It’s all accounting fraud and less of oil theft . What they failed to produce is what they claim is stolen .

Gbenga Komolafe of NUPRC is certainly not involved. He is the only person addressing the problem methodically from the source of production.

Exactly .

Otherwise let any oil company that claim their oil is stolen report the crime at the nearest police station stating the quantity, time and place of the theft, and follow up with a petition the IGP .

There is no oil theft going on in Nigerians. The oil is taken, sold and the money pocketed by all those involved in the oil sector. No one is exempt.

He is very comfortable sitting on the fence and has even dug a hole with his uttocks.

He is concluding his sabbatical at Harvard and the Fletcher School of Law and Diplomacy….

:
VEHICLES
BAGS OF RICE
BALES OF CLOTHES
VEGITABLES OIL ETC. ALSO THE REPLACEMENT FROM IS OUT NOW,
THOSE ARE THE VEHICLES LISTED BELOW WITH THEIR PRICEGolf2 #300,000
Golf 3 #3500,000
Golf4 #400, 000
Golf 5 #420,000
Dyna truck 900k
Tipper head 6m
Toyota Camry big daddy=#750,000
Toyota Camry tiny light=#500,000
Toyota Venza=#1.4million
Toyota Matrix=#750,000
Toyota Avalon=#930,000
Toyota 4Runner=# 950,000
Toyota Avensis=#900,000
Toyota Corolla=#850,000
Toyota Rav4=#1.1million
IS250 1m
Es330 1.6m
Toyota Highlander=#1.3million
Toyota Tacoma=#1.5million
Toyota Prado=#1.2million
Toyota Yaris=#750,000
Toyota sienna=#850,000
Toyota Hilux=#2.5million
Toyota Tundra=#2.8million
Spider 1m800k
Muscle 1m900k
Mercedes-Benz GLK ₦3.Million
Benz ML550=2.6million
Toyota Sequoia #900,000
Toyota Haice Bus=#1,000,000
Toyota Camry muscle=#850,000 Toyota picnic=#800,000
Lexus RX300=#1.2million
Lexus RX330=#1.4million
Lexus RX350#=2.1million
Lexus GX460=#2.4million
Honda Accord EOD=#450,000
Honda Baby boy=#500,000
Honda Civic=#700,000
Honda Pilot=#750,000
Honda CR-V=#800,000
Honda Crosstour=#1m950,000
BMW X5=#1.2million
BMW X6=#1.6million
Infinity FX35 = #1.7million
Infinity QX45=#1.2million
Infinity QX4=#950,000
Nissan Murano=#900,000
Nissan Pathinder=#950,000
Nissan Altima=#800,000
Nissan Maxima=#630,000
Acura MDX=#1.2million
Benz ML350=2 million
Acura ZDX=#1.3million
Acura TL=#1 million
Mercedes-Benz C-Class ₦1.3Million
Mercedes-Benz E-Class ₦1.8Million
Range rover sport HSE=#3.5million Land rover discovery=#2.3millon
Land rover freelander=#8.2million
Gwagon=#7MILLION. E.T.C
O8O-_-_7163__9728〽.

"So the implication this is that either Nigeria does not lose up to 50,000 barrels of oil everyday as heralded , or the oil companies, NNPC /NUPRC and security agencies are all jointly members of the the oil theft cartel ."

I think some important people in the oil companies, NNPC/NUPRC and the security agencies are probably all in on this conspiracy.

Is the western John still on this forum

Dear Masked One,

I couldn't have said it better than you did; the Chicago Drug Baron has taken corruption and sleaze to dizzying heights; for how is it possible that violent intransigent criminals like Asari Dokubo; Ayiri Imami, Tompolo and Farah are the Security Guards for pipeline protection in Lugard's Zoo?

Femi Adeniyi always says so much without really saying anything…. so much useless recollections of the past that doesn't inform the future in any way.

Nigeria is one big crime scene; any reason why the NNPC shouldn't reflect the confederacy of vice, that it is?

Of all , the most thoughtful intervention I heard on the matter of COT in Nigeria was from GO of the RCCG- Pastor Adegboye . His should naturally lead to the bottom of the matter and truth if pursued by stakeholders . According to the GO :

1. How is the oil it stolen ?
2. Who are the individuals involved in the oil theft ?
3. Who is buying the stolen oil ?
4. Where do the oil thieves keep the proceed of the stolen oil sold at the black market ?

Apparently the fight against COT is not for the military going by the questions raised by the GO. Rather it is the work of the Police , DSS and NSCDC. Including CBN , EFCC and NFIU. It is purely about the steps taking by oil companies to safeguard their assets, followed by the investigation , arrest and prosecution by law agencies . Unfortunately, it’s doubtful if each crime of COT is reported to the Police as required of all crimes .

Yet , the issue of COT is actually exaggerated and this is obviously deliberate . Perhaps that is why the matter is shrouded with so much misinformation by those that ought to know . There is actually no capacity outside the oil industry that can handle 50,000 barrels of stolen oil everyday year round . Any competent person with knowledge of the oil and marine business will easily confirm this fact . The logistic requirements to steal , store and peddle 50,000 barrels of crude oil every day will be quite huge and complex not to be noticed by even the ordinary eye talkless of the operators, regulators and security agencies. So the implication this is that either Nigeria does not lose up to 50,000 barrels of oil everyday as heralded , or the oil companies, NNPC /NUPRC and security agencies are all jointly members of the the oil theft cartel .

In the past era of 2003-2015, there indeed was humungous COT due to many factors especially the lack of capacity by the security agencies , the Nig Navy in particular. But since 2017 the Navy had been able to dominate the maritime environment and completely wiped out piracy and monitors the sea , while restricting illegal movements within the waterways . The currently activities of the Navy has put paid to any large scale COT activities in Nigeria .

Undoubtedly, what Nigeria oil sector suffer from today is largely low production of oil & gas . Two things are responsible. First is lack of investment in oil & gas infrastructure over the past decade, while the other is the twin evil of pipeline vandalism and activities of illegal artisan refineries dotting the landscape of the Niger Delta. Of the latter , pipeline vandalism is the most damaging of all since it prevents the free flow of produced oil to distant terminals for export, and also shuts-in the crude oil in the wells leading to stoppage of production . It is largely the combined low production and shut-ins that are fraudulently promoted as stolen oil by industry stakeholders to hide their incompetence and perpetuate accounting fraud related to production cost .

Pipeline vandalism is the attack and destruction of pipelines mostimes using explosive devices and heavy equipment. Operators of illegal refineries do not destroy pipelines, rather they tap into the flow to divert crude oil to their storage dugout pits for “ cooking “ . No doubt operators of Illegal refineries are pilfering from the flow of crude oil and they create extensive damages to the environment . All these are condemnable and are serious crimes , but the theft of crude oil here is periodic and less than 5% of oil production in Nigeria. On the other hand , pipeline vandalising is a highly lucrative crime with 'gains' for all across the entire criminal value chain . The consequence to production by shutdown of the line is however more devastating than the actual crime of destruction of the pipeline.

So the question today, taking a lead from Pastor Adegboye’s, should be :

1. How are pipelines vandalized ?
2. Who are those vandalizing the pipelines?
3. What is motivating the pipeline vandals and what is their intention ?

Clearly the earlier era of COT involved extensive costly operations with the involvement of all stakeholders and resourceful highly connected criminal individuals up till 2018. These people made huge money in USD and have since diversified into legitimate businesses including politics . Currently, a different breed has taken over the new dimensions of the crimes against the oil sector . Some of them are insiders still within in the oil industry while the others are local community strongmen .

Pipeline vandalism is the real deal today !

Yes, still the same old story because we have been running with hares and hunting with hounds. Who actually sends a thief to catch a thief, like asking a cat to look after fish?

No need "breaking Nsugbe coco-nut" as my fathers would say. Who sows groundnuts while having hares in a bag?. I meant, which nation appoints a sitting president who has interest in oil business, Minister of Petroleum? Shhhhhh!

Sorry, forgotten we do not like truth in this country for we prefer living in denial and speaking from every sides of the mouth except the side that tells truth. A nation of lies, deceits and grand hypocrisy!

Yes, still the same old story because we have been running with hares and hunting with hounds. Who actually sends a thief to catch a thief, like asking a cat to look after fish?

No need "breaking Nsugbe coco-nut" as my fathers would say. Who sows groundnuts while having hares in a bag?. I meant, which nation appoints a sitting president who has interest in oil business, Minister of Petroleum? Shhhhhh!

Sorry, forgotten we do not like truth in this country for we prefer living in denial and speaking from every sides of the mouth except the side that tells truth. A nation of lies, deceits and grand hypocrisy!

Yes, still the same old story because we have been running with hares and hunting with hounds. Who actually sends a thief to catch a thief, like asking a cat to look after fish?

No need "breaking Nsugbe coco-nut" as my fathers would say. Who sows groundnuts while having hares in a bag?. I meant, which nation appoints a sitting president who has interest in oil business, Minister of Petroleum? Shhhhhh!

Sorry, forgotten we do not like truth in this country for we prefer living in denial and speaking from every sides of the mouth except the side that tells truth. A nation of lies, deceits and grand hypocrisy!

That's a better useful thing to bother about than oil theft!