A former Chief of Policy and Plans, Nigerian Navy, Rear Admiral Henry Babalola (rtd), has called on the federal government to ensure those caught stealing the nation’s crude are charged with treason.
He said the government was not doing enough to eradicate the menace of oil theft.
Babalola in a keynote address at a seminar by Defence Correspondents Association of Nigeria with the theme, ‘‘Achieving presidential mandate in curbing oil theft and securing the nation’s wealth” in Abuja, yesterday, said it was high time the government treated the menace with urgency, warning that oil theft would kill the country should the government fail to act timely.
He said, “The government is not doing enough to eradicate oil theft. Nigeria is not taking it as an emergency. Oil thieves criminals should be charged with treason. The amount lost to this menace is humongous.
“The $20 billion said to be lost to crude oil theft would have shored up our revenue, and paid our debts. Crude oil theft will kill the nation if drastic action is not taken. Citizens are punished to deter. It is one of the pillars of the criminal justice system. Failure of sanction or insufficient of it has encouraged crude oil theft.”
He also said the government needs to identify the supply chain of oil theft and identify the individuals involved, noting that those at the receiving end should be identified and brought to book.
On his part, the minister of state for petroleum resources, Timipre Sylva said the order given by the president, Muhammadu Buhari on the eradication of oil theft was yielding results.
Represented by his media aide, Horatius Egua, he said the problems confronting the oil and gas industry were caused by years of neglect by past administrations.
He also disclosed that the Port Harcourt refinery was near completion and should be ready for use soon.
He said, “The oil and gas industry is the most complex sector in this country. The more you look, the less you see. In the last 12 months, the order by the president to end oil theft in the country is beginning to yield results. Before then our production went down to 900, 000 barrels per day but today it is gradually picking up and oscillating between 1.5 and 1.6 million barrels per day.
“Apart from stealing, past governments did not invest in infrastructure in the oil and gas sector for a very long time. You find pipeline rupturing; we could not get what we wanted but this administration has done that. Also, our refineries are not working despite the millions of naira spent on them.
“The president directed that the refineries must work and as it is the Port Harcourt refinery is at 65-70 percent, hopefully before the end of the second quarter of the year. I believe something will come out of that refinery.”
FG Must Charge Oil Thieves With Treason -Ex-Naval Chief
BY TARKAA DAVID, Abuja
A former Chief of Policy and Plans, Nigerian Navy, Rear Admiral Henry Babalola (rtd), has called on the federal government to ensure those caught stealing the nation’s crude are charged with treason.
He said the government was not doing enough to eradicate the menace of oil theft.
Babalola in a keynote address at a seminar by Defence Correspondents Association of Nigeria with the theme, ‘‘Achieving presidential mandate in curbing oil theft and securing the nation’s wealth” in Abuja, yesterday, said it was high time the government treated the menace with urgency, warning that oil theft would kill the country should the government fail to act timely.
He said, “The government is not doing enough to eradicate oil theft. Nigeria is not taking it as an emergency. Oil thieves criminals should be charged with treason. The amount lost to this menace is humongous.
“The $20 billion said to be lost to crude oil theft would have shored up our revenue, and paid our debts. Crude oil theft will kill the nation if drastic action is not taken. Citizens are punished to deter. It is one of the pillars of the criminal justice system. Failure of sanction or insufficient of it has encouraged crude oil theft.”
He also said the government needs to identify the supply chain of oil theft and identify the individuals involved, noting that those at the receiving end should be identified and brought to book.
On his part, the minister of state for petroleum resources, Timipre Sylva said the order given by the president, Muhammadu Buhari on the eradication of oil theft was yielding results.
Represented by his media aide, Horatius Egua, he said the problems confronting the oil and gas industry were caused by years of neglect by past administrations.
He also disclosed that the Port Harcourt refinery was near completion and should be ready for use soon.
He said, “The oil and gas industry is the most complex sector in this country. The more you look, the less you see. In the last 12 months, the order by the president to end oil theft in the country is beginning to yield results. Before then our production went down to 900, 000 barrels per day but today it is gradually picking up and oscillating between 1.5 and 1.6 million barrels per day.
“Apart from stealing, past governments did not invest in infrastructure in the oil and gas sector for a very long time. You find pipeline rupturing; we could not get what we wanted but this administration has done that. Also, our refineries are not working despite the millions of naira spent on them.
“The president directed that the refineries must work and as it is the Port Harcourt refinery is at 65-70 percent, hopefully before the end of the second quarter of the year. I believe something will come out of that refinery. “
