Nigerian Navy seized N420bn petroleum products in 2016


The Nigerian Navy on Wednesday said it seized 810,725 metric tonnes of stolen crude in 2016. It also seized 1,078,104 metric tonnes of illegally-refined diesel and destroyed 181 illegal refineries during the same period, Premium Times reports.

The Navy put the financial worth of the seized crude oil and diesel at N420.1billion, excluding the value of vessels, boats and vehicles it seized. The Chief of Naval Staff, Ibok Ekwe-Ibas, disclosed the figures in Abuja when he appeared before the House of Representatives Committee on Navy to defend its 2017 budget proposals.

Mr. Ekwe-Ibas, giving further details of the 2016 operations, said that 38 barges and 263 wooden boats were destroyed. He added that his officials also impounded 53 boats, arrested 784 suspects, confiscated 145 outboard engines and 135 speedboats. Other seizures and arrests were, 2,97 drums; 4,753 jerry cans; 27 trucks; 47 vehicles; 15 motorcycles; 139 geepee tanks; and 224 surface tanks.