The Senate Adhoc Committee on oil theft has revealed it has commenced investigation into circumstances around oil theft and illegal bunkering activities in the Niger Delta region.
They bemoaned the large scale stealing of the country’s crude oil, noting how worrisome it is.
Chairman of the committee, Bassey Akpan, said this while speaking to journalists on arrival at the Port Harcourt International Airport over the week.
According to Akpan, the country had lost huge earnings and failed to meet the quota allocated by the Organisation of Petroleum Exporting Countries.
He said, “Our intention is to visit every oil terminal in the Niger Delta region to see things for ourselves, the reason for oil theft, the reason for oil losses.
“We at the National Assembly believe that the local refining capacity as a result of all the bunkering issues can never be guaranteed or be sustained or be ensured by the losses.
“We believe that there are other areas where the country loses this huge revenue and resources. So it’s a serious job we are out here to do.”
Akpan added that the committee would submit its report to the National Assembly, making necessary recommendations.