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Nigeria Lost N2.3tn Revenue To Oil Theft in 12 Months — IOC

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Nigeria has lost an opportunity to produce and sell about 65,700,000 barrels of oil in the last one year due to issues bothering on pipeline vandalism and the resultant oil theft.

This translates to about N2.3tn loss in oil revenue if the prevailing exchange rate and average oil price are used.

The Chairman of Shell Companies in Nigeria, Dr Osagie Okubor, said at the just concluded Nigerian International Energy Summit held in Abuja, said the 180, 000 barrels per day Trans Niger Pipeline had remained shut for more than one year- March 2022 to March 2023.

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The loss from March last year to March this year brings total shut in/loss to about 65, 700, 000 barrels. Brent crude price averaged about $83 per barrel from March 2022 to March 2023, meaning the country could have lost as much as N2.3tr to the menace.

READ ALSO: $2.4bn Oil Probe: Malami To Appear Before Reps Thursday

The TNP, a Joint Venture operated by SPDC is a major pipeline capable of transporting about 180,000 barrels of crude per day to the Bonny export terminal.

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Speaking at the NIES, Okunbor said the TNP remained shut for one year due to the massive crude oil theft on the pipeline.

The pipeline, according to Shell, is part of the gas liquids evacuation infrastructure, critical for continued domestic power generation and liquefied gas exports.

He said, “What keeps me awake today as regards my onshore business in Shell is the fact that we cannot operate a pipeline, and that’s what is responsible for the 60 percent capacity. I think today that is almost just how much gas we can supply,” he said.

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READ ALSO: Oil Theft, Losses Will Fuel Crisis In Nigeria If Not Checked, Osinbajo, Ndiomu Warn

“And this is because one of our key gas infrastructures — the TNP — was shut down for one year; we removed 460 illegal connections on that line. We just reopened that line. Today we are struggling to catch up with our first programme.”

Okunbor said the loss was often viewed as affecting Nigeria’s oil production quota to the Organisation of Petroleum Exporting Countries.

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He stressed that the situation was also having devastating implications on the supply of gas to the Nigeria Liquefied Natural Gas.

“So, if you ask me what the number one issue has to be for the incoming administration, it has to be the security of oil and gas infrastructure. If you don’t fix it, then we have a huge problem on our hands,” Okunbor said.

Okunbor advised the incoming administration to prioritised the security of oil infrastructure.

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READ ALSO: Oil Theft: Tompolo Uncovers More 42 Tapping Points In Delta, Bayelsa

There were reports that the Federal Government was planning to reopen the pipeline last October.

However, talks with the Bodo community in the Gokana Local Government Area of Rivers State appear to have collapsed.

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Okunbor however said Nigeria was not short of frameworks and written documents on how to tackle the various challenges in the oil sector.

He noted that the decade of gas document, for example, included steps to deepen gas use, but implementation remained a challenge.

On his part, Managing Director of Nigerian Liquefied Natural Gas Limited, Philip Mshelbila, pointed out that 40 per cent of globally renowned gas firms’ capacity had been lying fallow due to theft.

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He added that the lack of power to execute the recommendations and policies in the various documents and laws of the oil sector remained a challenge to the industry.

Last year, the Nigerian National Petroleum Company said it detected an illegal connection on the Trans Escravos pipeline looped to the four-kilometre Afremo test line.
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Bauchi Govt Sanctions 4 Senior Officers For Gross Misconduct

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The Bauchi state Civil Service Commission (CSC) has sanctioned four senior officers for gross misconduct in the discharge of their service.

This is contained in a statement made available to newsmen in Bauchi on Friday by Mr Saleh Umar, the Public Relations Officer of the Bauchi state Civil Service Commission.

According to him, the decision, which was made during the Commission’s plenary session, was in its continued effort to sanitise the State’s Civil Service.

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He listed the names of the officers that were sanctioned to include; Garba Hussaini, a Director, Education and former Provost, Haruna Umar, a Deputy Director, Administration and Human Resources.

READ ALSO:Bauchi Board Laments Low Teacher Turnouts In Training Exercise

Others included; Umar Yusuf, Chief Executive Officer (Account)- Bursar and Mohammed Usman, Chief Clerical Officer – Cashier, all attached to Bill and Melinda Gate College of Health Sciences Technology in Ningi Local Government Area of the state.

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Umar explained that the interdicted officers have been placed on 50 per cent of their salaries with effect from 28th October, 2025 until the end of the full investigation.

The Commission’s decision was taken to allow further investigation into the allegations laid against the officers.

“The Officers were found guilty of misconduct that contradict Bauchi State Public Service Regulations – 0327 (x) and (xxii) and interdicted under rules 0329 (i), (ii) and (iii) to further distance them from their duty posts for seamless and smooth investigation.

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READ ALSO:Bauchi Begins Production Of Exercise Books, Chalks For Schools

“In a light-hearted part, the Commission has promoted 21 officers to their next grades of Deputy Chief Librarian, Assistant Chief Librarians and Principal Librarians to grade levels 15, 14, 13, 12 and 10 respectively.

“Others were Assistant Chief Executive Officer and Chief Confidential Secretary on grade levels 13 and 14,” said Umar.

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The Public Relations Officer added that Dr. Ibrahim Muhammad, the Chairman of the Commission, reiterated the Commission’s unwavering commitment to the rules of law under his watch.

He noted that while promising to continue to uphold integrity, transparency and fairness in the commission, the Chairman also expressed dismay over the nonchalant attitude of some Civil Servants not knowing the disciplinary procedures in civil service and its consequences.

Chairman also called on all workers to be conversant with the do and don’t in carrying out their assignments to avoid unnecessary offense,” he said.

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Don’t Take Law Into Your Hands – NYSC Warns Corps Members

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The National Youth Service Corps (NYSC) has warned all corps members serving their fatherland not to take laws into their own hands during and after their service year.

Mr Umoren Kufre, the Bauchi state Coordinator of NYSC gave the warning during the swearing-in ceremony of the 2025 Batch ‘C’ stream 1 corps members at the state’s NYSC permanent orientation camp, Wailo in Ganjuwa Local Government Area of the state on Friday.

“I urge you to obey all the rules and regulations governing the NYSC. In case you notice any irregularity, do not take the laws into your hands.

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READ ALSO:NYSC Deploys 1,900 Corps Members To Bauchi State

“Always ensure that you follow the proper channel of communication to express your grievances.

“Let me assure you again that management will ensure that the basic amenities you need in the camp are provided for you. Your safety and comfort remains our utmost priority,” he said.

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Kofre, who explained that a total of 2,050 corps members were posted to the state for the one year compulsory service, said there has not been any serious problem since the commencement of the course and the prospective corps members were participating actively in all camp activities.

He appreciated Gov. Bala Mohammed of Bauchi state for his continuous support to the scheme in the state as well as the complete renovation of Corps Members hostels and the construction of a brand new Multipurpose Hall in the camp.

READ ALSO: PDP NWC Suspends Legal Adviser, Anyanwu, Others Amid Convention Crisis

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The NYSC boss, however, called on the governor to help them rebuild the part of the camp perimeter fence that collapsed about a year ago.

Declaring the orientation camp exercises open, Gov. Bala Mohammed urged the corp members to take the lead and advocate for national development and transformation.

Represented by Mr Mohammed Umar, the State’s Head of Service, Mohammed called on them to take the noble call with utmost seriousness and commit themselves to achieving the scheme’s objectives of national unity and development.

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While administering the oath of allegiance, Justice Rabi Umar, the Chief Judge of the state who was represented by Abdullahi Yau, Deputy Registrar, High Court of Justice, charged the corps members to maintain law and order towards the peaceful orientation exercises

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17 Nigerian States Implementing CPS As PenCom Assets Rise To Over N26trn

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The National Pension Commission hassaid only 17 Nigerian states are currently implementing the Contributory Pension Scheme as its assets rose to over N26 trillion in September 2025.

Ms Omolola Oloworaran disclosed this during an event in Benin, Edo State.

Oloworaran, who was represented by the Commission’s Inspectorate Commissioner, Chief Samuel Chigozie Uwandu, stressed that CPS plays a vital role in national economic development.

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READ ALSO:Christian Genocide: Back Nigeria CPC Redesignation With Action, Nigerian Bishop Begs Trump

According to her, CPS has evolved beyond a retirement policy and has become a symbol of a national shift towards financial discipline and long-term planning.

Nigerian Newspapers: 10 things you need to know Friday morning ‎
Oloworaran noted that the scheme illustrates “a decisive break from past dependencies on state-provided old-age financial security to a new culture of retirement savings and forward planning.

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A contract between the worker and the employer, with the assurance that a lifetime of labour would be rewarded with financial security in old age.”

“Seventeen states out of the 36 states in the country are currently implementing the Contributory Pension Scheme. Twelve states have not started at all, while seven states are at various stages of establishing their pension bureaux.”

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