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NEWS and REPORTS => Nigerian News => Topic started by: Shola Sholaz on Jul 19, 2013, 12:05 AM

Title: Presidency Indicts IOCs In Oil Theft
Post by: Shola Sholaz on Jul 19, 2013, 12:05 AM
International oil companies, IOCs, have been accused of alleged complicity in oil theft in some oil-producing communities, a move, it said is capable of threatening the nation's economy.
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Making the revelation while briefing newsmen, the Special Adviser to the President on Niger Delta Affairs, Mr. Kingsley Kuku, said Federal government would not leave any stone unturned in tackling the incident.
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Kuku also pointed accusing fingers at notable personalities for aiding the nation's crude oil theft.
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He said that the process of stealing crude oil from pipelines in the coastal areas requires highly technical and mechanical expertise, which ordinary Nigerians or residents of the oil-producing communities do not have.
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He absolved Niger Delta governors of complicity in crude theft, saying there was no evidence of their involvement.