The Academy of International Affairs, a body of eminent and retired professionals and scholars in diplomacy and international affairs
, has frowned on what it called the disturbing trend of ‘horrible’ oil thefts with severe consequences..., has frowned on what it called the disturbing trend of ‘horrible’ oil thefts with severe consequences and has called for a judicial inquiry into the incidence of oil bunkering.
“From investigations carried out by reputable organisations, including past Report of Justice Ayo Irikefe Tribunal of Inquiry of 1978/79 on the loss of billions of oil revenues, it is obvious that some foreign oil companies, whose pipelines have been tapped and vandalised between their production fields to their export terminals, have also been involved in the oil scandals, particularly, as they connive with the criminals by keeping mute while Nigerian oil is being illegally bunkered and...
“Shortly before then, in July 1971, Nigeria became a member of the Organisation of Petroleum Exporting Countries and has been playing noticeable roles, including offering three Nigerian personalities who made our country proud as past Secretary-General of the organisation. “Is it not a big shame that a private company, Tanita Security Services Limited, owned by High Chief Government Ekpemupolo, popularly known as Tompolo, had to be employed where Nigerian security failed, and Tompolo’s company discovered and unfolded ‘hidden,’ though an open secret, export pipelines being utilised by oil thieves to illegally bunker our vital resources?
“Nigeria depends so much on revenues from petroleum to meet both its yearly budgets, development plans, payments of its debt, as well as its international obligations. With the current high price of crude oil in the world market, it is a great opportunity for Nigeria to meet its OPEC quota and earn good money to balance its budgets, put an end to deficit financing, and foreign debt and improve the country‘s economy so that it will no longer be called the poverty capital of the world.
“Yet, there are many sources of leakages in the economy, such as financial frauds by certain government officials, in addition to oil thefts and illegal bunkering that should be tackled frontally, instead of focusing on reducing, rather than strengthening, our Diplomatic Missions abroad.
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