After the discovery of crude oil in commercial quantity in Oloibiri Bayelsa State, the challenge of oil theft has persisted untamed. From the creeks in
Year after year, oil theft has continued to be a source of worry to the Nigerian government.
However, speaking on the recent surge against oil theft, an expert has told DAILY POST that the ‘renewed’ clampdown could be a deliberate effort by the federal government to justify its oil revenue shortfall in the period under review. The Nigerian Upstream Petroleum Regulatory Commission revealed that most oil theft activities emanate from Bonny Terminal Network, Forcados Terminal Network and Brass Terminal Network. The Implication of the activities of oil theft has far-reaching negative effects on the Nigerian economy.
He disclosed that if the government genuinely wants to tackle the menace, a transparent and thorough investigation by third parties, unconnected to state apparatus should be set up.
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