Navy Arrest 9 Oil Thieves With Crude Worth N1bn

Men of the Nigerian Navy have arrested nine
suspected oil thieves in Bayelsa state over
crude oil theft.
The nine suspects were arrested aboard a

vessel laden with 66,000 barrels of suspected
stolen crude oil, after a tip-off at Ekremor
field in Brass River area of Ekeremor Local
Government Area of the state.
The vessel, MT Dera 1, belonging to an oil
exploration and production company, was
said to have gone to the Ekremor field for
product testing but was later discovered to
have illegally loaded 66,000 barrels (11
million) litres of substance suspected to be
crude oil.
Commodore Salisu Jubril, who paraded the
nine-member crew put the value of the crude
oil at over N 1billion.
Nigeria loses billions daily to oil theft, a
menace that has persisted for too long. The
stolen crude fuels a lucrative black market.

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