Business
FG Impounds Ship With Stolen Crude
The Federal Government has confirmed that its security
forces seized a ship carrying 300 tonnes of illegally refined diesel and
arrested 11 people as part of efforts to curb oil theft that officials estimate
siphon about one-fifth of the country’s
output.
Oil theft from
Nigeria is a major cause of complaint from oil companies and the finance
ministry, both of which lose revenue from thieves hacking into pipelines in
operations known as “bunkering”. The oil is sold abroad as crude or refined for
the local market.
According to the
Economic and Financial Crimes Commission (EFCC), on August 15, 2012, the
commission took possession of an illegal oil bunkering vessel suspected to be
carrying 300 metric tonnes of illegally refined
diesel.
It said the boat had been chased by authorities last week
but had escaped, although one of its crew died when he fell over the side. The
vessel was later tracked and seized. .However, the captain of the ship escaped,
it added.
Owing to an amnesty in 2009, militancy in the swamps and creeks
of the Niger Delta had calmed down but theft
intensified. According to Royal Dutch Shell bunkering siphons at least
150,000 barrels of oil per day from Nigeria’s two million barrel per day
production.
Business
NCDMB, Jake Riley Empower 250 Youths On Vocational Skills
Business
NUJ Partners RSIRS On New Tax Law Education
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
-
Maritime8 hours agoCustoms Hands Over Seized Cannabis Worths N4.7bn To NDLEA
-
Maritime9 hours agoOver 6,223 Seafarers Abandoned In 2025 – Says ITF
-
News10 hours agoNLC Threatens Nationwide Protest Over Electoral Act Amendment
-
News10 hours agoTinubu Embarks On Two-Day State Visit To UK, March 18
-
Politics7 hours agoI DEFECTED OUT OF CONVICTION …NO ONE COULD’VE IMPEACHED MY LATE DEPUTY ~ DIRI
-
Politics7 hours agoWe’ve Not Recognized Any PDP Faction — INEC
-
Oil & Energy8 hours agoTake Concrete Action To Boost Oil Production, FG Tells IOCs
-
Environment5 hours agoRivers State Government Suspend Fire Service Collection Levies
