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Business News of Tuesday, 7 November 2023


Crude Oil Theft: 'Destruction of vessels by military to conceal evidence' - Ned Nwoko

Ned Nwoko Ned Nwoko

Vice Chairman of the Senate Committee on Environment, Senator Ned Nwoko (PDP-Delta), has revealed that the destruction of vessels apprehended for carrying illegal goods and stolen crude oil by the military is to conceal or destroy evidence.

He made this known while speaking with the News Agency of Nigeria (NAN) in Abuja.

According to him, destroying what should be used as evidence for a crime committed does not make any sense, except those expected to prevent the crime were compromised.

Ned said: “What is the point? It does not make any sense.

“You know, if somebody is found in possession of stolen goods, do you say, oh, the way to deal with this is to destroy it? No. You take it from them, you document it, you preserve it, you charge the culprits.

“And then you produce that in evidence against them in court and ultimately return that product to the owner.

“Well, I think the military is complicit. You know they do this because some of them might have compromised.

“They have been bought over because to load this kind of commodity vessels- the crude – it takes weeks sometimes because of the size of the vessels, it takes time.

“So it’s not as if you just come one hour, you load it, and then you run. So it takes time to get to the point of loading, and most of them are actually loaded from the official platforms.

“So who are those involved? Who are those managing those platforms? The oil companies, The producing companies, NNPC officials, the police, may be all of them are involved.”