Tag: oil theft

Armed Forces Neutralize 286 Terrorists, Arrest 244, and Foil Oil Theft in Operations

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Major-General Edward Buba, the Director of Defence Media Operations, during a bi-weekly media briefing, has revealed that troops of the Armed Forces of Nigeria have recorded significant achievements in various theatres of operation. The operations resulted in the neutralization of 286 terrorists, the arrest of 244 individuals, and the apprehension of 83 perpetrators of oil theft. Additionally, 122 kidnapped hostages were rescued. Major-General Buba stated that troops of Operation Delta Safe successfully thwarted oil thieves in the Niger-Delta region, preventing the theft of crude oil worth over N2.5 billion. The…

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Parliamentary Committee Proposes Legislation to Engage Private Security in Safeguarding Oil Installations

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In a bid to address the persistent challenges of crude oil theft and security concerns around the nation’s oil and gas facilities, the Chairman of the House of Representatives Special Committee on Oil Theft/Losses, Hon Alhassan Ado-Doguwa, has announced plans to introduce legislation aimed at bolstering the involvement of private security outfits. The announcement was made during an on-the-spot assessment conducted by Ado-Doguwa and other chairpersons of oil and gas-related committees. The delegation inspected vessels apprehended by Tantita Security Services Nigeria Limited, a private security outfit collaborating with security agencies…

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Nigerian Forces Neutralize 99 Terrorists, Apprehend 198, and Thwart Oil Theft in Ongoing Military Operations

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Major General Edward Buba, the Director of Defence Media Operations, has revealed that Nigerian troops have successfully neutralized 99 terrorists, apprehended 198 individuals, and thwarted oil theft operations. Providing updates on ongoing military activities in various regions of the country in Abuja, he also stated that 49 perpetrators of oil theft were arrested, and 139 kidnapped hostages were rescued. In the South-South region, the troops prevented oil theft amounting to One Billion Eighteen Million Four Hundred and Eighty-Three Thousand Nine Hundred Naira (N1,018,483,900.00). Additionally, the forces recovered 141 assorted weapons…

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House Speaker Tajudeen Abbas Asserts Zero Tolerance for Low Performance and Lack of Remittances

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The Speaker of the House of Representatives, RT Honorable Tajudeen Abbas, has declared that the House will not accept subpar performance from agencies or a failure to demonstrate evidence of required remittances to the Federation Account. Speaking in Abuja during the inauguration of the House Special Committee on Crude Oil Theft, Abbas emphasized the House’s commitment to closely monitoring and rigorously overseeing the activities of all revenue-generating agencies to ensure compliance. Abbas highlighted the severe consequences of crude oil theft, including revenue loss, environmental disasters, threats to regional peace and…

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Speaker of the House of Representatives Reveals Alarming $46 Billion Loss to Crude Oil Theft from 2009 to 2020″

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During the inauguration of an ad hoc committee tasked with investigating crude oil theft and revenue loss, Speaker of the House of Representatives, Tajudeen Abbas, disclosed that Nigeria suffered substantial losses amounting to $46 billion (equivalent to N16.25 trillion) due to crude oil theft between 2009 and 2020. Speaker Abbas, in his address, highlighted the detrimental impact of crude oil theft on the country’s oil production, emphasizing that between 5% and 30% of crude oil production is lost daily to this menace. Expressing his astonishment, the Speaker noted that key…

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