Rising Oil Theft And Matters Arising

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Rising Oil Theft And Matters Arising
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In the last few weeks, public officials are falling over each other to give grim statistics on the humongous amount of crude oil stolen daily in the country.

Pointedly, the Nigerian National Petroleum Company Limited said it uncovered an illegal 4-kilometer pipeline from Forcados terminal to the sea and a loading port that had operated undetected in the last nine years.

Now that we have finished lamenting, what is the next step? I am impressed by the new drive of the GCEO of NNPC to tackle oil theft but the question remains how far can he go? Our public officials should stop pontificating and do the right thing. They all know the oil thieves but lack the “cajones” to arrest the high-profile criminals because most of them are active participants and beneficiaries.

In my opinion, the recent 4 billion surveillance contract given to the former militant leader, Tompolo is a vote of no confidence on the Nigerian military to protect our pipelines.

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Read more »



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