Oil Theft, Piracy, Cost Nigeria U.S.$750m

Oil Theft, Piracy, Cost Nigeria U.S.$750m in 2019 – NNPC

The Nigerian National Petroleum Corporation, NNPC, Tuesday, decried the growing activities of oil thieves and pirates, stating that Nigeria lost about $750 million to oil theft in 2019. In a presentation to members of the Executive Intelligence Management Course 13 of the National Institute for Security Studies (NISS) who were on a study tour to the NNPC in, Abuja, Group Managing Director of NNPC, Mallam Mele Kyari, described the activities of the thieves and pirates as a threat to the operations of the corporation.

Kyari stated that any threat to the corporation’s operations was a direct threat to the very survival of Nigeria as nation because of the strategic role of the corporation as an enabler of the economy.

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Source: https://allafrica.com

Nigerian Navy patrol boats

Nigerian Navy patrol boats

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