The House said it would introduce legislative instruments to halt crude oil theft.
has resolved to introduce legislative instruments to halt crude oil theft, which led to loss of over $1 billion in revenue.
The report was referred to the Ad-hoc Committee chaired by Kabiru Rurum, following the adoption of a motion sponsored by Phillip Agbese He lamented that the scourge of oil theft impedes government’s ability to carry out critical projects for Nigeria’s prosperity.He added that it hindered the ability of government to procure loans from development partners for expenditure on critical developmental projects.
He noted that the figures had risen since then, while decrying the allegation that security agencies were allegedly complicit and largely responsible for facilitating most of the oil theft in the Niger Delta.
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