Nigeria’s NNPC lost $750m to oil theft in 2019

Nigeria’s NNPC lost $750m to oil theft in 2019

The Nigerian National Petroleum Corporation (NNPC) says the nation lost about 750 million dollars to oil theft in 2019.

NNPC Group Managing Director, Malam Mele Kyari, disclosed this in a statement signed by the Acting spokesman for the corporation Mr. Samson Makoji, in Abuja on Tuesday.

He listed other security challenges facing the corporation to include vandalism of oil and gas infrastructure and kidnapping of personnel. According to him, there is a deep connection between the various shades of insecurity challenges as they were all linked to what is happening in the Gulf of Guinea and the entire maritime environment.

He called for a concerted effort and synergy to secure oil and gas operations for the economic survival of the country.

He was speaking on the topic: “Piracy in the Gulf of Guinea; Issues, Challenges for International Trade, National Security and Sustainable Development of Member States”, and said that any threat to the corporation’s operations was a direct threat to the very survival of Nigeria as a nation.

Source / More : NNPC

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