The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Emmanuel Ibe Kachikwu has hinted that oil theft will be eradicated in the next eight months.
He made this statement at a one day seminar on Security in the Gulf of Guinea organised by the Gusau Institute in Abuja, Dr Kachikwu said the NNPC under his leadership is introducing a whole lot of measures to check oil theft and to bring perpetrators to book.
Kachikwu highlighted some of these measures to include the introduction of drones to monitor the pipelines as well as patrol the country’s coastal waters; equipping and increasing the capabilities of the security services to carry out their responsibilities as well as engagement of communities to police pipelines in their areas.
The NNPC boss said the PPMC would be broken up into several companies with one solely in charge of pipelines while the other would be in charge of products.
According to him, this measures will ensure greater efficiency and transparency in the oil sector.
