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Oil theft: FG set to fight vandals, improve economy

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WORRIED by the monumental damages and waste of oil and facilities, the federal government has vowed to declare total war on vandals and oil thieves who are responsible for the destruction of the nation’s economy.

  Interior Minister Ogbeni Aregbesola, who made the declaration at the commissioning of eight gun boats acquired by the Nigeria Security and Civil Defense Corps (NSCDC) in Port Harcourt, Rivers State, stated that the thieves not only deny the country of the much needed revenue but sell the stolen goods at cheap prices.

  “They have therefore made Nigeria to suffer the double jeopardy of loss in revenue and drop in values of the product”.

  As a step in this direction, the federal government is taking adequate steps to equip relevant security agencies and by extension, the NSCDC which is the lead agency in the production of critical national assets and infrastructure. The economy will improve in no distance time.

  Mr.  Aregbesola further stated that the government is aware of the dangers crude oil portends for the country, stressing that the value of such theft is estimated at billions of naira.

  He noted that at last estimate, billions of dollars were lost to oil thieves and vandals.

 “The federal government is now totally committed and determined to curb the menace of oil theft which is bleeding the economy mindlessly. The development has led to a drop in the earnings of the government”.

 Contributing, the Commander-General of NSCDC, Abubakar Audu said the Corps is ready to put an end to pipeline vandalism.

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 His words “Let me assure the federal government and the good people of this great country that the Corps is determined more than ever before to the war against oil theft and illegal oil bunkering”. We will therefore make judicious use of operational equipment to take the war to the doorstep of the economic brigands.

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