ANY nation, state, collectivity or institution that is cocooned in the tenebrous oubliette and horrendous labyrinth of corruption and thievery in all things cannot walk the promenades of greatness.
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Hence, such moral contretemps will precipitate the mortal entropy of "venit summa dies et ineluctile tempus" (the last day has come and the evitable doom). Is this what is happening or going to happen to Nigeria and its oil industry in the light of crude oil theft?
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The Nigerian mono-cultural economy that is 99.9% dependent on oil is now facing total asphyxiation because it is being hounded, hectored and hunted by crude oil and petroleum thieves. Since the discovery of crude oil at Oloibiri, Bayelsa State in 1956 and its subsequent commercialisation in 1958, the Nigerian nation has not known peace because of corruption in the oil industry, the Nigerian leadership's skewed permutations on prices, pipeline vandalization, crude oil theft and general policy somersaults, etc.
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The Nigerian National Petroleum Corporation, NNPC, was establish by decree in April 1977 as successor to the Nigerian National Oil Corporation, NNOC, which was established by the Nigerian Government in 1971 to concretize and mosomophically solidify the bases of the strategic oil industry. The NNPC has undergone rainbow and multi-dimensional restructuring to enhance its efficiency index, functionality potentials and growth quotient. The administrative organogram is dichotomised along directorate lines, each headed by a Group Executive Director.
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The directorate has the National Petroleum Investment and Management Services, NAPIMS, which is the division of the Exploration and Production Directorate which oversees the Federations nearly 60 percent Investment in joint operations and engages in direct exploration services. The upstream subsidiaries include the National Petroleum Development Company, NPDC.