Crude Oil Thieves

The House of Representatives Ad hoc committee on crude oil theft’s investigative report has indicted the nation’s service Chiefs, in the continuing theft of crude oil in the Niger Delta according to a member of the Committee.

The source, who pleaded anonymity, also revealed that the long-awaited Petroleum Industry Governance Bill will be passed by the House between February and March this year.

The piece of modified legislation has been on the floor of the two chambers of the National Assembly, since 2007. “Of course the Service Chiefs, NNPC and IOCs, are not serious enough to stop oil theft, and our report is very clear on that. They have not convinced us that they are not involved in the illicit oil business”, he said.

Crude Oil Thieves Arrested by the Nigerian Navy

The chairman of the Ad hoc committee on crude oil theft, Rep. Peter Akpatason, had earlier told some journalists, that the panel will invite Service Chiefs and other stakeholders in the sector, to explain the continuous pilfering of oil by an alleged cartel in the country.

The Committee alleged the theft of crude oil, with the assistance of some officers of the Nigerian Military and ex-servicemen.

Akapatason who is also the Acting Leader of the House decried the alarming rate of oil theft recently.

He recalled that the Federal Government under the leadership of former president Olusegun Obasanjo had set up a committee to look into oil theft in 2001, which reported that oil theft by a group of highly placed persons posed a threat to the oil sector.

He informed that the committee will hinge its inquiry on 2001 findings to uncover those behind the crime.