Nigeria lost one point three billion dollars’ worth of crude oil to theft and pipeline vandalism in the first six months of 2019.
The state Governors who reviewed the criminal cases in the oil sector in the Niger-Delta, are members of a thirteen-member ad-hoc committee raised by the National Economic Council to carry out the assignment.
The report of the findings was submitted to NEC at its meeting presided over by Vice-President Yemi Osinbajo in Abuja.
Governor Godwin Obaseki of Edo State, who chaired the committee, spoke with State House correspondents after the NEC meeting. He said the Nigerian National Petroleum Corporation, NNPC briefed the ad hoc committee before the latter prepared its report.
The committee warned that if the situation is not tackled instantly, losses could be higher than two point seven billion dollars in two years.