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Truck bearing NNPC logo caught with stolen crude

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By Mario Deepromoter

A truck with the name of the Nigerian National Petroleum Company Limited has been confiscated by security agents for conveying stolen crude oil in the Niger Delta.

The truck was among several other vehicles arrested in the past week by security agencies fighting oil theft.

In a visual report by the NNPC, the truck was seen in the video surrounded by government and private security agencies.

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In the past week, 36 illegal pipeline connections and 99 illegal refineries were uncovered, the NNPC said, stressing that the war on crude oil theft and industry-wide security collaboration on hydrocarbon infrastructure continued to record “remarkable progress”.

“Between September 7 and 13, 2024, a total of 218 incidences were recorded across several locations in the Niger Delta region from various incident sources like Tantita Security Agency, Shell Petroleum Development Company, Pipeline Infrastructure Nigeria Limited, Maton Engineering Nigeria Limited, Oando PLC, NNPC Limited’s Command and Control Centres and government security agencies,” the report stated.

In Rivers State, four illegal pipelines said to be cleverly hidden and connected to a crude oil line were exposed.

“These pipelines had been siphoning off precious resources from the nation’s coffers,” the NNPC stated.

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Similar illegal operations were reportedly uncovered in other communities as swift actions from security forces neutralised the illicit connections, preventing further losses.

It was disclosed that makeshift refineries used to process stolen crude oil were demolished in an aggressive crackdown with the sites, which were once fueling criminal enterprises now in ruins.

Large reservoirs of stolen crude were found in Bayelsa and River States, hidden in different places, while illegal storage sites were discovered in Abia State and Akwa Ibom States.

In some sites, crude concealed in polythene bags awaiting distribution to the black markets was detected.

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On land, security personnel intercepted several trucks and vehicles carrying stolen crude oil at key locations in Delta State.

Arrests were also made in Akwa Ibom and Rivers states, with the drivers handed over to relevant authorities for further investigation.

On the water, security personnel seized wooden boats commonly used for transporting stolen crude oil in Abia and Delta States.

“The incidents were spread across different corridors: 32 in the western corridor, 61 in the central corridor, 77 in the eastern corridor and 48 in deep blue water.

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“In total, 35 suspects were arrested during this period, all of whom have been handed over to government security agencies for further investigation,” the energy company reported.

The NNPC emphasised that there is no backing down on the war on crude oil theft until the menace is eradicated for good.

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Court remands Enugu husband for severing wife’s hand

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An Enugu man, Sunday Echeji, who was accused of cutting off his wife’s hand in domestic violence, has been ordered to be remanded in correctional centre.

Echeji was arraigned before Chief Magistrate Court 1 in Enugu, Enugu State, on Friday, according to a statement issued on Saturday by the office of the First Lady of the state.

The incident, which occurred in Ugwuogede village, Ibagwa-Agu, Nsukka Local Government Area, sparked widespread outrage across the state.

The accused person is charged with attempted murder under Section 275, Subsection A of the Criminal Code CAP 30, Vol. 1 Reversed Laws of Enugu State, 2024.

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However, the magistrate court transferred the case to the State Department of Public Prosecution, citing lack of jurisdiction.

Echeji was thereafter remanded at the Enugu State correctional centre pending his arraignment at the State High Court.

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FG to spend $600m yearly on electricity subsidy

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The Federal Government has announced plans to introduce an annual electricity subsidy of $600m for all customers from 2025 as part of efforts to reform the power sector.

The subsidy, expected to last until 2027, aims to bridge the gap between cost-reflective tariffs and regulated electricity rates, while the government works towards eliminating the metering deficit and enhancing the financial sustainability of power distribution companies.

According to Nigeria’s Energy Compact document obtained by Sunday PUNCH, the initiative is part of the National Energy Compact and aligns with Nigeria’s broader electrification and clean energy transition plans.

Nigeria, alongside Côte d’Ivoire, Zambia, and nine other African countries, presented its energy compact at a two-day summit in Tanzania, with a focused on innovative energy solutions.

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However, the policy is a temporary measure designed to ensure affordability while the government progressively moves towards full cost-reflective tariffs.

The document noted that the subsidy might take different forms, including a flat monthly subsidy per electricity consumer or a subsidy on the first 50 kilowatt-hours consumed each month.

This approach intends to reduce the regressivity of previous subsidies, where a significant portion benefited wealthier households.

By 2027, the government plans to introduce a social tariff to protect low-income and vulnerable customers once the broader cost-reflective framework is fully implemented.

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The document noted the Federal Government’s trajectory to full cost-reflectivity included a “$600m per year subsidy in 2025 to 2027 (while metering gap is being closed), and then fully CRT except for social tariff for vulnerable customers.”

It added, “In order to decrease the regressivity of electricity subsidies, move towards a full cost reflective tariff system which includes a limited and uniform subsidy for all customers in 2025 while the metering gap is being closed. This scheme can take the form of a uniform monthly subsidy per customer, or the first 50 kWh per month being subsidised.”

A key focus of the reform is closing Nigeria’s metering gap, which currently stands at approximately seven million unmetered electricity end-users.

The government outlined a plan to install 1.5 million smart meters in 2025, four million in 2026, and 1.5 million in 2027.

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The closure of the metering gap is expected to minimise losses in the sector, improve revenue collection efficiency, and ensure that tariffs are aligned with actual consumption, thereby reducing the need for future subsidies.

The electricity sector has struggled with financial sustainability due to high technical and commercial losses, low tariff recovery rates, and liquidity constraints.

Despite efforts under the Power Sector Recovery Programme, tariff shortfalls reached N650bn in 2023 and are expected to rise further in 2024, potentially exceeding N2.2tn.

The subsidy scheme would provide temporary relief while ensuring that distribution companies meet their financial obligations to power generation companies and the Transmission Company of Nigeria.

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Nigerians Decry Corruption Yet Defend Corrupt Leaders – EFCC Chair

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Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has expressed concern over the contradictory stance of many Nigerians regarding corruption.

He pointed out that while citizens frequently condemn corruption, they often rally behind corrupt leaders when they face prosecution.

Olukoyede made these remarks on Friday in Abuja during a visit by officials of the Centre for Crisis Communication (CCC), led by its Board of Trustees director, Chris Olukolade.

The EFCC chairman emphasized that corruption and financial crimes are among the biggest challenges hindering Nigeria’s progress. He asserted that tackling these issues requires collective responsibility, not just government intervention.

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“One of the major problems in Nigeria, which, when tackled, will make underdevelopment a thing of the past, is corruption and financial crimes,” Olukoyede stated.

He stressed that national progress depends on both leadership and citizen action, urging Nigerians to actively uphold integrity in their daily dealings.

“A society that is ready to move forward is a responsibility not only of the government but of the citizens. This is why some of us are deeply committed to this cause. We are prepared to do what is necessary within the confines of the law and the powers granted to us by the Constitution. If everyone decides to do the right thing, Nigeria will move forward,” he added.

Olukoyede reiterated the EFCC’s unwavering commitment to fighting corruption, assuring the public that the agency will operate strictly within legal boundaries while ensuring justice is served.

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Highlighting the importance of public cooperation, Olukoyede emphasized the need for strategic communication and collaboration with organizations like the CCC to enhance public awareness. He lamented the inconsistency in public reactions to corruption cases, noting that the same individuals who criticize corruption often defend high-profile figures facing corruption charges.

“It is unfortunate that people condemn corruption yet, at the same time, support those accused of it,” he said.

He criticized the public tendency to stage protests in support of politicians and business figures facing corruption trials, arguing that such actions undermine the fight against financial crimes.

“Everybody complains that corruption is ruining our system, yet when we investigate and prosecute high-profile cases, the same people take to the streets with placards in support of corrupt leaders. This attitude suggests that we are not serious about fighting corruption. The fight must be a collaborative effort,” he remarked.

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Olukoyede urged Nigerians to remain consistent in their stance against corruption, emphasizing that meaningful progress can only be achieved when citizens and authorities work together in the pursuit of accountability and justice.

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