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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).

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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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Middle East Crisis Forces DPRP to Buy More Crude Locally

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Dangote Refinery to Open Global Markets for Nigeria’s Downstream, Midstream Sectors

The raging US-Iran war which has continued to put pressure on the global oil markets has compelled refiners and traders to rethink traditional supply routes.

Consequently, the Dangote Petroleum Refinery & Petrochemicals (DPRP), has increased its sourcing of crude oil from Nigeria.

The development is providing support for Nigerian crude grades while reinforcing the country’s push to process more of its oil domestically. It comes amid shipping and cargo delivery records that revealed a total of 1.83 million metric tonnes of crude oil from Nigerian production streams in May 2026.

The deliveries, made through the refinery’s offshore Single Point Mooring terminals, SPM-C1 and SPM-C2, involved 15 crude cargoes sourced from some of Nigeria’s biggest oil-producing assets. The crude grades supplied to the facility included Qua Iboe, Bonny Light, Bonga, Forcados, Utapate, Okwori and Odudu.

The increased reliance on domestic feedstock underscores the growing role Nigerian crude is playing in sustaining operations at Africa’s largest refinery at a time of heightened uncertainty in the international oil market.

According to Bloomberg, the DPRP has stepped up purchases of Nigerian crude as overseas buyers scale back acquisitions of some West African grades amid concerns over Middle East oil supplies.

The shift has reportedly helped strengthen premiums for Nigerian crude relative to Angolan grades, highlighting how geopolitical tensions are beginning to reshape long-established trading patterns.

The report read, “Nigeria’s massive Dangote refinery is boosting purchases of the country’s crude, helping to stem waning demand for grades from West Africa in light of uncertainty over the resumption of oil shipments from the Middle East.

“Dangote’s ramp-up in buying has boosted the price of Nigerian crude grades compared with those from Angola. The two countries make up the backbone of West Africa’s oil market but have seen premiums for their physical crude grades take different directions as the Iran war drags on.”

Beyond the immediate effect on crude pricing, the trend reflects a deeper transformation within Nigeria’s oil industry.
For decades, Nigeria exported most of its crude oil while depending heavily on imported refined petroleum products to meet domestic demand. The establishment of the $20bn DPRP was intended to reverse that trend by creating sufficient local refining capacity to process a significant share of the country’s crude output.

Now, with global energy supply chains under pressure from the Iran conflict and concerns over the security of key shipping routes, the refinery is emerging as one of the largest domestic buyers of Nigerian crude.

The development could help retain more value within the Nigerian economy through increased local processing while reducing the country’s exposure to volatile international fuel markets.

The refinery’s growing appetite for Nigerian crude comes at a time when it is expanding its operational capacity. Earlier this month, the company announced that it had processed 700,000 barrels of crude oil per day during a performance test, surpassing its official nameplate capacity of 650,000 barrels per day.

The feat marked the first time the facility had exceeded its installed capacity and further cemented its status as the largest refinery on the African continent. The company is also seeking to raise approximately $1bn through a private placement ahead of a planned public listing, in a move expected to value the business at about $39.1bn.

ALSO READ: SERAP Sues NNPC Ltd over ₦5.9bn Incorporation, Rebranding Expense

In addition, the refinery’s influence is increasingly extending beyond Nigeria’s borders. Exports of petrol, diesel and aviation fuel from the facility have expanded across African markets and into other international destinations, helping to reduce the continent’s dependence on fuel imports from Europe and the Middle East.

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SERAP Sues NNPC Ltd over ₦5.9bn Incorporation, Rebranding Expense

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The Socio-Economic Rights and Accountability Project (SERAP) has dragged the Nigerian National Petroleum Company Limited (NNPC Ltd) to court over the oil major’s failure to account for approximately ₦5.9 billion expended its incorporation, transition and rebranding from the NNPC into NNPC Ltd.

According to the SERAP, the NNPC Ltd paid over ₦2.9 billion for incorporation expenses from petroleum product proceeds, while the National Petroleum Investment Management Services also charged a similar amount against the crude oil revenue for the same purpose, bringing the total to ₦5.9 billion.

Consequently, the organisation is seeking “an order of mandamus to direct and compel the NNPCL to account for about ₦5.9 billion allegedly spent on the rebranding of the NNPC to the NNPCL.”

It is also asking the court to “direct and compel the NNPCL to provide a comprehensive reconciliation statement detailing the specific financial transactions relating to the ₦5.9 billion expenditure, including the identities of the contractors involved, and how the funds were utilised for the rebranding of NNPC to NNPCL.”

ALSO READ: Osun Accuses MURIC of Misinformation Campaign

The SERAP further asked the court to “direct and compel the NNPCL to disclose the names and official positions of the government officials who authorized and approved the release and expenditure of the ₦5.9 billion reportedly spent on the rebranding of NNPC to NNPCL, and to clarify whether the expenditure complied with applicable procurement laws and due-process requirements.”

The order of mandamus is contained in suit number FHC/ABJ/CS/1248/2026 filed at the Federal High Court in Abuja, according to a statement issued on Sunday by the NGO’s Deputy Director, Kolawole Oluwadare.

Filed on behalf of the SERAP by its lawyers, Oluwakemi Agunbiade, Kehinde Oyewumi and Andrew Nwankwo, the suit also noted that the Senate Committee on Public Accounts reportedly raised concerns over the expenditure described as incorporation and transition costs during the transformation process.
“The Committee described the spending of the ₦5.9 billion as excessive, unjustifiable, and deserving of further explanation, investigation, and legislative scrutiny in the public interest,” the SERAP noted.

The SERAP argued that there is a legitimate public interest in the disclosure of the details sought.
“The NNPCL has a legal responsibility to explain whether the ₦5.9 billion expenditure represents value for money, constitutes lawful spending of public funds, and complies with applicable due process requirements.

“There ought to be full transparency and accountability regarding the reported ₦5.9 billion spent on rebranding NNPC to NNPCL. Nigerians have the right to know who approved the expenditure, who received the funds, the nature of the services rendered, and whether due process and procurement requirements were strictly followed,

“The disclosure of the identities of the officials involved and the processes followed in approving the expenditure would enable the public to assess whether the expenditure was properly authorized, represented value for money, and was undertaken in accordance with due process and procurement requirements,” it said.

It added that, given the size of the expenditure, there is “an urgent need for a prompt, thorough, and transparent disclosure of the details surrounding the spending of the funds.”

It further stated that “the failure to account for the spending of the ₦5.9 billion on rebranding from NNPC to NNPCL reflects a failure of NNPCL accountability more generally and is directly linked to the institution’s continuing failure to uphold transparency and accountability principles.”
The SERAP added that the transformation of the national oil company from the NNPC to the NNPC Ltd followed the Petroleum Industry Act (PIA) 2021, which required it to become a commercially oriented limited liability company fully owned by the federal government.

It also cited constitutional and international provisions, including Section 13 and Section 15(5) of the Constitution, as well as Articles 5 and 9 of the UN Convention against Corruption and Article 21 of the African Charter on Human and Peoples’ Rights, to support its arguments.

No date has been fixed for the hearing of the suit.

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Osun Accuses MURIC of Misinformation Campaign

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Four gang-killed two in Osun, destroy N8M properties

The attention of the Osun State Government has been drawn to a statement by the Executive Director of the Muslim Rights Concern (MURIC), Professor Ishaq Akintola, accusing Governor Ademola Adeleke of marginalising Muslims in his administration.

The State Government in a statement issued by the Commissioner for Information and Public Enlightenment, Oluomo Kolapo Alimi charged Professor Akintola to be guided by the Quran and Hadith of Prophet Muhammad in his engagement with the Osun State Government.

“We believe Professor Akintola acted on misinformation or he is actively an agent of misinformation. Governor Adeleke is a strong believer who relates well with people of all faiths, in line with the inclusive leadership example of Prophet Muhammad (SAW). His administration has appointed qualified Muslims to key positions.

For the record, Governor Adeleke appointed Alhaji Teslim Igbalaye as Secretary to the State Government and Alhaji Kazeem Akinleye, a student of Sheikh Kamaludeen Al-Adabiyy in Ilorin, as Chief of Staff. His Spokesperson is a known Mallam of Tijaniya extraction. The Commissioner for Information is alone a deep muslim of Al-Adabiyy extraction. Several other Muslims are also serving as commissioners and heads of agencies, alongside qualified appointees of other faiths.

This administration commenced construction of the Osun Hajj Camp, ending Osun’s status as the only Southwest state without one. The governor also approved a mosque in the Government House for Muslim staff.

We urge Professor Akintola to verify facts before going public, as admonished in Qur’an 49:6.

ALSO READ: Nigeria’s Crude Output Grows to 12m Barrels on Utapate, Cawthorne

He should also assess government performance using verifiable data on budget execution, debt management by the DMO, and healthcare, where Osun was rated best in the Southwest for primary healthcare in 2024 and 2025.

Elections should be about jobs, security, infrastructure, healthcare, and education, not identity politics.

“We expect MURIC to judge this administration by its record of service to all citizens, Muslim and non-Muslim alike”.

Rather than feign his political attack with religious coloration, Professor Akintola should be courageous to declare his partisan interest in the opposition APC and stop using religion to do hatchet job politics.

We challenge MURIC to openly condemn the shooting of law-abiding residents (Muslims and non Muslims) of the state by APC thugs in branded APC campaign vehicles in Ile-Ife, Akoda, Owode-Ede and Osogbo, to disprove the allegation that he’s been paid by the opposition to attack Governor Ademola Adeleke.

Rather than spreading baseless misinformation, we are also of the opinion that MURIC should be more interested in cases like the sudden addition of ‘Munirudeen’ to the names of the Osun APC Governorship candidate, a name which was missing from his primary, secondary and university certificates.

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