₦8.41Trillion Oil Theft Drains Economy, Fuels Investor Doubts
Nigeria’s economy is facing another major setback as reports reveal that oil theft worth ₦8.41 trillion has occurred over the years, worsening the nation’s financial challenges. Experts say this massive loss has not only drained government revenue but also created serious doubts among foreign and local investors. Oil theft has remained a long-standing problem in […]
Nigerian army uncovers 11 illegal bunkering sites in four states
The Nigerian Army has discovered 11 illegal oil bunkering sites during a six-day operation in four states — Akwa Ibom, Bayelsa, Delta, and Rivers. This effort was part of a mission to stop crude oil theft in the country. Lieutenant Colonel Danjuma Danjuma, the spokesperson for the Army’s 6 Division in Port Harcourt, shared the […]
Two Suspects Arrested as NSCDC Discovers Illegal Refinery in Abia Forest
The Nigeria Security and Civil Defence Corps (NSCDC) in Abia State recently discovered an illegal refinery hidden deep within a forest in the Isiala Ihie community, located in the Ugwunagbo Local Government Area. The operation, which took place on November 26, 2024, led to the arrest of two suspects and the recovery of large amounts […]
Nigerian Soldiers Arrest 8 for Crude Oil Theft in Bayelsa and Akwa Ibom
Oil theft and pipeline vandalism have been persistent issues in Nigeria, particularly in regions like the Niger Delta. These illegal activities not only harm the country’s economy but also damage the environment and endanger local communities. Recently, the Nigerian Army’s 6th Division made significant progress in curbing these crimes by intercepting suspects involved in oil […]