57 suspected oil thieves arrested in Nigeria

Nigerian navy troops operating in the oil rich Niger Delta region arrested 57 suspected oil thieves in its anti-oil theft operations, an officer said Friday.

They were nabbed for allegedly smuggling crude oil and illegally refining diesel, Adegoke Ebo, head of the Nigerian Navy Ship (NNS) Pathfinder, said in the southern city of Onne in Rivers state, while handing over the suspects and items to the Economic and Financial Crimes Commission (EFCC) on Friday.

To continue reading, please click here.

Source: newsghana.com.gh

Advertisements

IOCs, others raise alarm as vandalism, oil theft rise in Niger Delta

BY UROWAYINO WARAMI

There are indications that Nigeria has lost significant oil as a result of increasing pipeline vandalism and oil theft in the Nigeria Delta.

Investigation by Vanguard over the weekend showed that many oil companies, including the International Oil Companies, IOCs and indigenous producers have been affected.

To continue reading, please click here.

Source: vanguardngr.com

Combating piracy on Nigerian waters

By Chinweisu Amuta

Globally, the International Maritime Bureau (IMB) Piracy Reporting Centre, based in Singapore, recorded 201 incidents of maritime piracy and armed robbery in 2018, up from 180 in 2017. The Gulf of Guinea remained increasingly dangerous for seafarers as reports of attacks in waters between the Ivory Coast and the Democratic Republic of Congo more than doubled in 2018.

The expansion of piracy in the Gulf of Guinea poses a dire threat to local economies, potentially undermining what little stability currently exists in the region. Oil revenue, which many countries in the region rely upon, is seriously threatened by pirate activity; seven per cent of Nigeria’s oil wealth is believed lost due to such criminality.

To continue reading, please click here.

Source: guardian.ng