The Nigerian National Petroleum Corporation (NNPC) has unveiled its strategy to address the prevalent crude oil theft and illicit truck-out of petroleum products in the country.
Mele Kyari, Group Managing Director of the Nigerian National Petroleum Corporation, in a statement issued yesterday (Wednesday) in Abuja disclosed that NNPC is collaborating with Nigeria law enforcement agencies and other relevant downstream and upstream stakeholders to curb the menace of petroleum products smuggling and crude oil theft.
According to him, the law enforcement agencies include the Economic and Financial Crimes Commission, Department of State Services, Nigeria Police Force, Nigeria Customs Service and Nigeria Security and Civil Defence Corps.
He identified crude oil theft and illicit truck-out of petroleum products as the major economic crimes that had hindered Nigerians from enjoying the benefits of subsidised petroleum products, and therefore urged all industry stakeholders to partner with the Nigerian National Petroleum Corporation to ensure that the daily national petroleum products consumption, which shot up to 102Million litres in the month of May was brought down to realistic levels of around 60Million litres, noting that the volume of petrol was not consumed by Nigerians alone.
He stressed that crude oil theft and illicit truck-out of petroleum products brings extra cost burden on Nigeria both in terms of safety and security of supply, and in securing of foreign exchange.
In his speech, Abdulrasheed Bawa, Executive Chairman of the Economic and Financial Crimes Commission (EFCC) said his Commission will partner with the Nigerian National Petroleum Corporation to bring all those involved in the economic sabotage to book.
The major marketers association of Nigeria and other stakeholders also expressed their readiness to partner with the corporation.