The Nigerian National Petroleum Company Limited (NNPCL), on Sunday, says the country loses an average of $7.2 million monthly from illegal oil connections.
The oil firm disclosed this following the discovery of an illegal connection in Owaza community, Abia state.
An unlawful oil connection was identified during this operation. The group also noted the presence of covert refineries, illicit bunkering operations, and the resulting environmental devastation. Collectively, these findings point to substantial economic losses for the nation.
From the illegal connection discovered at Owaza in Abia, Nigeria loses an average of 7.2 million dollars monthly, the Nigerian National Petroleum Company Ltd, stated, yesterday.
On the presidential delegation with the NSA were the Minister of Defence, Badaru Abubakar, and Chief of Defence Staff (CDS), Gen. Christopher Musa.
Others included the Chief of Air Staff (CAS), Air Marshal Hassan Abubakar; Minister of State for Defence, Bello Matawalle, and Minister of State (Oil), Petroleum Resources, Heineken Lokpobiri.
During their visit to Owaza, Abia State, the team examined the Trans-Niger Pipeline ‘Right of Way’, uncovering a series of dismantled illegal connections.
Also speaking at the site, Chief Security Officer of Pipeline Infrastructure Nigeria Ltd., Patrick Godwin, said some arrests had been made and culprits arraigned. In his comments, Ribadu applauded security agencies, community security contractors, and NNPC Ltd. for stepping up the fight against oil theft and economic sabotage.