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April 15, 2024
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Plugging the leaks: NNPC turns to EFCC to combat oil theft.

Nigeria’s NNPC Ltd. asked EFCC for help to stop crude oil theft. The CEO, Mr. Mele Kyari, spoke to EFCC’s head, Mr. Ola Olukoyede, at a meeting in Abuja. Kyari said oil theft was a big economic crime in Nigeria.He asked EFCC to assist in stopping it.

Kyari mentioned efforts to stop corruption and oil theft. He said they shut down 6,409 illegal refineries and removed 4,846 illegal pipes. But there were still many more illegal connections. He said it was a big problem in communities and locations known to all.

Kyari said these illegal connections were big and needed skill to install. These thefts stopped oil from reaching its destination which hurt the business. He felt EFCC’s job was to stop economic crimes, and this was the biggest one.

On corruption in the system, Kyari said NNPC Ltd has rules to stop unethical standards and has set up ways to prevent bad actions that cause corruption. He said most processes in the company have been fully automated to discourage arbitrary actions.

He disclosed that many news about corruption in public are not true and are recycled from the past.  Executive Chairman of EFCC, Mr. Ola Olukoyede, expressed satisfaction with NNPC Ltd’s pledge to do what’s right. He, however, challenged management to ensure that the codes of ethics and regulations are enforced to enhance deterrence.

The interactive session was at the instance of the Group Chief Executive Officer, Mr. Mele Kyari.

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