EFCC laments incessant oil theft, pipeline vandalism

By Davies Iheamanchor

PORT HARCOURT: The Economic and Financial Crimes Commission, EFCC, has lamented the continuous activities of pipeline vandalism in the Niger Delta region.

The commission also disclosed that the commission has secured 14 convictions in its fight against corruption within few months, adding that the breakthrough was based on the level of investigation and professionalism been put at work by officials of the commission.

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Source: vanguardngr.com

Pirates on Nigerian waters risk life imprisonment, N500 million fines

By Sulaimon Salau

Hard times await pirates that operate on Nigerian waters, as the Suppression of Piracy and other Maritime Offences Bill, signed into law by President Muhammadu Buhari recommended a life sentence for culprits.

A copy obtained by The Guardian, showed the law recommended various punishments for piracy, armed robbery, and other maritime-related offences ranging from life imprisonment to fines of N500 million, N250 million, and 12- 15 years imprisonment, depending on the gravity of the offence.

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Source: guardian.ng

How to end crude oil theft, by expert

by Precious Igbonwelundu

Nigeria has been advised to create alternative operation routes, secure the evacuation routes and expand export activities to the eastern side of the Niger Delta to contain crude oil theft.

The suggestions were given by the Chief Executive Officer (CEO) of Umugini Pipeline Infrastructure Limited (UPIL), Blessing Ayemhere, on Tuesday during the unveiling of the company’s new logo and brand identity.

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Source: thenationonlineng.net

Why Illegal Bunkering Thrives In Niger Delta

By Jeremiah

For Indigenes of Bayelsa, issues of illegal bunkering is not new and has gained acceptance despite repeated clampdown on their operations by security agencies, particularly the Joint Security Task Force, code named Operation Delta Safe. Osa Okhomina examines the operations of the illegal operators amidst growing concern over insecurity, destruction and other environmental effects.

In Bayelsa, the operations of illegal operators of local refineries have become a norm and has been embraced as another way of forceful sharing from the national cake.

While the security agents including the Joint Security Task Force code named Operation Delta Safe and the Nigerian Navy, engage in serious security operations with destruction of Illegal bunkering sites, the shady operation continued in some Bayelsa communities and has become a new way of livelihood.

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Source: leadership.ngdelta/

Chevron: oil theft, illegal refining, threaten economy

by Bolaji Ogundele

Oil major, Chevron Nigeria Limited has said crude oil theft, illegal oil refining and pipeline vandalism are major threats to Nigeria’s economy.

Chevron in a position paper presented at a one-day seminar on advocacy against crude oil theft in Warri, Delta State, said these challenges have continued to make it difficult for the country to meet its revenue projection, and at the same time have polluted the environment in the Niger Delta region.

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Source: thenationonlineng.net

Nigeria’s Economy Bleeds with N995bn Loss Annually to Crude Oil Theft’

By Babatunde Akinsola

A consultant to the Nigeria Natural Resource Charter (NNRC), Mr. Niyi Awodeyi, has disclosed that about N995.2 billion is lost annually due to crude oil theft. Awodeyi, which said the amount was discovered in a recent findings, also estimated that N3.8trillion was lost in 2016.

Awodeyi, who also quoted a World Bank report stated that 80 per cent of crude oil revenue in Nigeria was in possession of just one percent of the country’s population, stated that the award of security contracts, “gave the actors access to the pipelines”, with surprise increase in crude oil theft.

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Source: naija247news.com

Nigeria Approves New Crude Oil Export Terminal In Niger Delta

By Tsvetana Paraskova

Nigeria’s government has authorized a local oil company to operate a new floating crude oil export terminal off the coast of the Rivers state in the oil-rich but still troubled Niger Delta.

Belemaoil Producing Ltd has been allowed to moor a floating storage and offloading (FSO) unit and use it as a crude oil export terminal, according to a letter signed by the Director of Nigeria’s Department of Petroleum Resources (DPR), Mordecai Ladan, Nigerian media report.

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Source: oilprice.com

Nigeria: Army Destroys 93 Illegal Refineries, Arrest 29 Suspects

By Kingsley Nwezeh

Abuja — As part of its campaign to contain sea piracy and oil bunkering in the Niger Delta region, the Nigerian Army said yesterday it destroyed 93 illegal refineries in the Niger Delta region.

In the course of its anti-illegal and sea piracy operations, 29 sea robbers and illegal oil bunkerers were also arrested while 80 trucks were detained.

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Source: allafrica.com

Police Uncover Plots To Attack Oil Facilities In Niger Delta

By Chibuike Chukwu

Lagos – The Nigeria Police Force said it has uncovered plots by some subversive elements masquerading as climate and environmental activists to commence massive and coordinated attacks on oil installations across the country especially in the Niger-Delta region and adjoining states.

These plots, according to a statement by Frank Mba, the Force image maker, on Wednesday, were politically motivated, and aimed at sabotaging oil installations with intended negative consequences on national security, economic development and global oil market.

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Source: independent.ng

Maritime crimes squeeze NIMASA’s revenue

by Onyedi Ojiabor

The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, yesterday blamed high rate of crime for the revenue shortfall the agency recorded in 2018 fiscal year.

He spoke in Abuja during 2019 budget defence session of the agency before the Senate Committee on Marine Transport. Peterside who made the submission in response to a question on why NIMASA’s contributions to the Consolidated Revenue Fund in 2018 reduced by N6billion noted that maritime crimes was largely responsible for the reduction.

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Source: thenationonlineng.net