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The National Security Adviser (NSA), retired Maj.-Gen. Babagana Monguno, on Tuesday, inaugurated 11 man Special Investigative Panel on Oil Theft/Losses in Nigeria.
The national security adviser, Major General Babagana Monguno (retd) has said Nigeria may be losing $23 billion revenue in 2023 if crude oil theft is not checked. He disclosed this in Abuja when he inaugurated a nine-member Special Investigative Panel (SIP) on oil theft and losses with a mandate to unravel individuals, organisations and groups…
The NNPC says it has managed to force down the rate of theft, but says problems remain.
The National Security Adviser (NSA), retired Maj.-Gen. Babagana Monguno, on Tuesday, inaugurated 11 man Special Investigative Panel on Oil Theft/Losses in Nigeria.
The Nigerian Navy has stated that the Nigerian National Petroleum Company Limited's claimed figures of crude oil theft in the country are bogus and not substantive. The Navy accused NNPC of reeling out exaggerated figures to save its face, noting that they are hiding the truth from the public.