A coalition of Ethnic Youth Leaders under the aegis of Council of Ethnic Youth Leaders of Nigeria have demanded that the federal government should sanction Shell Petroleum Development Company (SPDC) for its involvement in the alleged diversion of about 16million barrels of crude oil.
The Ethnic Youth Leaders, who made the call at a Press Conference in Abuja yesterday, disclosed that the oil diversion occurred at the Bonny Oil Terminal through the use of a manipulated and unapproved metering system, thereby understating the volume of crude oil that was pumped to the terminal.
According to the youth leaders, which included National President of the Niger Delta Youth Council; leaders of the Arewa Consultative Youth Movement; Oduduwa Youths; Middle Belt Youth Council and Ohaneze Ndigbo Youth Movement, “Shell Petroleum Development Company (SPDC) misdirected the federal government of Nigeria into expending scarce resources in monitoring and combating pipeline vandalism and oil theft, without knowing that Shell is responsible for the decline in crude oil revenue by its action of using unapproved metering system.
They also stated that the Department of Petroleum Resources (DPR) had earlier investigated the matter and SPDC committed to refund about 2.1 million barrels of crude to some local oil companies, but have failed to do so till date.
They further disclosed that they have also written to the President of the Federal Republic of Nigeria, the Attorney General of the federation, the EFCC and other regulatory bodies to take urgent and necessary actions against Shell Petroleum Development Company and its other collaborators.