Oil theft cost Nigeria $1.35 bln, group urges legal task force

Published 19/09/2019, 22:15
© Reuters.  Oil theft cost Nigeria $1.35 bln, group urges legal task force

ABUJA, Sept 19 (Reuters) - Nigeria lost $1.35 billion to oil

theft in the first six months of this year and needs a legal

task force with special courts to tackle it, a government

committee said on Thursday.

The committee, set up to investigate theft from the miles of

pipelines that snake through the country's swampy, oil-rich

Delta region, said the theft will only grow if the government

does not take special action to combat it.

In addition to a legal task force, with dedicated courts,

prosecution teams and specially trained judges, it also said oil

pipeline maintenance and ownership needed to be restructured.

"The governance structure of the pipeline(s) is such today

that no one is held accountable...when these losses occur," the

committee, chaired by Edo state governor Godwin Obaseki, said in

its report.

The four primary pipelines lost 22.5 million barrels of oil

in six months - roughly 6% of Nigeria's nearly 2 million barrels

per day (bpd). The committee also cited a lack of fuel stations in most of

the oil-producing communities around the Niger Delta, which it

said made them resort to oil theft and illegal refining.

The recommendations will go to President Muhammadu Buhari,

who control's the country's petroleum portfolio.

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