• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, July 2, 2026
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Presidential panel urges stiffer penalties for crude oil thieves

Oil

The Matters Press by The Matters Press
February 22, 2023
Reading Time: 2 mins read
0
Group bemoans level of crude oil theft

The Federal Government’ Special Investigative Panel on Oil Theft/Losses has called for deliberate conversations to drive legal reforms that would provide stiffer penalties to culpable entities involved in oil theft.

RELATED POSTS

Group hails President Tinubu over the elimination of over 13,000 terrorists in one year

Tinubu’s nomination acceptance speech excites TMSG, TSF

Troops’ counter-terrorism triumphs prove Tinubu’s war on terror on a steady course

The Chairman of the Panel, retired Maj.-Gen. Barry Ndiomu, made the call in his address of welcome at a One-Day Stakeholders Conference on Oil Theft/Losses on Tuesday in Abuja.

The theme of the conference was: “Protecting Petroleum Industry Assets for Improved Economy”.

According to him, frank discussions must be held to enable the country “crack the code” and put an end to the criminal enterprise of oil theft.

Ndiomu, who is also the Interim Administrator of the Presidential Amnesty Programme (PAP), regretted that the menace of oil theft has had enormous negative impact on Nigeria’s crude oil production, plunging output to a 13-year low of 800,000bpd.

He reiterated that strategic consultations have been held with state governments of the Niger Delta Region and other critical stakeholders to that effect.

“On the side of the law enforcement and security agencies, visits were made to the Chief of Army and Navel Staff, to the DG-DSS, the Attorney General of the Federation and Minister of Justice, the EFCC, among others.

“These engagements availed us information on the challenges their respective organisations faced in securing our nation’s oil assets and combating oil theft.

“These efforts provided us new knowledge and elicited honest discussion amongst Panel Members that led to some obvious conclusion signifying that theft and lose of crude oil stemmed from the twin issues of complicity and negligence,’’ Ndiomu said.

The chairman of the panel further explained that the emergent picture suggests the existence of a sophisticated network of complicity between elements from the host communities, security agencies and industry players.

He added that they include both government and private institutions alike, as well as international collaborators.

“The conception of this conference is part of the panel’s strategy to obtain additional inputs, information and data on the subject matter. Today’s event therefore aims at consolidating on what has been achieved so far,” Ndiomu said.

The chairman, however, advocated for application of modern technologies to protect oil assets and a review of security architecture in the region.

“This should be done with a view to stem the sophisticated network of complicity between elements from the host communities, security agencies and industry players”.

The event attracts officials from the Presidency, National Assembly, traditional rulers from oil communities, security, military and paramilitary, as well as other stakeholders from the oil and gas sector.

Tags: Oil
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria court martial 12 military personnel over killing of 85 civilians on wrong bombing
News

Group hails President Tinubu over the elimination of over 13,000 terrorists in one year

June 23, 2026
Tinubu signs amended electoral Act
Energy

Tinubu’s nomination acceptance speech excites TMSG, TSF

May 31, 2026
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

Troops’ counter-terrorism triumphs prove Tinubu’s war on terror on a steady course

May 29, 2026
Nigeria’s  Transparent Civil Service Recruitment exciting
Economy/Technology

IN DEFENCE OF PRESIDENT TINUBU’S DEBTS-FOR-INFRASTRUCTURE POLICY

May 18, 2026
Council seeks incentives to boost indigenous ship operations
Economy/Technology

Tinubu’s economic reforms grow Nigeria’s export earnings by 38.68% – TMV

May 7, 2026
Tinubu engages global investors in Paris
Economy/Technology

Tinubu engages global investors in Paris

May 6, 2026
Next Post
“Naira-4-Dollar” getting results

Naira gains marginally by 0.04% at Investors, Exporters window

Council seeks incentives to boost indigenous ship operations

7 ships expected with petroleum products at Lagos port

Recommended Stories

Stable petrol supply excites Buhari

NNPC makes giant stride, targets 1.8mbpd production

November 22, 2021
Customs generates N493.75bn in TinCan Island

Apapa Customs generates N212.6bn

April 5, 2023
Huawei commits to complement Nigeria’s effort in ICT development

Huawei commits to complement Nigeria’s effort in ICT development

July 22, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Group hails President Tinubu over the elimination of over 13,000 terrorists in one year
  • Tinubu’s nomination acceptance speech excites TMSG, TSF
  • Troops’ counter-terrorism triumphs prove Tinubu’s war on terror on a steady course

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us