The Economic and Financial Crimes Commission has been appealed to by the Nigerian National Petroleum Company Limited to help tackle the menace of crude oil theft in the country, stating that no one is ready to invest in the oil sector due to the menace.<\/p>\n
Mele Kyari, the Group Chief Executive Officer of the NNPCL, made the appeal during an interactive session with the Executive Chairman of the EFCC, Ola Olukoyede, at the NNPC Towers in Abuja on Monday.<\/p>\n
The NNPCL spokesperson, Olufemi Soneye, in a statement, the company\u2019s helmsman was said to have spoken about the efforts by the company to eradicate corruption from its system, to stem crude oil theft and pipeline vandalism.<\/p>\n
Kyari had contended that going by the volume of oil stolen daily and the brazenness with which the perpetrators operate, crude oil theft was the most humongous and virulent economic crime in Nigeria that must attract the attention of the EFCC.
\nAccording to him, \u201cAs we continue to do our best to deepen transparency and stamp out corruption from the system, there is one big challenge that you will need to help us with, Mr. Chairman. That challenge is crude theft. It fits into everything you have said \u2014 the people, the asset, the opportunity, and the absence of deterrence.<\/p>\n
\u201cWe have deactivated 6,409 illegal refineries in the Niger Delta region. Today, we have disconnected up to 4,846 illegal pipes connected to our pipelines, that is out of 5,543 of such illegal connection points. That means there are a vast number of such connections that we have not removed.<\/p>\n
\u201cThese things don\u2019t just happen from the blues. They happen in communities and locations we all know. As we remove one illegal connection, another one comes up. It is sad, Mr. Chairman.\u201d
\nAccording to him, this kind of oil theft does not happen anywhere else in the world.<\/p>\n
\u201cWhen we say illegal connections, they are not invisible things, they are big pipes that require some level of expertise to be installed. Some of them are of the same size as the trunk line itself. No one would produce crude oil knowing full well that it is not going to get to the terminal. That is why nobody is putting money into the business. So, you can\u2019t grow production.\u201d<\/p>\n
\u201cI believe, personally, that the very purpose of your commission is to curtail economic crimes, and there is no bigger economic crime of this scale anywhere else than what is happening in this area,\u201d the GCEO lamented.<\/p>\n
Olukoyede, the EFCC boss, speaking was said to have expressed satisfaction with NNPCL\u2019s commitment to issues of ethics and code of conduct.<\/p>\n
The management was challenged by him to ensure that the codes of ethics and regulations are complemented with monitoring and enforcement to enhance deterrence.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The Economic and Financial Crimes Commission has been appealed to by the Nigerian National Petroleum Company Limited to help tackle the menace of crude oil theft in the country, stating that no one is ready to invest in the oil sector due to the menace. Mele Kyari, the Group Chief Executive Officer of the NNPCL, […]<\/p>\n","protected":false},"author":24,"featured_media":22897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[223,505],"class_list":["post-22893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-efcc","tag-nnpcl"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/22893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=22893"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/22893\/revisions"}],"predecessor-version":[{"id":22898,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/22893\/revisions\/22898"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/22897"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=22893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=22893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=22893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}