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Tantita Security Ltd Intercepts Stolen Crude Oil Vessel Being Escorted By Navy

ogelenews by ogelenews
August 4, 2023
in National News
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Tantita Security Ltd Intercepts Stolen Crude Oil Vessel Being Escorted By Navy
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The Tanita operatives said they were met with resistance from the navy boat escorting the vessel and that the naval commander threatened to deal decisively with them. But the private operatives said they refused to back down.

But they eventually contacted the National Security Adviser Nuhu Ribadu and the Chief of Naval Staff Rear Admiral Emmanuel Ogalla who authorised them to inspect the vessel.

Upon entrance into the ship, the security company says they noticed that the vessel was authorised to carry products by the navy but did not have any approvals from Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the authority responsible for the regulation of the midstream and downstream petroleum operations in Nigeria, for this said voyage.

The incident comes on the heels of the outcry by the Federal Government that the illegal trade of stolen crude oil inflicts significant economic losses on Nigeria to the tune of N2.3 trillion in 12 months.

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See also  Retirees, It May Be Time To Get Your Head Out Of The Sand
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