{"id":115334,"date":"2024-11-26T04:55:37","date_gmt":"2024-11-26T03:55:37","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=115334"},"modified":"2024-11-26T04:55:37","modified_gmt":"2024-11-26T03:55:37","slug":"how-fg-lost-1-2million-barrels-of-crude-oil-navy","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/how-fg-lost-1-2million-barrels-of-crude-oil-navy\/","title":{"rendered":"How FG lost 1.2million barrels of crude oil\u00a0\u00a0\u2013\u00a0Navy"},"content":{"rendered":"
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The Nigerian Navy has raised alarm that some unpatriotic elements that are determined to plunder the country\u2019s oil resources for personal gains and other acts of economic sabotage have resorted to false allegations against genuine international transactions resulting in disruption of oil operations and unwarranted loss of revenue to the federal government.<\/div>\n
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\nChief of Training and Operations, Rear Admiral Eugenio Olusegun Ferriera who made this known at a briefing on Monday stated the resolve of the Navy in tackling crude oil theft headlong no matter the cartel involved was causing these elements sleepless nights hence their resort to dark tactics to have their way noting that the Navy will not bulge.<\/p>\n

He disclosed that these disruptions resulted in the loss of over 1.2million barrels of crude oil, with attendant loss of revenues between 4th of May to 16th, of May 2024.<\/p>\n

His said, \u201cFor instance, an alarm of crude oil theft on MT PRAISEL in August 2023 at Escravos in which the Navy was alleged to have been involved was proven to be false.<\/p>\n

\u201cSimilarly, on 3 May 2024, another false allegation led to the disruption of the operations of MT PRESTIGIOUS and MT MONTAGU involved in the Presidential Crude Oil Barging Operations at Bonny.<\/p>\n

\u201cThese disruptions resulted in the loss of over 1.2 million barrels of crude oil with attendant reduction in revenues during the period of their arrest between 4 to 16 May 2024.<\/p>\n

\u201cAlso, on 7 Nov 24 based on credible intelligence, a barge suspected to be involved in oil theft was arrested in Warri by Nigerian Navy personnel.<\/p>\n

\u201cAlso, on 10 Nov 24, MT LADY MARTINA conveying HPFO to MT JASMINE S involved in Presidential Crude Oil Barging Operations at Bonny was alleged to have stolen crude oil. The Nigerian Navy conducted series of test which confirmed the product onboard to be HPFO as approved by regulatory authorities.<\/p>\n

\u201cThese false accusations were not backed by evidences, but primarily designed to tarnish the image of the Nigerian Navy and dampen the morale of personnel involved in anti-oil theft operations.<\/p>\n

\u201cIn addition, the perpetrators of these false alarms inflict unwarranted disruptions in legitimate business in the oil industry.<\/p>\n

\u201cThis is detrimental to the ease of doing business in Nigeria oil sector and negates Mr. Presidents desire to increase investment in the oil industry.<\/p>\n

The CTOP also stated that in the past 4 years, the Navy has confiscated over 8.1 million barrels of stolen crude oil, 86,500 MT of illegally refined AGO, 788,312 litres of illegally sourced PMS and about 21 million litres of Kerosene.<\/p>\n

\u201cOther arrests include 120 barges, 181 speed boats, 1,453 wooden boats laden with stolen products as well as 118 vehicles conveying stolen petroleum products.<\/p>\n

Continuing, Rear Admiral Ferreira said, \u201cIn line with its statutory roles as encapsulated in the 1999 Constitution of the FRN, the Nigerian Navy has continued to respond to current and emerging security threats in the maritime domain.<\/p>\n

\u201cThis is to enhance maritime security and create the desired environment for economic prosperity and national development.<\/p>\n

\u201cIn this regard, the Nigerian Navy conducts anti-oil theft, anti-piracy, anti-smuggling and anti-Illegal fishing operations amongst other functions.<\/p>\n

\u201cAnti-oil theft operations remain the Navy\u2019s most critical function due to the contribution of oil revenue to Nigeria\u2019s economic survival.<\/p>\n

\u201cHowever, some unpatriotic elements are determined to plunder the country\u2019s oil resources for personal gains through oil theft and other acts of economic sabotage.<\/p>\n

\u201cOver the years, the Nigerian Navy emplaced measures to address the scourge of oil theft.<\/p>\n

\u201cThese include intelligence-led patrols, robust Maritime Domain Awareness and the Choke Point Management and Control regime involving the deployment of Naval Security Stations at strategic chokepoints within the creeks to deny oil thieves freedom of action.<\/p>\n

\u201cIn the past 4 years, the Nigerian Navy has confiscated over 8.1 million barrels of stolen crude oil, 86,500 MT of illegally refined AGO, 788,312 litres of illegally sourced PMS and about 21 million litres of Kerosene.<\/p>\n

\u201cOther arrests include 120 barges, 181 speed boats, 1,453 wooden boats laden with stolen products as well as 118 vehicles conveying stolen petroleum products.<\/p>\n

\u201cDuring the period, the Nigerian Navy deactivated over 1,528 illegal refining sites and 8,790 storage tanks, and arrested 392 suspected oil thieves.<\/p>\n

\u201cThe suspects were handed over to relevant law enforcement agencies for further investigation and prosecution.<\/p>\n

\u201cOf particular note were the arrests of MT SWEET MIRI and MT VILLANIRIS 1 both laden with a combined quantity of 4 million liters\u2019 of stolen crude oil.<\/p>\n

\u201cMindful of the possibility of certain bad eggs within, the Nigerian Navy has strict disciplinary systems to deal with such personnel in line with the Armed Forces Act.<\/p>\n

\u201cIn the course of our operations, some gallant personnel have paid the supreme prize while fighting oil theft. We salute their sacrifice and pray for the families they left behind.<\/p>\n

\u201cIn view of its transnational nature, the fight against oil theft, also involves collaboration with our neighbours such as Cameroon, Benin and Togo who assisted in the apprehension of vessels such as MT New Angel and MT Jasmine involved in crude oil theft.<\/p>\n

\u201cIn November 2024, as part of its regional efforts to enhance maritime security, the Nigerian Navy hosted Exercises Crocodile Lift and Grand African NEMO which are multinational exercise involving Nigerian Navy Ships, boats and aircrafts as well as ships from regional navies and partners such as France, UK and Spain.<\/p>\n

\u201cThe exercises were geared toward enhancing our international partnership and collaboration to curb maritime crimes in the Gulf of Guinea.<\/p>\n

\u201cThe Nigerian Navy also has a transparent process of working with industry regulators such as NUPRC, NMDPRA, NIMASA and NNPCL in the monitoring and enforcement of approvals granted to operators to lift crude oil and other refined products.<\/p>\n

\u201cThis enables the Nigerian Navy to ensure compliance for legitimate upstream and downstream operations on behalf of the regulators.<\/p>\n

\u201cNigerian Navy efforts have greatly curbed oil theft and led to a significant increase in Nigeria\u2019s daily crude oil production output from 1.23 million barrels in October 2022 to 1.8 million barrels in October 2024 as revealed by the NUPRC.<\/p>\n

\u201cThe positive outcome of the Nigerian Navy\u2019s anti-crude oil operations is also evident in the Trans \u2013 Forcados and Trans \u2013 Niger pipelines which have continued to report about 100 per cent terminal factor in the past few months.<\/p>\n

\u201cFurthermore, recall that in 2022, the Nigerian Navy succeeded in eradicating piracy in Nigerian waters, and Nigeria was de-listed from the International Maritime Bureau List of piracy prone countries.<\/p>\n

\u201cDespite these sterling performances, there have been misrepresentations in certain quarters aimed at tarnishing the image of the Nigerian Navy.<\/p>\n

\u201cThese misrepresentations are peddled by mischief makers whose freedom of action in oil theft was severely degraded by the Nigerian Navy.<\/p>\n

\u201cDespite disruptions by these unpatriotic elements, the Nigerian Navy has remained critical in the success of several strategic initiatives such as the Presidential Crude Oil Barging Regime.<\/p>\n

Meanwhile, a total of 100 students graduated with 7 making first class with 51 and 41 students making 2nd class upper and lower grades at the 3rd convocation of the Admiralty University of Nigeria (ADUN) held on Friday November 22, 2024 at the Ibusa Campus, Delta State<\/p>\n

The 3rd convocation ceremony which was well attended by several dignitaries in the academia and military marked a remarkable step in the upward trajectory of the citadel of learning.<\/p>\n

Chief of Policy and Plans, Navy, Rear Admiral Ibrahim Dewu represented the Chief of Naval Staff, Vice Admiral Emmanuel Ogalla at the convocation ceremony<\/p>\n

A statement by the Director of Naval Information, Commodore Aiwuyor Adams-Aliu said \u201cThe general public is encouraged to explore the option of studying at the Admiralty University of Nigeria because the tuition and other fees were recently reviewed downwards.<\/p>\n

Admission into ADUN is through the approved processes outlined by the National Universities Commission.The University was established under the Private Universities Act CAP E3, Laws of the Federation Republic of Nigeria 2004 via the issuance of an operating license in December 2017.<\/p>\n

Presently, ADUN has 3 faculties namely: Faculty of Arts, Management and Social Sciences, Faculty of Sciences and Faculty of Law.<\/p>\n

\u201cThe Faculty of Arts, Management and Social Sciences offers courses such as; Accounting, Business Administration, Economics, English Language, History and International Studies, International Relations and Tourism Studies.<\/p>\n

\u201cThe Faculty of Science offers courses such as Biology, Chemistry, Cyber-Security, Computer Science, Forensic Science, Industrial Mathematics, Physics and Software Engineering.<\/p>\n

\u201cThirdly, the Faculty of Law offers an LLB degree in Law. Additionally, a new faculty of Engineering is undergoing verification and will soon\u00a0be\u00a0established.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Nigerian Navy has raised alarm that some unpatriotic elements that are determined to plunder the country\u2019s oil resources for personal gains and other acts of economic sabotage have resorted…<\/p>\n","protected":false},"author":1,"featured_media":83591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-115334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nHow FG lost 1.2million barrels of crude oil\u00a0\u00a0\u2013\u00a0Navy - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/how-fg-lost-1-2million-barrels-of-crude-oil-navy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How FG lost 1.2million barrels of crude oil\u00a0\u00a0\u2013\u00a0Navy - 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