fbpx
BusinessNewsOil and Gas

NNPC partners with five security agencies to tackle smuggling, crude oil theft

The Nigerian National Petroleum Corporation (NNPC) is set to join forces with five security agencies in the country to tackle headlong the twin challenges of petroleum products smuggling and other forms of crude Oil theft in the country.

The Corporation is to join forces with the Economic and Financial Crimes Commission (EFCC), Department of State Services (DSS), Nigeria Police Force (NPF), Nigeria Customs Service (NCS), Nigeria Security and Civil Defence Corps (NSCDC).

According to a press release by the Group spokesperson of the Corporation, their collaborative effort alongside other relevant downstream and upstream stakeholders in the petroleum industry is geared towards “tackling the twin menace of petroleum products smuggling and crude oil theft which are negatively impacting the nation’s economy.”

Speaking at a stakeholders’ meeting at the NNPC Towers, Abuja, the Group Managing Director of the NNPC, Mallam Mele Kyari, said the initiative was at the instance of President Muhammadu Buhari who mandated the Ministry of Petroleum Resources, the NNPC, the EFCC and all other security agencies to do everything to stop crude oil theft and illicit truck-out of petroleum products which he described as major economic crimes that have hindered Nigerians from enjoying the benefit of subsidized petroleum products.

Kyari urged all industry stakeholders to work with the Corporation to ensure that the daily national petroleum products consumption which shot up to 102million litres in the month of May is brought down to realistic levels around 60million litres, stressing that it was obvious to all that that volume of premium motor spirit (PMS) was not consumed by Nigerians alone.

“We all agree that smuggling is not a business that should be condoned because even for deregulated petroleum products it brings extra cost burden on the country both in terms of safety and security of supply and in securing of foreign exchange. It even constitutes more burden to the country when the product involved is a regulated product like Premium Motor Spirit (PMS),” Kyari said.

The GMD explained that with the increasing price of crude oil at the global market and the OPEC+ production cuts, the country cannot afford to shoulder the cost of smuggling.

“We all know that our daily consumption is not up to 60million litres. We all know that, and that is why we have to pull it down. We will pull it down by every means necessary,” Mallam Kyari assured.

He said NNPC would, among other things put in place Advanced Cargo Declaration in line with global best practices to tackle the issue of crude oil theft in the country.

Executive Chairman of EFCC, Abdulrasheed Bawa, expressed the readiness of the Commission to work with the NNPC to ensure that all those involved in the economic sabotage were brought to book.

The Major Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association of Nigeria (DAPPMA), Independent Petroleum Marketers Association of Nigeria (IPMAN), Nigerian Association of Road Transport Owners (NARTO), Petroleum Tanker Drivers (PTD) and all the other stakeholders also expressed readiness to work with the NNPC to bring an end to petroleum products smuggling.

Tags
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker