The House of Representatives Special Committee on Crude Oil Theft and Losses weekend appealed to Nigerian Navy to assist it with relevant information to unravel those behind the perennial stealing of Nigeria’s crude oil.
Chairman of the committee, Hon. Alhassan Ado Doguwa, made the appeal during a special engagement with the Chief of Naval Staff, Vice Admiral Emmanuel Ogala, giving assurance that information obtained confidentially by the committee shall be handled with utmost care.
Explaining why the committee embarked on a visit to the Naval Headquarters in Abuja, Doguwa said: “Crude oil theft is a major concern to the economy of our country, Nigeria, and on that note we feel we have to extend hands of fellowship to the relevant security stakeholders that have long been existing on the space to fight against these criminalities.
“You can all recall that the recent projection for the year 2024, the parliament budgeted about 28.77 trillion naira based on crude oil bench mark of $77.96 per barrel and the production of 1.78 million barrels per day. In January 2024, Nigeria oil production rose to about 1.42 million barrels per day, this represents an increase of about 6.85 percent compared to the the production figure of 1.39 million barrels per day in December 2023.”
The council had moved against Oba Sowemimo for publicly degrading Nigerian currency, an offence which contravenes law of the Central Bank of Nigeria (CBN).
