Julia Smith
Mon, Aug 28, 2023 1:10 PM

Illicit Oil Connections Discovered in Owaza, Abia: A Blow to Nigeria's Economy

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Illicit Oil Connections Discovered in Owaza, Abia: A Blow to Nigeria's Economy
An oil theft situation assessment team led by Minister of Defence Malam Muhammed Badaru has uncovered illicit oil connections in Owaza, Abia. The Nigerian National Petroleum Company Ltd. reports a monthly loss of $7.2 million due to this unauthorized connection. The team highlighted the need for collective action to combat crude oil theft and economic sabotage in the Niger Delta region.

Abuja, Aug. 27, 2023 - An oil theft situation assessment team, commissioned by President Bola Tinubu and deployed to the Niger Delta, made a startling discovery of an illicit oil connection in Owaza, Abia. The Nigerian National Petroleum Company Ltd. has reported that this unauthorized connection results in a monthly loss of around 7.2 million dollars for Nigeria.

The delegation, led by Minister of Defence Malam Muhammed Badaru, included service chiefs and Minister of State for Petroleum Resources (Oil) Sen. Heineken Lokpobiri, among others. During their visit to Owaza, the team encountered a series of dismantled illegal connections along the Trans-Niger Pipeline Right of Way.

Malam Badaru emphasized the need for a peaceful Niger Delta and called for an end to crude oil theft and economic sabotage. Mele Kyari, the Group Chief Executive Officer of NNPC Ltd., highlighted the importance of the involvement of oil-bearing communities in curbing theft within their areas. He pointed out that oil theft on vessels can be traced, but addressing theft within communities requires collective action.

Patrick Godwin, Chief Security Officer of Pipeline Infrastructure Nigeria Ltd., reported that arrests had been made and suspects arraigned in connection with the illicit activities. Nuhu Ribadu, the National Security Adviser, praised the collaboration between security agencies, community security contractors, and NNPC Ltd. in their efforts to combat oil theft and economic sabotage. Ribadu stressed the devastating impact of these activities on the environment, livelihoods, and the nation's revenue, which could otherwise contribute to the economy and strengthen the national currency.

Illicit Oil Connections Discovered in Owaza, Abia: A Blow to Nigeria's Economy

An oil theft situation assessment team, commissioned by President Bola Tinubu and deployed to the Niger Delta, made a startling discovery of an illicit oil connection in Owaza, Abia. This unauthorized connection has been causing significant financial losses to Nigeria, draining the nation's economy.

According to the Nigerian National Petroleum Company Ltd. (NNPC Ltd.), the illicit connection in Owaza results in a monthly loss of approximately $7.2 million for the country. This staggering amount emphasizes the urgent need for action against crude oil theft and economic sabotage.

The assessment delegation, led by Minister of Defence Malam Muhammed Badaru, consisted of key figures like service chiefs and Minister of State for Petroleum Resources (Oil) Sen. Heineken Lokpobiri. Their visit to Owaza revealed a disturbing sight - a series of dismantled illegal connections along the Trans-Niger Pipeline Right of Way.

Malam Badaru, during the visit, stressed the importance of fostering peace in the Niger Delta region. He called for an immediate end to crude oil theft and economic sabotage that cripple the nation's revenue and hinder its progress. The involvement of oil-bearing communities in curbing theft within their areas is vital, as highlighted by Mele Kyari, the Group Chief Executive Officer of NNPC Ltd.

Kyari emphasized that while oil theft on vessels can be traced, addressing theft within communities requires collective action and cooperation from all stakeholders. It is crucial to tackle the issue at its root and prevent further revenue losses that impact the entire country's economy.

The efforts to combat these illicit activities have already yielded some positive results. Patrick Godwin, Chief Security Officer of Pipeline Infrastructure Nigeria Ltd., reported that arrests have been made and suspects arraigned in connection with the illegal oil connections in Owaza.

Nuhu Ribadu, the National Security Adviser, commended the collaborative efforts of security agencies, community security contractors, and NNPC Ltd. in their relentless pursuit to counter oil theft and economic sabotage. Ribadu stressed the devastating consequences of such activities, which go beyond financial losses.

These illicit activities pose significant threats to the environment, livelihoods, and the overall development of the nation. The revenue lost due to oil theft could have been utilized to bolster the economy, infrastructure, and social programs, ultimately uplifting the lives of Nigerian citizens.

It is imperative that the fight against crude oil theft and economic sabotage continues with intensified vigor. The discovery of illicit oil connections in Owaza serves as a wake-up call to all stakeholders, urging them to work collectively and take all necessary measures to safeguard Nigeria's vital resources and secure its future.

Source of content: OOO News 2023-08-28 News

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