News

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

Published

1 year ago

April 25, 2023

Editor

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.

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.

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.

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.

“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.

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.

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.

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.

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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News

Edo Police Break Silence On Operatives Fighting Dirty In Viral Video

Published

26 mins ago

May 18, 2024

Editor

By Joseph Ebi Kanjo

The Edo State Police Command says a trending video showing two operatives of the command engaging in a fight is a handiwork of mischief makers.

In the video which has gone viral on the internet, two policemen are seen fighting themselves, while a voice commentary in the background claims they are from the Igueben Decisional Police Station headquarters in the state.

A writeup also attached to a version of the video sighted by Info Daily also claims that the policemen were fighting because of sharing formula of money collected from motorists on the highway. The writeup also claims that the incident happened yesterday, May 17th, 2024.

But reacting to the viral video in a statement issued by SP Chidi Nwabuzor, Police Public Relations Officer, the command said contrary to the claim, the incident happened in 2020, adding that disciplinary measures were taken against the erring policemen.

The statement which issued electronically to newsmen in Benin on Saturday evening partly reads: “Edo State Police Command wishes to inform the general public that it’s aware of a video trending on the internet showing two policemen that engaged themselves in a fight in public spaces and wishes to state as follows that;

“The now trending video happened in April 2020 in a community called Ebelle in the Igueben local government area of Edo State.

“The two erring policemen, namely; (i) F/NO.491112 CPL Ozimeade Aidonojie and (ii) F/NO. 516384 PC Salubi Stephen were attached to Ebelle Police Divisional Headquarters.

“They defaulted, tried in an orderly and upon conviction dismissed from the Force for the offence of discreditable conduct contrary to Paragraph ‘E’ Sub Section 111 of the Police Act and Regulations 370 Cap. P19 of Federation of Nigeria 2004.”

Nwabuzor in the statement reiterated the state Commissioner of Police, Funsho Adegboye, commitment to “making Edo State a desired secured state where the law abiding citizens and the general public go about their lawful businesses in making Edo State economic hubs of Nigeria without fear or intimidation.”

News

Excitement, Dance As ‘Looted Ancestral Stools’ Return To Oba Of Benin

Published

1 hour ago

May 18, 2024

Editor

It was a moment of joy, excitement and dance at the palace of the Oba of Benin as the revered monarch, Oba Ewuare II took custody of two looted royal stools from the German government.

They were handed over to the National Commission for Museums and Monuments, NCMM on behalf of the Nigerian government by the German authorities in 2022.

The Director-General of
National Commission for Museums and Monuments, Mr Olugbile Holloway made the presentation on behalf of the Federal Government on Saturday May18, 2024 in Oba of Benin Palace, Benin City.

According to history, the artefacts — Bronze and wooden Royal stools (Ekete), made during the reign of Oba Eresoyen and Oba Esigie several Centuries ago, were looted from Oba Palace during the punitive expedition in 1897.

Addressing the Benin Throne during the presentation of the artefacts, Mr Holloway, pledged on behalf of NCMM, to work-hand-in hand with the Benin Royal Court in uplifting and displaying Edo heritage.

He revealed that as the Benin Bronzes and other art works are gradually making their way home (Nigeria), “NCMM will join hands with the Royal Court to create a befitting destination for people around the world to come and appreciate these works”.

“What you see before us were originally taken away from the Royal family in 1897.

“We have a stool made of Bronze and a wooden stool.

“I speak for every member of my team, to say that we remain loyal to the Royal Court. And if there is anything we can do, we will do to support this laudable initiative.

“This heritage is not just Benin heritage, but Nigeria’s heritage.
When we speak of Benin heritage, there is nobody that doesn’t know the great works of ours.

“I appreciate you, we will always do what we can do with our powers to make His Royal Majesty lineage in memory”, he said.

After unveiling the repatriated Artefacts, Oba of Benin, who danced joyfully to Benin traditional rendition in dramatic dance steps, with excited Chiefs and members of the Royal family, offered prayers to Almighty God and his ancestors.

The traditional ruler, who was visibly overwhelmed with joy, appreciated the German government and the Federal Government and the NCMM leadership for their efforts.

The royal father, thereafter, in a historic move, sat in one of the royal stools (Ekete), and personally presented a chunk of white, which, according to belief, symbolizes peace and blessings to the Director-General of National Commission for Museums and Monuments, Mr Olugbile Holloway.

Oba Ewuare II also prayed for Mr Holloway and his team, accompanied by the Curator, National Museum, Benin, Mr Mark Olaitan, Director, Legal Services, NCMM, Barrister Babatunde Adebiyi on the visit where Royal Drummers gave a good account of their stewardship.

News

50-year-old Man Dies While Watching Football Match In Lagos Bar

Published

3 hours ago

May 18, 2024

Editor

A yet-to-be-identified man has died allegedly watching football in an open bar along Lagos-Abeokuta Expressway in Lagos.

It was discovered that the deceased, a man in his fifties, was a frequent patron of the open bar prior to the incident and had visited on May 15, 2024, to watch a football game.

But problems arose when it was later found that he was sleeping and that attempts to wake him up were unsuccessful.

The Lagos State Police Spokesperson, SP Benjamin Hundeyin, confirmed the incident by saying that on May 15, 2024, at approximately 7:00 PM, the owner of the open bar came to Elere Division to report that the same day, one of his male customers—whose name and address are unknown—died while watching a football game.

In an additional explanation, Hundeyin stated that when detectives from the division visited the scene, they saw the deceased lying lifeless on the chair without any signs of violence.

“His body has been taken to the mainland general hospital in Rusty Yaa for an autopsy,” he continued, “We are still trying to find his family.”