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Nigeria Loses N16. 25trn to Crude Oil Theft in 11 Years – Speaker

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By Ubong Ukpong, Abuja 

The Speaker of the House of Representatives, Hon. Tajudeen Abbas on Thursday, said that the country lost about $46 billion (N16.25 trillion) to crude oil theft between 2009 and 2020.

The Speaker spoke while inaugurating the ad hoc committee to investigate crude oil theft and loss of revenue.

He said the menace of crude oil theft has drastically hampered the growth of the country’s oil production, with Nigeria losing between 5 to 30 percent of daily crude oil production.

 

He, however, expressed shock that critical agencies in the oil and gas sector such as the Nigeria National Petroleum Company Limited, Nigeria Upstream Petroleum Regulatory Commission, and Ministry of Petroleum Resources among others failed to honour the invitation of the committee.

 

Abbas said the Heads of the agencies are not doing the nation any good by refusing to appear before the parliament to answer questions on the critical aspect of the economy.

Represented by the Chairman of the House Committee on Petroleum Upstream, Hon. Al Hassan Ado Doguwa, the Speaker said if decisive action was not taken to address the issue, the country may be thrown into a deeper fiscal crisis due to dwindling revenue from the oil and gas sector.

Quoting data from the Nigeria Extractive Industries Transparency Initiative (NEITI), the Speaker said Nigeria’s oil production declined from 2.51 million barrels per day in 2005 to 1.77 million barrels per day in 2020.

He said “NEITI reports also show that 619 million barrels of crude valued at $46 billion were stolen in the period 2009-2020”, adding that “Nigeria has continually failed to meet its daily production quota as set by the Organisation of the Petroleum Exporting Countries (OPEC).”

Abbas explained further that “recently, Nigeria’s OPEC quota was reduced from 1.742 million barrels per day to 1.38 million barrels per day. Yet, the country is still struggling to meet this quota as daily production output was 1.184 million barrels per day and 1.249 million barrels per day in May and June 2023 respectively. 

“On average, current daily production output is a far cry from the budget assumption of 1.69 million per day. The implication is clearly manifest in the economic crisis that the country is facing.”

While saying that the nation faces a major fiscal crisis, the Speaker said that global recovery from the COVID-19 pandemic and the ongoing war between Russia and Ukraine has continued to cast a cloud of uncertainty on the oil and gas industry in the country.

He said “While the average international price for Brent crude oil has hovered slightly above the set benchmark price since January, Nigeria’s daily oil production has performed poorly due to a number of reasons. 

“It is common knowledge that investment in the oil and gas sector has declined in the past few years owing to global financing constraints and the overall response to energy transition considerations. 

“However, we must agree that the greatest challenge to optimizing crude oil production in Nigeria is the grand scale oil theft that has plagued the sector for the past 2 decades. 

Speaker Abbas said the House is aware of several efforts by past – administrations to address the menace of crude oil theft with a number of task forces, special committees, and investigative panels set up in the past, each with a wide range of findings and recommendations. 

He said “NEITI provides yearly updates on the amount of crude oil stolen or lost through sabotage. Yet, the menace of oil theft has continued unabated despite the enormous resources already committed to addressing it.”

In his remark, the Chairman of the Committee, Hon. Alhassan Usman Rumrum, said the volume of losses occasioned by oil theft in the country and its associated impact on the economy is completely unacceptable and cannot be tolerated by any government that sincerely loves its citizens. 

He said “The way and manner this act of sabotage and breach on our national security and sovereignty is carried out daily makes a caricature of our pride as a nation and even a mockery of the acclaimed status of our armed forces.

“It is an affront to government and its institutions, which must be tackled without further delay.

“It is in the light of these that the House constituted this committee and is determined to bring this ugly trend to an end otherwise there may be no future for our remaining children who have not yet ‘Japa’ to other countries in search of survival.

“To members of the armed forces/security agencies, all Nigerians in the various states, host communities and even in the diaspora who are involved in this practice, I challenge you all to have a rethink. We have no other country to call our own, let us therefore not push this madness to a point of no return where we may find nowhere to run to.”

While commending the President for the courageous steps so far taken to rebuild the country, Rumrum said “These efforts will be in vain unless we make a resolute statement and send a powerful message through both words and actions, declaring that oil theft and all form of hydrocarbon unaccountability will not be tolerated under this administration. 

“Only then can our people confidently and joyfully embrace a renewed sense of hope and purpose”.

Also speaking, a representative of the Nigeria Police Force, Mr Alabi Abiodun, said the police have put in place a task force to assist other security agencies in arresting those attacking oil facilities. 

In addressing the menace, Abiodun said perpetrators of the act should be handed over to the Nigerian police to prosecute them effectively.

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Don’t Diminish Your Influence by Your Actions, Shehu Sani Tells NASS Members

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A former member of the Senate, Shehu Sani, has cautioned the National Assembly against allowing its influence to be diminished by its actions.

Sani stated this while speaking at the opening of the National Assembly Legislative Aides’ Forum (NASSLAF) Week on Tuesday in Abuja.

The pro-democracy activist also urged the legislators to selflessly live up to their responsibilities, for the good of the country.

According to him, a subservient posture by the legislature is not in the interest of the country, warning that such can impede good governance and undermine democracy.

Sani compared the current national assembly with the Eighth Assembly, led by Sen.

Bukola Saraki, praising it (Eighth Assembly) for standing firm against executive’s overreach.

He observed, with dismay, that the powers of the national assembly appeared to be eroded with time.

“In our time, it was unthinkable for heads of MDAs to ignore our summons. They understood the gravity of our oversight functions,” he said.

Sani warned that the current assembly risked becoming a “rubber stamp” for the executive, sacrificing its independence and weakening democratic checks and balances.

Sani, therefore, cautioned the lawmakers against prioritising their personal gains over their constitutional responsibilities.

“This institution needs respect. If you turn yourselves into stooges, you will lose that respect. Our era defended legislative independence, but it came at a cost,” he said.

The former senator further stated that their insistence on doing the right thing birthed frosty relationships with the executive and caused delay in bills’ passage, warning that excessive cooperation was dangerous, as it could breed tyranny.

Sani cited instances where heads of MDAs openly challenged lawmakers during oversight functions, a behaviour which, he said, would not have been tolerated by previous assemblies.

“The senate president must ensure that nominees for appointments and executive proposals undergo serious scrutiny. This is not a place for automatic approval,” he stated.

Sani reminded the lawmakers that their primary duty was to serve Nigerians, not the presidency.

Sani also acknowledged what he called the vital but often over-looked roles of legislative aides, describing them as the backbone of the legislature, instrumental to drafting laws and policies for the country’s governance. (NAN)

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Court Remands Man, 50, for Alleged Unlawful Possession of Gun

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An Iyaganku Magistrates’ Court, Ibadan, on Tuesday remanded a 50-year-old man, Ismaila Aborode, in a correctional facility for allegedly being in possession of a gun, life and expended cartridges.

Aborode, whose address was not provided, was charged with unlawful possession of firearms.

The Magistrate, Mrs Gladys Oladele did not take the plea of the defendant for want of jurisdiction.

She directed the police to return the casefile to the Director of Public Prosecution (DPP) for legal advice.

She adjourned the case until Jan. 7, 2025, for mention.

The Prosecutor, Sgt. Samuel Owolabi told the court that the defendant allegedly committed the offence on Nov.

30, about 5.00 p.m, in Olede area of Ibadan.

Owolabi said the defendant unlawfully possessed one locally made double barrel gun, one life cartridge and one expended cartridge, without lawful authority.

He said the offence contravened Section 3 of the Robbery and Firearms Laws of Nigeria, 2004. (NAN)

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Police Trust Fund Begins Construction of Divisional Station in Kogi

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From Joseph Amedu, Lokoja

The Nigerian Police Trust Fund has commenced the construction of a modern Divisional Police station to enhance the security of Ekin-Adde community in Ijumu Local Government area (LGA) of Kogi.

The Executive Secretary, the Nigerian Police Trust Fund, Alh.

Mohammed Seidu, who performed the Groundbreaking over the weekend in Ekinrin-Adde, said the project would enable police personnel to have a good working environment towards a more secure society.

According to him, Kogi is strategically located at the Centre of Nigeria and Ijumu LGA borders four States, and it is key to locate such a divisional station in the area.

He commended the Inspector General of Police (IGP), Kayode Egbetokun for his continued support in the agency’s efforts to strengthen and provide better welfare and good working conditions for the Nigerian Police.

This, he said, had been enabling the police personnel to perform effectively in protecting the lives and property of the people.

He assured that such a project would be relocated nationwide across the 36 States of the federation including FCT.

Seidu urged the contractor to do a quality job and ensure strict compliance with the specified standard, and deliver the project within the timeframe of four months.

In his remarks, the Kogi Commissioner of Police, Bethrand Onuoha said the command was happy for the gigantic project as it would take security closer to the people at the grassroots.

“You can see that this area actually requires more security presence, and when this project is completed it will attract larger personnel to this place.

“A good working and enabling environment will bring out the best in our personnel. On our side, we are going to redouble our efforts to make sure this area is safe and secured,” Onuoha said.

The CP stressed that the police and other security agencies are committed to doing their best to make sure that Kogi remains safe especially during this festive season.

The Chairman of Ijumu LGA, Alh. Haruna Ibrahim, commended the police trust fund for the gesture, and promised to support and create an enabling environment for the success of the project.

In his address, the Olu-Ade of Ekin-Adde, HRM, Oba Anthony Bamigbaiye commended the police trust fund for the gesture, saying it was a thing that the community had been yearning for.

The royal father noted that the community with over 25,000 populations had only one policeman to secure the entire community.

He stressed that the divisional station would foster economic development and security of lives and property of the people in his domain and the entire Ijumu LGA.

The traditional ruler specifically appreciated the Executive Secretary of the police trust fund being an indigene of the community for facilitating the project to boost the security of lives and property of the people.

The Project Contractor, Alh. Toyin Abubakar of RASWAS Nig. Ltd promised to execute a quality job and delivered within the timeframe by the end of March 2025

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