Oil Theft: NSA Inaugurates 11-Man Special Investigative Panel

Oil Theft: NSA Inaugurates 11-Man Special Investigative Panel

Oil Theft: NSA Inaugurates 11-Man Special Investigative Panel The National Security Adviser, NSA, Major General Babagana Monguno, has inaugurated an 11-man Special Investigative Panel to look into cases of oil theft and oil losses in the country. The panel is chaired by the Interim Administrator of the Presidential Amnesty Programme, Major General Barry Ndiomu, with

Oil Theft: NSA Inaugurates 11-Man Special Investigative Panel

The National Security Adviser, NSA, Major General Babagana Monguno, has inaugurated an 11-man Special Investigative Panel to look into cases of oil theft and oil losses in the country.

The panel is chaired by the Interim Administrator of the Presidential Amnesty Programme, Major General Barry Ndiomu, with Mr David Attah as Secretary.

Speaking during the inauguration in Abuja on Tuesday, Monguno said Nigeria was currently facing a monumental loss of revenue that ought to have accrued from the sale of crude oil, being the main source of its foreign exchange earnings.

He said the alarming rate of vandalism and theft of crude oil had led to a significant decline in production, which has impacted the nation’s revenue.

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