The Nigerian National Petroleum Company Limited on Thursday demanded a special court to halt crude oil theft in Nigeria. The national oil company is also asking for a speedy resolution of offenses related to vandalism and stealing of crude oil. According to statistics from the Nigerian Extractive Industries Transparency Initiative , Nigeria is losing…The Nigerian National Petroleum Company Limited on Thursday demanded a special court to halt crude oil theft in Nigeria.
Group Chief Executive Officer of NNPCL Limited, Mele Kyari, asked for the support of the judiciary in tackling the twin challenges of crude oil theft and pipeline vandalism. “In particular, the recommendation is that a special court be created to try those offenses as they hinge on our survival as a country, and/or for such trials to be conducted under an accelerated hearing process by the issuance of Practice Directions to that effect, with concomitant sanctions to deter would-be offenders,” Kyari stated.
The Nigeria Deposit Insurance Corporation has placed Heritage Bank assets all across Nigeria for sale. NDIC, in an advertorial in a newspaper publication on Thursday, announced the sale of 48 bank properties and chattel, which include vehicles, office equipment, plant, and machinery, located in 62 different locations nationwide. “The Nigeria Deposit Insurance Corporation in…
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