Oil theft: Navy absolves NNPC of culpability

which has led to loss of revenue to the government and pollution of the operating environment. The Navy in a statement signed by its Director of Information, Commodore AO Ayo-Vaughan, asked the public to… which has led to loss of revenue to the government and pollution of the operating environment.

He added that what transpired at a recent interactive hearing before the Senate Committee on Economic and Financial Crimes was completely misconstrued by the said newspaper. “Pertinently, to attempt to imply otherwise will be a gross misrepresentation of the cordial and mutual working relationship between the two organisations.

Ayo-Vaughan revealed that top on the list of the mutual efforts is the planned return of the ‘Fisicalisation’ process, which was stopped in the late 1980s, whereby personnel of the Navy as at then, will now again be present at offshore oil loading terminals/platform to physically sight the meter reading at the point of loading of crude oil to tankers at sea.

The committee demanded explanations on why the country continued to nurse an endless revenue haemorrhage as a result of crude oil theft, aside from the devastating impact on the environment of the host communities.

In London Chatham House debacle by Tinubu & his gang they pointed out squarely that the Security agencies are the oil thieves!

If you no understand English. We find Receiver Collecting blood Money. let aside Theft.

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