30 results
- 7 Nov 2023
How Nigeria Lost N4.3tn to Oil Theft in Five Years – NEITI
Nigerian government revealed on Monday, that over N4.3 trillion worth of crude oil was lost to oil theft in 7,143 pipeline vandalism cases within five years. This was disclosed at the Nigeria…
- 28 Oct 2013
Crude Oil Theft is New Face of Terrorism — Alison-Madueke
Mrs. Diezani Alison-Madueke, minister of Petroleum Resources, has declared that the grave phenomenon of oil theft and its global support system represents another face of terrorism which has…
- 10 Jan 2015
Nigeria Loses N2.2Trn to Oil Theft – Gov. Aregbesola
Ogbeni Rauf Aregbesola, governor of Osun state, on Friday said the Nigeria has lost N2.2 trillion (14.6 billion dollars) to oil theft within a year under the President Goodluck Jonathan-led Peoples…
- 2 Jul 2013
Organised Criminals Take over Crude Oil Theft
Mr. Mutiu Sunmonu, managing director, Shell Petroleum Development Company of Nigeria (SPDC), has blamed well-financed and highly organised criminals for crude oil theft in the Niger Delta, saying…
- 4 Jun 2014
Clark, Ijaw Leader Accuses Military Chiefs of Oil Theft
Chief Edwin Clark, Ijaw leader and a delegate to the National Conference has accused military chiefs of oil theft and claimed he had previously drawn attention to the nefarious activities of…
- 25 Apr 2013
Nigerian Navy Launches Website on Oil Theft
The Nigerian Navy has developed a new website on crude oil theft and pipeline vandalism to enable useful information on how to deal with the issue be passed across to relevant bodies and authorities.…
- 6 Nov 2025
Senate Committee Says $300Bn Lost to Oil Theft
The Senate ad hoc committee investigating persistent crude oil theft in the Niger Delta has disclosed that a forensic audit conducted by independent consultants revealed that suspected oil thieves…
- 23 Aug 2013
FG Puts Loss to Oil Theft in July at N365Bn
Dr. Yerima Ngama, minister of State for Finance, has said that the federal government has lost a total of N365 billion to oil theft in the month of July. Ngama stated this at the end of the…
- 4 Mar 2013
Shell May Shut Down Production Over Increasing Oil Theft
Shell Production and Development Company (SDPC), Nigeria’s joint venture partner in the production of crude, has threatened to shut down its Nember creek trunk line owing to the increased cases…
- 4 Nov 2013
FG May Lose $12Bn to Oil Theft this Year
Revenue earned by Nigeria this year may be as much as $12 billion short of budget estimates as theft of crude and output disruptions persist in the oil-rich Niger River delta, according to Ngozi…
- 3 Nov 2024
FG to Deploy Drones to Curb Oil Theft in Niger Delta - Lokpobiri
Senator Heineken Lokpobiri , minister of State for Petroleum Resources (Oil), at the weekend said the federal government would deploy new technologies like drones and satellite surveillance to halt…
- 28 Aug 2013
NIMASA, Air Force Ink Agreement to Curb Piracy, Oil Theft
The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Air Force (NAF) took a further step in their determination to ensure improved security on the nation’s coast by…
- 2 Aug 2022
Shell to Acquire Drones to Check Crude Oil Theft in Niger Delta
Shell Petroleum Development Company (SPDC) has said it will acquire drones to monitor its pipelines and wellheads in the Niger Delta region. Igo Weli, SPDC’s general manager, External Relations, who…
- 17 Feb 2021
Court Blocks Shell’s Accounts in 20 Banks over Alleged Oil Theft
A Federal High Court sitting in Ikoyi, Lagos has granted an interim injunction directing 20 commercial banks to freeze the accounts of Shell Petroleum Development Company of Nigeria Ltd (SPDC). This…
- 17 Apr 2013
Nigeria Loses $1.23Bn to Oil Thieves
Nigerian National Petroleum Corporation (NNPC), yesterday said that Nigeria $1.23 bilion to oil theft and vandalism in the first quarter of this year; adding that crude oil theft has continued to…
- 25 Oct 2013
Govt Agencies Connive with Culprits to Steal Nigeria’s Oil
The troubling and perceived pertinacious inaction by the government to curb the problem of oil theft in the country has been linked to some government agencies’ connivance with crude oil thieves.…
- 25 Sept 2013
Report Names Nigeria as Organized Crime Hub of Africa
A damning report by StrategyPage, a leading resource on armed forces affairs worldwide said that Nigeria is seen by international crime experts as the center for organized crime in Africa because the…
- 21 Jun 2013
Nigeria Loses N2.4Bn Daily to Shut Oil Pipeline
Nigeria may face severe financial difficulties in the months ahead as crude oil production has dropped further by 150,000 barrels per day due to the shut of the Trans Niger Pipeline (TNP) following…
- 20 Mar 2015
Nigeria Loses $33m Daily to Oil Thieves
Wale Tinubu, chairman of Oando Energy Resources, has said that Nigeria may be losing about $33 million daily to theft as the activities of oil thieves have risen from 400,000 barrels per day, bpd to…
- 12 Nov 2013
Marginal Field Operators Warn of Crude Oil Production Crash
Crude theft may wreck the marginal field operation in Nigeria’s multi-billion dollars oil and gas industry if nothing urgent is done, operators of the marginal fields cried out on Monday. 18 of the…
- 12 Feb 2013
President Jonathan Says West is Buying “Blood Oil”
President Goodluck Jonathan yesterday met with David Cameron, British Prime Minister and pleaded his country’s assistance to stem the big oil theft in Nigeria’s Niger Delta. Jonathan reportedly told…
- 4 Jun 2013
SPDC Worries as Nigeria Loses $1.6Bn Annually to Oil Thieves
The Shell Petroleum Development Company (SPDC) has expressed concern over the activties of crude oil thieves and illegal refineries operators in the Niger Delta saying the country is losing $1.6bn…
- 21 Jul 2015
Buhari Plans to Jail Jonathan at all Costs- VND
A coalition of Niger-Delta activists under the aegis of Vanguards of Nigeria’s Democracy (VND) on Saturday said it has uncovered clandestine moves by President Muhammadu Buhari and the All…
- 16 Sept 2019
SPDC Deploys HD Aerial Cameras to Track Spills, Crude Theft
Shell Petroleum Development Company of Nigeria Limited (SPDC), Nigeria’s leading energy giant, has deployed state-of-the-art high definition cameras for quick detection of and response to crude oil…
- 10 Aug 2013
JTF Backs Special Court to Try Oil Thieves
The Joint Task Force in the Niger Delta, known as Operation Pulo Shield, has backed the idea of a special court to try oil thieves in the region. The National Economic Council last month…
- 3 Apr 2013
Shell to Shut Plundered Nigeria Oil Pipeline
Shell plans to temporarily shut a key oil pipeline in southern Nigeria later this month to repair damage caused by oil thieves, leading to a cut of around 150,000 barrels per day, the company said…
- 1 Apr 2017
Shell Shuts Bonny Light Oil Export Line
The Nigerian subsidiary of Royal Dutch Shell Plc said it had shut down the Nembe Creek Trunk Line, which exports Bonny Light crude oil, in order to remove theft points. The managing director of Shell…
- 6 Oct 2008
As Nigeria Sat-1 Lifespan Expires
Nigeria made its debut in satellite space technology on September 27, 2003 when it launched Sat-1 aboard a Russian rocket. The launch, at Plesetsk cosmodrome was watched live on television by…
- 6 Feb 2014
Sanusi Says $20Bn Leakages in NNPC May Ground Economy
Sanusi Lamido Sanusi , governor of the Central Bank of Nigeria (CBN) has stated that his decision to take part in the joint press briefing called by Dr Ngozi Okonjo-Iweala, minister of finance,…
- 1 Mar 2022
Huawei Develops Technology to Stop Crude Theft in Nigeria
Huawei Technologies, Chinese technology firm, has said that it has developed an intelligent pipeline monitoring system to help tackle crude oil theft in Nigeria. This was disclosed by Mr Li Wei,…