CrimeEconomy

NNPCL GCEO attributes oil theft to international syndicates.

Group Chief Executive Officer of NNPCL, has raised concerns about the issue of crude oil theft in Africa, emphasizing that it has escalated beyond a local crime. He noted that international cartels are now orchestrating this illicit trade, leveraging the continent’s inadequate security systems.

At the commencement of the Africa Chiefs of Defence Staff Conference in Abuja on Monday, Ojulari shared his insights, joining fellow top military leaders in addressing pressing regional security concerns.
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He said, “Oil theft is no longer a backyard operation. It is run by organised international syndicates who exploit gaps in state and continental security.

“Security is not an adjunct to the oil business; it is the foundation of energy security. Our sector has improved because of the deliberate efforts of security agencies.

“We owe this recovery to sustained action by the military and intelligence services. The losses are continental, the actors international, and the response must be collective.”He noted

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