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NNS Pathfinder Arrests 18 Oil Theft Suspects
No fewer than 18 suspected illegal oil bunkers, speciliased in stealing crude oil from Niger Delta and sending same to Ghana, have been arrested by the Nigerian Navy ship, NNS pathfinder.
While handing the 18 suspects over to the Nigeria Police, Rivers State Command, Wednesday, the Executive Officer, NNS Pathfinder, Captain Adegoke Ebo, revealed that the leader of the team and Managing Director, (MD) Progress Incorporation, Osimili Adah were among those arrested and have since provided useful information to the security agencies.
Captain Ebo noted that two other vessels, MT APECUS and MT INVICTUS, used by the suspects for illegal activities were also impounded during the exercise.
According to him, the arrests were made based on a tip off on the kidnap of five foreign nationals and two Nigerians four weeks ago.
He said, “the arrest was premised on the knowledge that the suspects had credible information on the pirate attack reported on board MT APECUS on the 19th of April 2019 where five Indians and two Nigerians were abducted and taken away to an unknown creek in Bayelsa.
All these point to a suspected illegal activities as our preliminary investigations and self-confession by Mr Osimili Adah revealed that he’s been actively involved in souring stolen crude oil from Nigerian Creeks to Platinum Gas Oil Refinery in Tema, Ghana.’’
Captain Ebo also disclosed that the MT APECUS has been engaged in illegal activities in Nigeria since 2019 without formal authorization, under different names and flags over the years.
‘ ‘It was found that the vessel has changed name and the flag under which she operates no fewer than 15 instances. He attested to his involvement in the alleged economic and maritime related crimes and evidence available to us suggests that illicit crimes have been going on for a while. We have the names of facilities and accomplices. The suspects have just given the Nigerian Navy substantial information as well as evidence”
Tonye Nria-Dappa
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.