Nigerian Military Cracks Down On Oil Theft, Seizes 700,000 Stolen Liters Of Crude

April 14, 2024
Nigerian Military Cracks Down On Oil Theft, Seizes 700,000 Stolen Liters Of Crude

The Nigerian military has intensified efforts to tackle the rampant issue of oil theft in the Niger Delta region, with a recent operation resulting in the recovery of approximately 700,000 liters of stolen crude oil.

Major-General Edward Buba, the Defence spokesperson, revealed the success of the week-long operation aimed at eliminating oil theft and ensuring national security.

Join our WhatsApp Channel

“In the past week, our security forces have made significant strides in combating oil theft and related criminal activities in the Niger Delta region,” stated Major-General Buba during a press briefing in Abuja.

The operation, which involved coordinated efforts by security forces, led to the apprehension of 36 suspected oil thieves and the release of 133 individuals who were held captive. Additionally, security forces seized a substantial cache of weapons, including 270 firearms and over 5,000 rounds of ammunition, further crippling the operations of criminal syndicates involved in oil theft.

“Troops demolished 51 dugout pits, 24 boats, 21 storage tanks, and dismantled over 20 unlawful oil refining facilities,” Major-General Buba added, emphasizing the decisive action taken against illegal operations.

Furthermore, the military spokesperson revealed that suspected proceeds from oil theft amounting to approximately N637.7 million were confiscated during the operation, dealing a significant blow to the financial networks supporting such criminal activities.

READ ALSO: Oil Theft, Vandalism Plague Nigeria’s Oil Production, OPEC Reports Decline To 1.23mbpd

Highlighting the broader scope of the military’s operations, Major-General Buba emphasized the simultaneous efforts to combat terrorism in the North, resulting in the capture of numerous suspects and the seizure of weapons.

“The armed forces remain resolute in their commitment to eradicate terrorism and insecurity across the country,” affirmed Major-General Buba, underscoring the determination to ensure the safety of citizens.

The prevalence of oil theft in the Niger Delta region continues to pose a formidable challenge, impacting Nigeria’s oil production and revenue generation. With the country falling short of its OPEC quota due to rampant oil theft, experts stress the urgent need for decisive action to safeguard national security and revitalize the economy.

“Combatting oil theft is not only crucial for national security but also vital for sustaining Nigeria’s economic stability,” remarked experts, emphasizing the multifaceted implications of the illicit activity.

As the Nigerian military intensifies its crackdown on oil theft and related criminal networks, the government remains steadfast in its commitment to eliminating illicit activities and promoting sustainable development across the country.

emmmmmm
+ posts

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Chidoka Faults Nigeria's Quota System In School Admissions
Previous Story

Chidoka Faults Nigeria’s Quota System In School Admissions

We Didn't Issue Strike Notice - NLC
Next Story

Minimum Wage: NLC Proposes Fresh N615,000 Monthly

Featured Stories

Latest from Business News

Ruto Signals Deeper AFC Role in Kenya’s Lamu Refinery Push

Written by Amanze Chinonye Kenya has increased its shareholding in the Africa Finance Corporation (AFC) by $25 million (3.25 billion shillings), President William Ruto said on Saturday during a visit to the pan-African lender’s headquarters in Lagos, as Nairobi seeks financing for major
Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

TOR Secures 950,000 Barrels of Sankofa Crude to Sustain Operations

Written by Amanze Chinonye Tema Oil Refinery (TOR) has secured 950,000 barrels of locally produced crude from Ghana’s Sankofa-Gye Nyame field, providing fresh feedstock as the refinery works to sustain operations and increase fuel production for the domestic market, Prime Business Africa reports.

Gambia Orders Banks to Replace Non-Gambian Staff by Year-End

Written by Amanze Chinonye The Central Bank of The Gambia has directed commercial banks to phase out non-Gambian employees and replace them with suitably qualified Gambian nationals by Dec. 31, as the regulator tightens enforcement of rules governing expatriate employment in the banking

Dangote, Ethiopia and Djibouti Unveil $660m Fuel Pipeline Plan

Written by Amanze Chinonye Ethiopia, Djibouti and Nigerian industrialist Aliko Dangote plan to invest $660 million in a refined petroleum products pipeline connecting the two East African countries, seeking to lower fuel transportation costs and strengthen energy security. Join our WhatsApp Channel The

Lithium: Will Nigeria Repeat the Oil Curse?

Written by MARCEL MBAMALU There is a road out of Lafia where trucks leave every night loaded with stones that will power Tesla batteries in Berlin and solar storage in Beijing, but cannot power the village they left. That is the story of
Chidoka Faults Nigeria's Quota System In School Admissions
Previous Story

Chidoka Faults Nigeria’s Quota System In School Admissions

We Didn't Issue Strike Notice - NLC
Next Story

Minimum Wage: NLC Proposes Fresh N615,000 Monthly

Don't Miss

Russian Missile, Drone Strike on Kyiv Region Kills Four, Wounds 15

A combined missile and drone attack on the Kyiv region
IMG WA

Ekiti 2025 Budget Will Focus On Food Security, Wealth Creation – Gov Oyebanji

Ekiti State Governor, Mr. Biodun Oyebanji, has stated that the