The Nigerian Navy in Lagos has said it intercepted a wooden boat with outboard engines and 1,400 jerry cans of Petroleum Motor Spirit all valued at N20 million.

The Commander, Nigerian Navy Ship BEECROFT, Rear Admiral Okon Eyo, made the disclosure while speaking to journalists at the command in Apapa, Lagos.

Eyo was represented by the Executive Officer, NNS BEECROFT, Captain Paul Dogara.

The commander, who said 27 empty drums were also intercepted, added that the vandals on sighting naval men fled and abandoned the products.

He noted that the Atlas Cove was central to reception and distribution of refined petroleum products to other Nigerian National Petroleum Corperation depots at Mosimi, Ore, Ibadan and Shagamu areas.

Eyo said that the base would continue to dominate the nation’s waterways in order to prevent the theft of the nation’s wealth.