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Showing posts from July, 2024

UNCOVERING THE TRUTH: HOUSE OF REPRESENTATIVES SET TO INVESTIGATE OIL THEFT IN NIGERIA

The House of Representatives has commenced an investigation into oil theft in Nigeria, vowing to uncover the root causes and bring those responsible to justice. The probe comes as Nigeria loses an estimated $10 billion to oil theft in just seven months. The Chairman of the House Committee on Petroleum Resources (Upstream), Rep. Ado-Doguwa, expressed determination to employ every legislative tool to address the issue, including inviting memoranda and presentations from key stakeholders, engaging in discussions with international and local oil companies, host community leaders, and relevant agencies. The Secretary to the Government of the Federation, George Akume, reiterated the Federal Government's commitment to securing the nation's oil and gas infrastructure, noting that over $1.5 billion has been spent in the past four years to combat oil theft. The committee identified several critical issues, including inadequate firepower and weapons for security operatives, collaboration ...