Investigate Alleged $1.35bn Crude Oil Loss In 6 Months CSO Tells FG

By Emeka Amadi

A Coalition of Civil Society Organization, “Nigeria National Interest Defenders, NNID, on Monday demanded for the immediate investigation of the alleged loss of 22 million barrels of crude oil worth about $1.35 billion in six months through an International Oil Company.

Addressing a World Conference in Abuja yesterday, Chief Perry Opara, the Coordinator of the group called on the President Muhammadu Buhari, the Inspector General of Police, Mohammed Adamu, Economic and Financial Crimes Commission (EFCC) and other heads of security agencies to charge the International Oil Company, IOC, which was responsible for the loss.

The Group further called for the immediate nationalisation of the International Oil Company, IOC, for non-remittance of crude oil shipment revenue.

Describing the non-remittance as sabotage of the President Muhammadu Buhari’s Economic Agenda, Chief Perry Opara, called on the government to commence immediate construction of alternative terminals in collaboration with indigenous companies to ensure accountability and transparency while allowing explorers who pump oil into shell terminals to have an input to the terminal operations.