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Crude Oil Theft: Why Peter Obi’s Allegations Against Nigerian Govt may be True

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Peter Obi has denied receiving $150m donation from Nigerians in the diaspora

By Edozie Obasi-Eze

The deafening noise about crude oil theft in Nigeria has gotten to a level where no right-thinking person can continue paying a deaf ear to it.

Nigeria Earns N12.4tn from Crude Oil in 11 Months – ReportWith individual households carving in under prevalent economic pressure, which is biting hard with stagflation, there’s little doubt that the man on the street is being compelled to ponder what has become of the national wealth.

While those in authority have been quick to point accusing fingers at hoodlums, particularly the natives of the Niger-Delta region, those who know maintain that hydrocarbons are of such nature that they cannot be sneaked out of any part of the world without the authority being culpable.

This much the presidential flagbearer of the Labour Party, Peter Obi averred recently.

He also brought it to national consciousness that those behind crude oil theft, having been startled by his posturing that truth must be told are now masterminding his being taken out of circulation.

The elite class would rather that their well-thought-out, and overly played-out narrative, of pointing accusing fingers at criminal elements, especially in the Niger Delta continues to circulate.

But Nigerians appear to have had enough of that and have started going out of their way to share information with the public that buttresses why Mr Obi’s allegations might be true.

In a recent trending video making the rounds on social media, an anonymous vlogger went aboard what he described as “an anonymous vessel” which he categorically averred was capable of loading and lifting up to one million barrels of crude oil.
The male voice in the video described the vessel, as a Very Large Cargo Career (VLCC).

Read Also >> Trending Video: Obasanjo Hands Over His Seat To Obi, Says ‘My Job Is Done’

The man who made or voiced the video appears very familiar with the operations of the oil industry and the security architecture in the sector.

Drawing from inside knowledge, he pinpointed universal vessel tracking standards, which the Navy of sovereign nations deploy to keep all vessels that sail into their territorial waters, for whatever purpose, under the radar.

The trackers, the voice said, aid the Navy in clearly identifying and monitoring vessels up to 1,000 nautical miles from the seaport.

The video showed a piece of equipment, that looked like a clock which he asserted was capable of helping the Nigerian Navy fish out each and every ship sailing into Nigeria’s territorial waters, and have it under the radar, each second of the day.

According to the voice, the Global Positioning System (GPS), Automatic Identification System (AIS) and, Long Range Identification Tracker (LRIT) were all at the disposal of the Nigerian Navy, which reinforces claims in an earlier interview by Obi, that the government officials were behind crude oil theft in Nigeria.

The 2’51” video showed vivid images of a vessel fortified with all the equipment the voice was referring to, to buttress that Obi was right that those, who have been raping the Nigerian economy by lending official channels for crude oil theft were capable of going after the presidential hopeful.

Beaming his camera on the VLCC, he said, “Now, there is no how that a vessel of this magnitude; ship of this size will sail into Nigeria’s territorial waters, load crude oil and sail out undetected, unnoticed.
“And they (the authorities) will be telling the world that nobody knows when the ships sail in, load Nigeria’s crude oil and sail out,” he retorted.

He emphasised that “the moment any ship enters Nigeria’s territorial waters, both the Navy and the Nigerian Customs Service (NCS) have good enough resources (human and equipment) to notice and bring it under the radar, even before it gets into any form of activities.

“And the authorities would be addressing the people as if they cannot reason anything out.”
It does appear that the increasing outcry has gotten to the authorities, though, as relevant agencies of government have begun responding to the issue.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Wednesday went public with a vow to clear the air on the narrative, by getting to the root of the matter, with a probe.

Chief Executive, NUPRC, Gbenga Komolafe, who personally signed the statement to drive home the importance, vowed that the Commission would investigate the operational and commercial activities of companies licensed to explore and produce crude in Nigeria.

He said, “One of the steps, in line with its (NUPRC) technical and regulatory powers, is to probe into the operational and commercial activities of exploration and production companies operating within the country.

”Komolafe added that the NUPRC would busy itself with determining the level of compliance or otherwise of the oil majors with the terms of their licences.
According to the CE, the main purpose of the probe would be “to ascertain the level of compliance with the terms and conditions in their (oil firms’) operational contracts, as well as the challenges impeding expected deliveries.

“The commission will particularly be interested in the mode of operation of the companies in relation to the approvals as per their operational licences, the level of conformity with the technical provisions and production terms, their level of investments to enhance capacity utilisation, and the challenges they are facing, especially those contributing to the current unacceptable situation.

“Beginning from Wednesday, September 28, the commission will be engaging all the exploration and production companies individually to get to the root of the current situation as it believes strongly that there might be more fundamental issues in the industry affecting expected output and deliveries beyond the much-touted issue of crude theft.

”Biztellers gathered that to demonstrate its seriousness over the matter, the NUPRC had already sent invitations to the identified oil majors to appear before it.
Other voices who have been speaking against crude oil, include elder statesman, Pa Edwin Clark.

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Subsidy Removal, Currency Reforms Vital For Economic Revival – VP Shettima

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Vice President Kashim Shettima has called on Nigerians to exercise patience with President Bola Tinubu’s administration as it tackles the economic difficulties inherited upon assuming office.

He expressed confidence that the nation’s economy will witness substantial progress in the near future, leading to improvements in key areas such as inflation, income levels, GDP, poverty alleviation, and food security.

The appeal was made during the 2nd Chronicle Roundtable organized by 21st Century Media Services in Abuja on Thursday.

He said “Soon, Nigeria’s economy will experience significant growth once we’ve overcome these sacrifices. Positive changes will soon be evident across all economic indicators – inflation, per capita income, GDP numbers, poverty reduction, food security, and all aspects close to the hearts of our people.”

As the Guest Speaker at the roundtable, Vice President Kashim Shettima, through his spokesman Stanley Nwocha, elaborated on significant policy initiatives undertaken by the Tinubu administration.

These include the removal of petroleum subsidy, which he highlighted as a major issue prior to Tinubu’s leadership.

He emphasized the need for patience and time to tackle the substantial challenges, particularly the nation’s struggling economy, which was in a precarious state upon assumption of office.

Shettima said “We look forward to the positive impact on the economy that will be brought by some of our new initiatives in the oil and gas sector, creative arts sector, the newly rejigged steel and solid minerals sectors, our housing sector, the blue economy, and the digital sectors, to mention but a few.

“There is no doubt that there’s a time to plant and a time to reap. In between those times, we appeal for patience and seek collective sacrifice from all, especially from us. We wish there were a way to treat this ailment without surgery.”

In his address titled “Because These Shortcuts Are Not The Right Ways,” Vice President Kashim Shettima acknowledged the challenging nature of the decision to remove fuel subsidy, given its adverse effects on citizens’ lives.

However, he emphasized that it became a necessary choice when it was revealed that the previous administration of former President Muhammadu Buhari had not allocated funds for it in the 2023 budget.

He explained: “His Excellency, President Bola Ahmed Tinubu, chose the option that would save the life of the nation, instead of one that would merely prolong its imminent and predicted economic death. Before we took charge, the biggest elephant in the room was the question of fuel subsidy removal.

“We understood why our predecessor made the decision to remove it and refused to budget for it in their final fiscal year. The year before we took office, Nigeria’s debt service-to-revenue ratio had grown to 111.8%.

“The anticipated debt crisis may sound like fancy economic jargon to the man on the street, but you and I are in a better position to understand how such miscalculations have played out in other countries. It’s an economic death sentence.

“In plain terms, our debt servicing was such that if you earned, say, N100,000, the entirety of the money wasn’t only paid to your debtor; you were forced to borrow an additional N11,800 to pay the debtor. How do you intend to survive this, and how many more loans before you become a pariah?.”

“We are not even discussing the nation’s budget deficits, diversions of resources from critical sectors of the economy, and corruption masterminded in the subsidy regime.”

Recognizing the principle of government continuity, Vice President Kashim Shettima stated that any successor to the previous government would have faced the same choice: to navigate through the challenges or abandon ship, risking national collapse.

He noted that other presidential contenders did not find it ethically acceptable to criticize the removal of fuel subsidy, as it was among the solutions they had also proposed to the Nigerian people.

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Another Premium Under-Bridge Apartment Uncovered In Lagos

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It appears that these are the days of uncovering the premium habitats of ‘forcing guys’ with another under-bridge apartment exposed in the Ikoyi Area of Lagos.

On Thursday, Commissioner for Environment and Water Resources, Lagos State, Tokunbo Wahab, took to his verified X handle to shed light, via text and video clips, on another illegal settlement under the Osborne Bridge, Ikoyi, Lagos State.

Wahab wrote, “Another illegal settlement was discovered under the Osborne Bridge, Ikoyi.

“Lagos State Environmental Sanitation Corps #LAGESCOfficial (KAI) commenced immediate clearance operation.”

Biztellers had served a report of the initial discovery on Tuesday of a premium 86-room-under-bridge apartment, well partitioned into “10×10” to “12×10” with annual rents of up to N250,000.00

Netizens have been wondering who were behind the ambitious and illegal apartments, well in the heart of Lagos, with residents said to be of varied social and professional profile.

A man-about-town, Udeme Uyana, told Biztellers that he wouldn’t be surprised should more discoveries of such under-bridge apartments be made in Lagos.

He said, “There is a high level of illegality going on in Lagos and a lot of people want to cash in on whatever opportunities to make ends meet. Those living there, would have been struggling to cut transportation expenses of coming from the outskirts of Lagos to their jobs in the Island. While the builder and managers would have been well connected with the powers-that-be in Lagos, hence no arrests have been made.”

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SYNLAB Nigeria Champions Industry Standards, Coordination

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The place of error-free patients’ record keeping, accessibility and coordination, which technology can ensure to improve current standards in Nigeria’s health management sector cannot be overemphasized.

These came up at a webinar, where Chief Executive Officer, SYNLAB Nigeria, Kenneth Okolie harped on revolutionizing patient care.

He advocated that the effective use of electronic health records would come with the benefits of centralized patient information, healthcare coordination, and the tracking of patient outcomes.

According to Okolie, resorting to use of electronic health records requires adhering to standards, use of common data sets, consent management, training and education, testing and certification, as well as participating in health information exchange, to facilitate real-time informed decision-making in patient care.

Consequently, he urged the industry to embrace an effective regulatory framework to ensure industrywide compliance to these requirements by healthcare institutions.

In the same vein, Managing Director/CEO, Private Sector Health Alliance of Nigeria (PSHAN), Tinuola Akinbolagbe, expressed the view that healthcare workers should collaborate in ensuring quality patient care decision-making.

Such interdisciplinary collaboration, she maintained had become necessary to achieve the desired health outcome for the patient.

Akinbolagbe added that patient education and effective collaboration with the patient’s family are necessary to ensure that the health institution and the family do not work at cross-purposes in the patient care process.

On his part, Chief Executive Officer, Leadway Health, Olatokunbo Alli, called for trust and transparency in shaping the patient’s journey.

According to him, that trust and transparency are the foundation of effective customer service for which he urged health institutions to build by maintaining openness in their dealings with patients.

He maintained that health institutions should be thoughtful about their communication with patients, because it sets the tone for the patient’s journey.

He emphasized the need for clear, unambiguous, and empathetic communication, stressing that listening to and validating the patient’s concerns, would enhance the quality of their experience as customers.

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