Nigeria crude theft drops

Navy claims huge drop in oil theft since January.

Crude Oil Theft Now 800,000 Barrels Monthly

Bassey Inyang in Calabar

The Flag Officer Commanding (FOC) Eastern Naval Command, Rear Admiral Charles Obiora-Medani, has disclosed that Nigeria now loses 800,000 barrels of crude oil monthly to thieves as against over two million barrels monthly at the early part of this year.

Obiora-Medani made the disclosure in Calabar yesterday during the second FOC bi-annual inspection tour of Naval formations under the command.

The FOC said: “In January 2014, when the present Chief of Naval Staff, Vice Admiral Usman Jibrin, took over, Nigeria was losing 2.6million barrels per month as at January figure.

“As at September 2014 which is the last published figure, it has dropped to 800,000 barrels, that will tell you that they have being a major drop in oil theft.”

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Source: thisdaylive.com