• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Energy
Oil theft: Nigerian Navy's vigilance saves over N71.8 billion in oil assets from April 2022 - June 2023

Crude oil theft (Image credit: Getty image)

Oil theft: Nigerian Navy’s vigilance saves over N71.8 billion in oil assets from April 2022 – June 2023

Omono OkonkwobyOmono Okonkwo
4 months ago
in Energy, Industries
Share on FacebookShare on TwitterShare on Linkedin
  • The Nigerian Navy claims to have saved over N71.8 billion in oil assets from crude oil thieves between April 2022 and June 2023.
  • Commodore Adedotun Ayo-Vaughan, the Director of Naval Information, provided this information while addressing accusations against the Nigerian Military regarding their alleged involvement in crude oil theft activities.
  • Asari Dokubo, a former Niger Delta agitator, accused the Nigerian Military, particularly the Navy, of being responsible for oil theft in Nigeria.

The Nigerian Navy has reported that it made significant efforts between April 2022 and June 2023 to safeguard crude oil assets and prevent losses amounting to over N71.8 billion from oil thieves.

Commodore Adedotun Ayo-Vaughan, the Director of Naval Information, shared this information with Channels Television while addressing accusations leveled against the Nigerian Military regarding involvement in crude oil theft activities within the country.

On Friday, June 16, Asari Dokubo, a former Niger Delta agitator, publicly accused the Nigerian Military of being responsible for oil theft in Nigeria. Specifically, he pointed fingers at the Navy, insinuating their involvement in such illicit activities. He said:

  • “The military is at the center of oil theft, and we have to make this very clear to the Nigerian public that 99% of oil theft can be traced to the Nigerian military, the Army, and the Navy especially.”

He stated further that he was ready to work with the Nigerian National Petroleum Company Limited and the International Oil Companies (IOCs) to bring the scourge to a halt.

Some data on the fight against crude oil theft

Meanwhile, reacting to the allegation hours later, Ayo-Vaughan said that the Nigerian Navy was committed to seeing an end to crude oil theft in the country and was working against perpetrators.

He said the Nigerian Navy has achieved a lot in the fight against crude oil theft. He noted that through the efforts of the Navy, oil thieves were denied over 116.9 million liters of crude oil, 45.1 million liters of refined diesel, and 2.4 million liters of kerosene as well as over 372,000 liters of premium motor spirit, all worth more than N71.8 billion based on the current prices.

He also stated that between April 1, 2022, and June 12, 2023, the Nigerian Navy facilitated the arrest of 131 suspects, and 17 vessels, the destruction of 519 illegal mining sites, the deactivation of 4,261 storage tanks, and the demobilization of 69 vehicles. He said:

  • “If Asari Dokubo is seeking some form of relevance and alleges that there is a cabal of military people that are involved in crude oil theft, let him bring the names. Nobody is afraid of getting the names of those involved in crude oil theft.
  • “The Nigerian Navy is actively involved in the fight against crude oil theft and the resources in the Niger Delta. So, for anybody to say that there is a cabal of military officers, the only simple thing is to bring the evidence, bring the names. I rest my case.”

Download Nairametrics App for breaking news and market intelligence.
   
Tags: Commodore Adedotun Ayo-Vaughancrude oil thievesNigerian Navy
Omono Okonkwo

Omono Okonkwo

Omono Okonkwo is an accomplished Mass Communicator, with a remarkable track record spanning over a decade across various dimensions of the field. Her proficiency encompasses Print, Digital, and Broadcast Journalism, Copywriting, Research and Writing, Podcasting, Public Speaking, as well as a comprehensive grasp of Energy Markets. Her engagement in energy market coverage commenced officially in 2016, as she assumed the role of a country correspondent (Nigeria) with Natural Gas World, a subsidiary of Minoils Media based in Vancouver, Canada. Since then, Omono Okonkwo has consistently demonstrated excellence and left an indelible mark on the ever-evolving energy sector.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *







NM newsletters
Bankers committee
Kwakol
Abbey
IMT

Zenth Bank
UBA
Mega Millions

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • WATT raises $13 million to power renewable energy in Nigeria
  • Elon Musk’s starlink partners with Jumia to expand services in Nigeria, Kenya
  • Ecobank warns customers of SIM card fraud increase

Follow us on social media:

Recent News

WATT raises $13 million to power renewable energy in Nigeria

WATT raises $13 million to power renewable energy in Nigeria

October 2, 2023
X, Elon Musk

Elon Musk’s starlink partners with Jumia to expand services in Nigeria, Kenya

October 2, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Contact Us
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Login
  • Sign Up

© 2023 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In