The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bashir Ojulari, has raised the alarm that crude oil theft in Africa has gone beyond local operators, with international cartels now driving the illicit trade.
Ojulari, who spoke yesterday in Abuja at the opening of the Africa Chiefs of Defence Staff Conference, said oil theft has evolved into a sophisticated global racket exploiting the continent’s weak security systems.
According to him, crude oil theft is no longer “a backyard operation” but “an organised crime run by international syndicates.”
He said:
“Security is not an adjunct to the oil business; it is the foundation of energy security. Our sector has improved because of the deliberate efforts of. . Continue..Reading. .
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