Sentences with phrase «oil theft»

A statement signed by the Director of Naval Information, Commodore Christian Ezekobe said «The raid is in continuation of the Chief of the Naval Staff's strong resolve to stamp out all forms of crude oil theft, pipeline vandalism, illegal refineries and other unwholesome activities that have impacted negatively on the security and economic development of Nigeria.

He said, «As we support the current government in fighting the scourge called corruption, we must not forget or fail to ask questions on how over N5.8 trillion is being siphoned by a disguise of oil theft under the immediate past administration.

He also told his guest that Germany could help curb oil theft in Nigeria through assistance in the areas of equipment, training and sharing of intelligence with the Nigerian Navy.

The Nigerian Navy said on Wednesday that its anti-crude oil theft operation in the Niger Delta region moved recorded success with the arrest of 2 suspects by a patrol team deployed by NNS Delta.

In continuation of the anti-crude oil theft operations of the Nigerian Navy in the Niger Delta, patrol teams deployed by the Service have raided and destroyed more illegal bunkering and refinery sites.

Meanwhile, in its commitment to fight against oil theft, illegal bunkering and other illegal activities in the Niger Delta.

Aregbesola also charged the organization to make an enquiry into how the country lost over N5.8 trillion between 2013 - 2015 to oil theft under the immediate past administration of former President Goodluck Jonathan.

A Singapore court on Saturday charged three men suspected of involvement in large - scale oil theft at Shell's biggest refinery, days after bringing

A Singapore court on Saturday charged three men suspected of involvement in large - scale oil theft at Shell's biggest refinery, days after bringing Bhutan not the sole sufferer, Beijing is bullying other nations too

The former Lagos State governor argued that Jonathan was allegedly responsible for oil theft and that he should be removed by all Nigerians during presidential election.

* Promises to overhaul the judicial system * Decries oil theft in Niger Delta * Judiciary should be monitored — SERAP

We are all aware of former President Jonathan's oil theft claims where it was reported that over 2million barrels of crude oil were being stolen everyday.

The EFCC should collaborate with the lawyers to recover the missing fund and prosecute the transnational oil companies involved in the grand oil theft.

(k) Under the Jonathan administration it was estimated that the nation was recording oil theft worth $ 7 billion to criminals annually.

At that time, Southwest States were battling with the high rate of immolation while some Southeast people considered having baby factory as a profitable business and majority of Ijaw youths as at then seeing kidnapping and oil theft as sources of income.

Olonishakin expressed optimism that the 25 gunboats newly acquired by the Nigerian Navy would help in drastically reducing oil theft, sea piracy and other forms of illegalities in the nation's maritime environment.

While handing over the suspects to the EFCC, Commodore W. O Kayoda, Commander of NNS Pathfinder said that, the suspected oil thieves were arrested on 6 February, 2017 by the Nigerian Navy Ship's patrol team deployed for Anti-Crude Oil Theft / Illegal Oil Bunkering operations around Taraba Jetty, Borokiri, Port Harcourt, Rivers State.

According to Agence France - Presse, the Nigerian government loses an estimated $ 7 billion to oil theft yearly — but the impact on communities and the environment of this illegal trade is harder to quantify.

Companies that come into confrontation with agrarian communities can face worse than just work stoppages — a small number of disgruntled ejidatarios have been known to resort to oil theft from pipelines.

The Nigerian Navy disclosed yesterday that challenges plaguing Nigeria's maritime environment have become more organized with local and international syndicates combining to wreak havoc in the areas of crude oil theft, drug trafficking as well as terrorism.

The joint military exercise code named «African Winds» and spearheaded by the Nigerian Navy, is designed to improve the capacity of Nigeria's armed forces in its war against oil theft and other criminal activities in the creeks and high seas.

It would be recalled that issue of oil theft and pipelines vandalism was extensively discussed few months ago when Dr Kachikwu, then the Group Managing Director (GMD) of the NNPC, visited the DHQ.

Protests in Libya and oil theft in Nigeria have reduced global supply and violence in Iraq has led to concerns that oil production may be cut from the country in the future.

In this context, oil theft, vandalism, seizures and riots reduce profit from African oil.

He said: «In recent years, the socio - economic agitations in the Niger Delta have elicited significant maritime security challenges such as attacks on shipping, kidnapping, crude oil theft, illegal bunkering and refining has remained challenging.

He said that Nigeria was also concerned about the persistent involvement of other nationals in the crude oil theft and piracy activities in the Niger Delta.

The Nigerian government is demanding $ 406.75 million minimum from Shell Petroleum Development Company of Nigeria Limited and its surrogate Shell Western Supply & Trading Limited over alleged crude oil theft.

«The Federal Government of Nigeria has also initiated plans to establish modular refineries and other programmes to curb crude oil theft and to promote youth employment in the region,» the minister said.

The Police at Force headquarters on Friday paraded 13 suspects arrested in the Niger, Delta and Kaduna states in connection with crude oil theft and pipeline vandalism by the IGP's Task Force on illegal petroleum bunkering.

«Both Bille and Ogale are areas heavily impacted by crude oil theft, pipeline sabotage and illegal refining which remain the main sources of pollution across the Niger Delta,» a company spokeswoman said.

He said, «The incessant breaching and vandalisation of pipelines and oil theft have taken direct tolls on oil production and supplies with corresponding adverse effects on the economy of our country.

Further describing the current terrorism challenge as a trying time for Nigeria, the president lauded men of the nation's armed forces for their courage and sacrifices in grappling with the wave of terrorism, oil theft and piracy in some parts of the country, adding that they have displayed unalloyed loyalty and commitment to Nigeria.

He further argued that «oil theft and vandalism remain recurring and very worrisome because these issues are much bigger than oil slide, which is mostly driven by speculation, while these activities affect planning and are more cankerous than price slide.

President Buhari assured the gathering that his administration will deal decisively with the seeming resurgence of oil theft, vandalisation of pipelines and insecurity in the Niger Delta.

The Ministry of Petroleum Resources and the Defence Headquarters (DHQ) are close to perfecting a working relationship between the two organisations towards curbing the menace of crude oil theft and pipelines vandalism.

Oil theft, pipeline vandalism Whether oil prices go bullish soon or not, other stakeholders feel that the benefits of the rise will be lost on Nigeria, if the government does not deal decisively with the twin incidence of pipeline vandalism and oil theft.

The President, Nigerian Association of Petroleum Explorationists, NAPE, Mr. Nosa Omorodion, maintained that «government needs to address the issue of oil theft and pipeline vandalism very fast because, even if price stabilises tomorrow or whenever, we will still not be able to reap the full benefits of that rise.»

Oil Theft, Cattle Rustling: DHQ moves to Tackle Homeland Crimes.

The former Minister stated that investigations by the finance ministry showed an average shortfall of N160 billion per annum, which according to NNPC's explanations was due to oil theft and pipeline vandalism.

He bemoaned over the way and manner at which the nation was governed under the immediate past administration of President Goodluck Jonathan, saying questions must be asked on how the country lost 400, 000 barrels of crude oil in 24 months to oil theft.

The Nigerian Navy disclosed yesterday that challenges plaguing Nigeria's maritime environment have become more organized with local and international syndicates combining to wreak havoc in the areas of crude oil theft, drug trafficking...

«In a related development, a naval patrol team deployed by NNS DELTA has arrested 13 persons suspected to be engaged in illegal oil bunkering, crude oil theft and piracy.

«The boats will enable us meet with stiff opposition sea robbery, crude oil theft and other illegalities within the creeks and waterways,» he said.

He identified the slump in the international oil market price and oil theft in the Niger Delta as main reasons for projecting more revenues to fund the budget from the non-oil sector.

«The boats will be fully mobilized to ensure that oil theft, sea piracy and other forms of criminality is drastically reduced to help accelerate development in the Niger Delta,» he said.

This amount, Soludo said, «has either been stolen or lost or unaccounted for or simply mismanaged under your watchful eyes in the past four years» mostly due to oil theft.

The mandate is «to protect oil and gas infrastructure, deter and prevent sea robbery, crude oil theft and other criminality within the joint area of operation that could impact negatively on economic activities in Niger Delta»

Throughout the Niger Delta, rogue syndicates engaged in industrial - scale crude - oil theft, known locally as bunkering, sell stolen oil in remote creeks and swamps.