Navy Accuses IOCs of Aiding Oil Theft

Threatens to name and shame culprits

Navy Accuses IOCs of Aiding Oil Theft

By Senator Iroegbu

The Chief of Naval Staff (CNS), Vice Admiral Usman Jibrin, has accused International Oil Companies (IOCs) of aiding and abetting all forms of criminality in the nation’s maritime sector, especially crude oil theft, illegal bunkering and piracy.

Jibrin stated this yesterday in Abuja during a meeting with chief executives of the IOCs at the naval headquarters’ conference room to discuss issues on crude oil theft, pipeline vandalism and other related crimes in the nation’s maritime sector.

He expressed anger and frustration over the failure of most oil companies to treat the meeting with the seriousness it deserved, saying that it was meant to find solutions to the aforementioned challenges that had eaten deeply into the fabric of country’s economy.

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