NNPCL Boss Warns of Crude Theft by International Syndicates

 Bayo Ojulari, head of the Nigerian National Petroleum Company Limited, has exposed how international syndicates exploit security gaps to siphon Nigeria’s crude oil.

Bayo Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, revealed that international syndicates are exploiting security vulnerabilities to steal Nigeria’s crude oil, threatening the nation’s economic lifeline. Speaking in Abuja, Ojulari detailed how sophisticated networks bypass surveillance to siphon oil from pipelines, undermining production and revenue. He called for enhanced collaboration between security agencies and oil companies to curb the menace.

The revelation follows intensified efforts to secure Nigeria’s oil infrastructure, with the NNPCL deploying advanced monitoring systems. Ojulari emphasized the need for technological upgrades and international cooperation to track stolen crude, often smuggled across borders. The issue, linked to persistent vandalism in the Niger Delta, has prompted the NNPCL to strengthen partnerships with local communities to deter illegal activities.

The disclosure has sparked alarm about Nigeria’s energy security, with some advocating for stricter border controls, while others urge investment in local refining to reduce reliance on exports. Ojulari’s warning, echoing past concerns about oil theft, tests Nigeria’s ability to protect its resources. As the NNPCL ramps up countermeasures, the fight against syndicates underscores the urgency of safeguarding Nigeria’s economic backbone for sustainable growth.