Oil Theft: Nigerian Navy Accuses NNPC of Insincerity
Nigerian Navy has accused the Nigerian National Petroleum Corporation Limited, NNPC Ltd of not revealing the true causes of crude oil theft in the country, but reeling out exaggerated figures to save its face.
This disclosure was made to the Senate Committee on Economic and Financial Crimes by the Navy Chief of Training and Operations, Rear Admiral Solomon Agada, during an interactive briefing of the relevant agencies implementing the Proceeds of Crime, Recovery and Management Act, Twenty Twenty two at the National Assembly.
Agada revealed that at several interactions with the NNPC, the Navy had explained the causes of fuel scarcity to the company that there was no way anyone would steal One hundred thousand barrels of oil in a day, but the NNPC had deliberately continued to mislead Nigerians.
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