENI…

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Oil-producing States squander N4tr domestic debt in 7 years – NBS, DMO

According to a recent National Bureau of Statistics (NBS) study on Nigeria’s domestic and external debt, the oil-producing States had a combined domestic debt stock of more than N4 trillion between Q1, 2022, and Q2, 2022. Analysis of statistics emanating from the Debt Management Office (DMO), the Federal Ministry of Finance and the National Bureau of Statistics (NBS) suggests that the oil-producing states across the country cannot account for about N4 trillion in their transactions over a period of seven years. Oil-producing States in Nigeria, which include Delta, Akwa-Ibom, Cross…

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Crude oil theft: Ship, 26 suspects risk life imprisonment – FG

The Federal Government said the ‘rogue’ vessel that entered the nation’s maritime environment on August 7 “without any form of authorisation” and 26 other suspects are standing trial before a Federal High Court in Port-Harcourt, Rivers State, and risk life imprisonment upon conviction. A very large crude oil carrier (VLCC) known as MT Heroic Idun was reported to have entered the “Total Safe Anchorage operated (by) Akpo Field”, in breach of existing maritime laws and conventions. According to the Nigerian Navy, the vessel with overall length of 336-metres has the…

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Oil in North: Transparency issues becloud ‘one billion barrels’ discovery claim

With about seven months to the end of Muhammadu Buhari’s administration as President and Minister of Petroleum Resources, concerns are seriously rising over Nigeria’s exploration activities in the northern part of the country as well as a purported one billion barrels crude oil discovery made in the region. Stakeholders, yesterday, expressed worry over the secrecy in the development amidst transparency issues even as the details of a one billion barrels of crude oil discovered in the Gongola basin, located between Bauchi and Gombe remained only in the news two years…

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Oil theft: Another major export pipeline of stolen 400,000bpd crude, platform uncovered

Operatives of the company owned by ex-Niger-Delta militant, Government Ekpemupolo, better known as Tompolo, and security officials have uncovered a key illegal underwater pipeline attached to Trans-Forcados Export Trunkline, and a platform through which crude oil was being diverted to the high seas for export. The discovery by the company, Tantita Security Services Nigeria Ltd (TSSNL), which is coming few days after an illegal 4-kilometre crude oil pipeline belonging to Shell Petroleum Development Company (SPDC) was exposed, was made about a week ago by operatives of TSSNL through an exclusive…

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“Buhari Govt. has failed in Nigerian oil and gas sector” – el-Rufa’i 

…Says NNPC is Nigeria’s biggest problem   Kaduna State Governor, Nasir Ahmed el-Rufa’i, has said the Federal Government should not have anything to do with the oil and gas business and should quit the sector immediately.  The governor took this position while speaking on a television programme yesterday, on the occasion of the seventh edition of KadInvest, an annual event organised by the Kaduna State Investment Promotion Agency. El-Rufa’i, while speaking on the theme for this year’s event: ‘Building a Resilient Economy’, asserted that the Government fumbled in the sector, said…

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Crude Oil theft: Nigeria drops to Africa’s fourth largest oil producer

…Angola leads  Nigeria is facing a record reduction in oil production, oil cartel OPEC reports, dropping from the first largest producer in Africa to the fourth, behind Angola, Algeria and Libya. The latest monthly oil market report released by the Organisation of Petroleum Exporting Countries (OPEC) yesterday shows that in September Angola produced the most oil on the continent, at 1.18 million barrels per day (bpd), followed by Libya, with 1.152 million bpd. The report also said that Algeria produced 1.04 million bpd, while Nigeria pumped 1.09 million bpd in…

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Oil theft: 1million barrels of crude stolen daily — Senate president, Ahmad Lawan

…Says crude oil thieves are Nigeria’s worst enemies The Senate President, Ahmad Lawan, says Nigeria loses one million barrels of crude oil daily to crude theft. He made the remarks at the presentation of the 2023 Appropriation Bill to a joint session of the National Assembly by President Muhammadu Buhari in Abuja, yesterday. According to him, the Nigerian economy was still challenged by a dearth of revenues and the situation worsened recently, culminating in the loss of one million barrels of crude per day. He said: “Translated into monetary terms,…

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