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JUST IN: An End To Crude Oil Theft in Nigeria Underway  – Uzodinma

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The Chairman of the National Executive Council (NEC) Committee on Crude Oil Theft and Management, Hope Uzodinma, said Thursday,  ‘there is an end in sight to crude oil theft in Nigeria.”

Uzodinma – the Governor of Imo State, who gave this assurance,  described crude oil theft in Nigeria as a “monster”,  that the menace is particularly worrisome, and tackling it decisively will improve the oil production profile of the country.

Uzodinma , had after a meeting of the Committee in Abuja, also ruled out the importation of crude oil in Nigeria but expressed optimism of an end to it.
He said that the report of the committee, if implemented by NEC will stop crude oil theft in Nigeria.
The committee had during its last meeting in January 2024 developed an action plan and roadmap that would be used to confront crude oil theft head on, and resolved to identify the areas of leakages, likely causes and way forward.

He said, “This is Sub-Committee on National Economic Council and our job is really to look into crude oil theft, and prevention of the theft. Arising from that, we did a lot of fact findings, we made a lot of consultations. We spoke to critical stakeholders and we are beginning to see light at the end of the tunnel.

“It is our hope that at the end of this assignment, we will put together a report that is very bold and courageous that will be useful to NEC, and if implemented, will stop this monster called crude oil theft. Then, our natural resources endowed by God, oil and gas, we will be able to tap into it and develop our country.

“The implications of increasing production and reducing losses is that we will become more solvent, our Naira will also be stronger and access to foreign exchange easy. In consequence of that, the cost of living will come down, and prices will begin to come down, inflation will also begin to reduced.”

“Nigeria Not Importing Crude Oil”

Uzodinma said, “I don’t think and I have never seen it anywhere that Nigeria is going to import or is importing crude oil. Of course, the sector is gradually being deregulated.

In our private refineries, of course under the open market system, private refineries can buy their crude oil from any market, anywhere in the world.
But for Nigeria as a country, currently we are exporting crude oil, I pray that there will be a day when we begin to import crude oil to augment what we have for the purpose of manufacturing and stimulating our economic activities.

“In South Korea, they have 22 refineries, and they don’t produce one barrel of crude oil. All the crude oil they use for processing or for servicing the refineries are all imported and it is defined and developed economy.

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UPDATE: Four-storey building collapses in Lagos (Photos)

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A four-storey building has collapsed in Ojodu-Berger area of Lagos, with occupants trapped, and some feared dead.

Panic gripped residents when the uncompleted building suddenly collapsed on Saturday.

The building houses the popular Equal Right Restaurant.

The incident happened at about 11a.m., today.

As of press time, men of Lagos State Fire and Rescue Service, as well as the Lagos State Emergency Management Agency, LASEMA, who had been contacted have arrived at the scene.

See photos below:

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BREAKING: Many feared trapped, as Building collapses in Ojodu Lagos

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An unspecific number of people are believed to be trapped under an uncompleted storey building which collapsed in Lagos.

The building housing Equal Rights restaurant located at Oremeta Street, Ojodu Lagos, went down on Saturday morning.

It is believed, however, that some people are still trapped underneath the rubble.

Details later….

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Crime

Police rescue 10 kidnapped University of Benin students

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Edo State Police Command says it has rescued 10 University of Benin, UNIBEN, students abducted by suspected kidnappers at Ofosu area along the Benin-Ore expressway.

It was gathered that the students were on their way to Babcock University for Annual GYC Africa Conference when they were kidnapped on April 16 at the community bordering Edo and Ondo States.

The Public Relations Officer of the Command, Moses Yamu disclosed this in a statement made available to newsmen.

Yamu said the rescued students are eight males and two females.

He said during the rescue operation, one of the suspected kidnappers was killed, while other escaped with bullet wounds.

He also disclosed that one of the Police officers, an Inspector sustained gunshot injury and is currently responding to treatment in an undisclosed hospital.

The statement read: “The Command wishes to update the general public of the unfortunate kidnap of some students who were on their way to Babcock University for Annual GYC Africa Conference on 16/04/2025 at a location bordering Edo and Ondo States.

“On receipt of this information, the Commissioner of Police, Monday Agbonika, immediately deployed operatives of the Ohosu Division, IRT, tactical teams alongside vigilantes and hunters into the bushes for possible rescue of the victims and arrest of suspects.

“During the operation, operatives engaged in a gun duel with these kidnappers. In the process, one of the kidnappers was neutralised, while others escaped with bullet wounds.

“The operatives were cautious to avoid collateral damages as the kidnappers used the victims as human shields. Unfortunately, an Inspector of Police sustained a gunshot injury and is currently responding to treatment.

“This rescue effort eventually paid off as the ten (10) kidnapped students comprising eight (8) male and (2) females were released due to intense pressure mounted on them.”

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