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

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Vice President Prof Yemi Osinbajo has said that oil theft and losses pose a serious threat to Nigeria’s economy and impact negatively on the revenue of the nation.

According to the Vice President, if left unchecked, these could fuel a public finance crisis that paralyses the government and makes the nation vulnerable.

Osinbajo spoke at the stakeholders conference of the Special Investigative Panel on Oil Theft and Losses in Nigeria on Tuesday at Transcorp Hilton Abuja

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“Oil Theft and Losses is a threat to our economy and national security. They pose a serious threat to our oil economy and impact negatively on revenue of the nation and business prospects of investors in the oil and gas sector.” Osinbajo said.

READ ALSO: NNPCL Vows To Stop Oil Theft As Production Rises Above 1.6m Barrels Per Day

“If left unchecked this could fuel a public finance crisis that could paralyse the government and make our nation vulnerable,” he added, saying that Oil contributes about 80% of government foreign exchange and contributes six percent of the country’s Gross Domestic Product, GDP.”

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He said that large scale theft of crude has undermined the government’s efforts to maximise these resources.

“So the total value of oil lost between 2019 and 2020 is higher than Nigerian foreign reserves at any point in time and almost ten times Nigerian oil savings in the excess crude account. So it’s not an exaggeration at all to say that our oil and gas sector is facing the most serious threat for over half a century…” the VP said.

Speaking earlier, Chairman of the Special Investigative Panel on Oil Theft/Losses in Nigeria, Major General. Barry Ndiomu, rtd, said that the panel said there is no gainsaying the enormous impact the menace of oil theft has had on the nation’s crude oil production with Nigeria’s oil output hitting a 13-year low of 800,000barrels/day.

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The panel visited several sites across the Niger Delta such as the now infamous Yokiri Flow Station Area in Burutu Delta State where the illicit connection on the export line that fed off the TETL was discovered and saw other connecting points used for illegal refining,” he said.

READ ALSO: PAP: Group Gives Ndiomu Nod On Performance, Anti-oil Theft Panel

He said that there have been engagements with the Attorney General of the Federation and Minister of Justice, the Economic and Financial Crimes Commission EFCC, amongst others. which availed the panel information on the challenges the respective organizations faced in securing the nation’s oil assets and combating oil theft.

“These efforts provided us new knowledge and elicited honest discussions amongst panel members that led to some obvious conclusions. We surmised that the reported theft and loss of crude oil stemmed from the twin issues of complicity and negligence.

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“The emergent picture suggests the existence of a sophisticated network of complicity between elements from the host communities, security agencies, and industry players- both government and private institutions alike- as well as international collaborators.”
DAILY POST

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Children’s Day: Chaos At Ogbe Stadium As Dozens Faint

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Chaos erupted on Wednesday during the Children’s Day celebration as dozens of students reportedly collapsed following a stampede triggered by the use of pepper spray.

The event,
organised by the Edo State Ministry of Education at the Samuel Ogbemudia Stadium was disrupted after some male students of Ihogbe College allegedly made uncompromising advances towards female students at the venue.

‎ A parent who identified himself as Oboh Emmanuel said, “the behaviour of those uncultured students attracted the attention of bouncers stationed at the stadium as they rebuked the male students.”

‎Oboh said the affected students later regrouped and attacked the bouncers, leading to a confrontation within the crowded arena.

READ ALSO:Children’s Day: Edo Commits To Child Protection

It was gathered that in the ensuing confusion, the bouncers were reported to have deployed pepper spray in an area occupied by a large number of students.

‎Several students, particularly female students, reportedly fainted after inhaling the substance, while others sustained injuries after being stepped on during the ensuing melee.

‎The panic was said to have spread across the stadium as students, teachers and parents scampered for safety.

‎Many of the affected students were reportedly rushed to the Edo Specialist Hospital for medical attention.

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READ ALSO: Egor LG Chair, Ogbemudia, Vice, Osawe Impeached

Reacting to the incident, Chief Press Secretary to Governor Monday Okpebholo, Dr Patrick Ebojele, said the security personnel that fired the tear gas had been detained.

He said all the students, except two, that were rushed to the hospital have been discharged.

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Ebojele stated that doctors wanted to observe the students till tomorrow before allowing them to go home.

The two students are not seriously injured. Doctors want to observe them overnight. Permanent Secretary, Ministry of Education is still at the hospital. The man who used pepper spray has been detained.

“The incident did not happen the way it is being exaggerated. All modalities were put in place to ensure the children enjoyed their day.”

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Okpebholo Salutes Edo Muslims, Seeks Continued Support, Prayers

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Governor Monday Okpebholo of Edo State has urged Muslims and all Nigerians to continue to pray for peace, unity and progress in the country even as they celebrate the annual Eid-al-Adha

The governor, who was represented by his deputy, Dennis Idahosa, stated this during the annual Eid-al-Adha celebration with Muslim faithfuls held at Government House in Benin City.

He reiterated his administration’s commitment to fairness, inclusivity and equal opportunities for all citizens irrespective of religion and tribe.

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READ ALSO:ADC Penetrates Okpebholo’s District As Defections Strengthen Party in Edo Central

According to him, the present administration remains determined to building a government that reflects the diversity of Edo State, noting that competent and qualified Muslims have continued to play vital roles in his government because of their capacity, integrity and commitment to service.

“As a government, we remain committed to fairness, inclusivity and equal opportunity for every Edo citizen, irrespective of religion, ethnicity or political affiliation. This is why quality and competent Muslims are serving in key positions in our administration.”

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Okpebholo appreciated the Muslim community in Edo State for their unwavering support and continuous prayers for his administration, noting that such prayers and support have contributed immensely to the peace and steady development being witnessed across the state.

READ ALSO:Okpebholo Felicitates Muslims On Eid-el-Fitr Celebration

He then called on all Nigerians to use the occasion of Eid-al-Adha to pray for the administration of President Bola Ahmed Tinubu, stressing that the country needs collective prayers, unity and cooperation to overcome its present economic and security challenges.

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I urge all Muslims and indeed all Nigerians to use this occasion to pray for our dear nation and for the administration of President Bola Ahmed Tinubu. Nigeria needs our collective prayers, unity and support as we strive to overcome our challenges and build a more prosperous future for all.”

In his remarks, the Chief Imam of Edo State, Abdulfatai Enabulele, applauded the governor for what he described as remarkable developmental strides recorded in less than two years in office.

The cleric commended the administration for ongoing infrastructural development and efforts geared towards improving governance in the state, but appealed to the government to revisit and complete some abandoned projects inherited from the previous administration for the benefit of the people.

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Children’s Day: Edo Commits To Child Protection

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The Edo State Government has reaffirmed its commitment to protecting the rights of children, promoting quality education, and strengthening sports development across the state.

This assurance was given by the governor of Edo State, Monday Okpebholo, during the 2026 Children’s Day Celebration and Governor’s Cup Finale held on Wednesday at the Samuel Ogbemudia Stadium, Benin City.

Addressing pupils, students and teachers,
the governor described children as the pride of Edo State and the future of the nation.

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The governor, represented by his deputy, Dennis Idahosa,
noted that the annual celebration provides an opportunity to honour their dreams, talents, and limitless potential.

READ ALSO:Eid-el-Kabir: Edo Deputy Gov Solicits prayers For Okpebholo

Speaking on this year’s Children’s Day theme, “Choose Kindness, Reject Bullying,” the governor said the message was timely and significant, as it emphasizes the need to create safe, supportive, and inclusive environments for children both in schools and communities.

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He stated that bullying in all forms — physical, verbal, emotional, or online — has no place in society, adding that the Edo State Government remains fully committed to protecting the rights and dignity of every child.

According to him, the administration will continue to strengthen policies and programmes that promote child protection, discipline, mutual respect, and positive learning environments across schools in the State.

The governor urged children to embrace kindness, compassion, teamwork, and respect for one another, stressing that true strength lies not in intimidation but in empathy, good character, and mutual understanding.

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