The Nigerian National Petroleum Corporation (NNPC) has partnered Economic and Financial Crimes Commission (EFCC), Department of State Services (DSS), Nigeria Police Force (NPF), Nigeria Customs Service (NCS), Nigeria Security and Civil Defence Corps (NSCDC) and other relevant downstream and upstream stakeholders in the petroleum industry to curb the scourge of petroleum products smuggling and crude oil theft which are negatively impacting the nation’s economy.
The Group Managing Director of the NNPC, Mallam Mele Kyari, who spoke at a stakeholders’ meeting in Abuja,explained that the move was at the instance of President Muhammadu Buhari who mandated the Ministry of Petroleum Resources, the NNPC, the EFCC and all other security agencies to do everything to stop crude oil theft and illicit truck-out of petroleum products which he said was a major economic crimes that have hindered Nigerians from enjoying the benefit of subsidized petroleum products.
He implored all industry stakeholders to collaborate with the Corporation to ensure that the daily national petroleum products consumption which shot up to 102million litres in the month of May is brought down to realistic levels around 60million litres.
He added that it was obvious to all that that volume of premium motor spirit (PMS) was not consumed by Nigerians alone.
He said:“We all agree that smuggling is not a business that should be condoned because even for deregulated petroleum products it brings extra cost burden on this country both in terms of safety and security of supply and in securing of foreign exchange. It even constitutes more burden to this country when the product involved is a regulated product like Premium Motor Spirit (PMS),” Mallam Kyari submitted.
According to him, with the increasing price of crude oil at the global market and the OPEC+ production cuts, the country cannot afford to shoulder the cost of smuggling.
“We all know that our daily consumption is not up to 60million litres. We all know that, and that is why we have to pull it down. We will pull it down by every means necessary,” Mallam Kyari assured.
He promised to introduce Advanced Cargo Declaration to stop crude oil theft in Nigeria in line with global best practices.
In his remarks, Executive Chairman of EFCC, Abdulrasheed Bawa, expressed the readiness of the Commission to work with the NNPC to ensure that all those involved in the economic sabotage were brought to book.
