• Saturday, September 07, 2024
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CSO petitions Senate, EFCC to probe Nigeria’s daily crude oil production

Crude oil remains Nigeria’s export Achilles heel

Crude oil

The Nigeria Citizens Watch for Good Governance, a civil society organization, has petitioned the Nigerian Senate to investigate the number of barrels of crude oil produced in the country daily.
The organization alleged discrepancies in the figures announced by Mele Kyari, Group Managing Director/CEO of the Nigerian National Petroleum Corporation Ltd. (NNPCL).
While Kyari recently claimed that the production stands at approximately 1.6 million barrels per day, the organisation noted allegations suggesting the actual figure might be closer to 2 million barrels per day.

The organization has also sent a similar petition to the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

In the petition, signed by Collins Eshiofeh, the National President of the organization, and Mohammed Grema Adamu, the Secretary-General, the CSO urged the National Assembly to urgently investigate these discrepancies.

They called for the involvement of the GMD of NNPCL, all International Oil Companies (IOCs) operating in Nigeria, and other relevant stakeholders to verify the actual number of barrels of crude oil produced daily.

The organization emphasized the need for the NNPCL to adopt the latest modern technology to accurately monitor and report crude oil production.

The petition further highlighted the irony of the continued decline in Nigeria’s crude oil production despite the presence of various security outfits, including the Civil Defence, Military, and private contractors, supposedly guarding national assets.

The CSO questioned the effectiveness of these security measures in preventing oil theft and vandalism, which have been cited as reasons for the decline.

The organization also called on the EFCC, ICPC, and other relevant anti-corruption agencies to address any discrepancies in the declared figures to ensure transparency and accountability in the oil sector. They stressed the importance of accurate reporting to meet Nigeria’s OPEC allocation and to prevent revenue leakages.