Awwal Gambo; Crude Oil Theft: Tanker And Crew Must Pay $15M And N5M Penalties Before Release

Nigeria’s Chief of Naval Staff has insisted on penalty payments from crew accused of crude oil theft last year.

The CNS says the penalty payments are a resilient indication that the Nigerian Navy will stop at nothing to ensure the domain is safer for the sustainable development of Nigeria’s blue economy.

Between 2009 and 2020, Nigeria lost 619.7 million barrels of crude oil valued at $46.16 billion or N16.25 trillion to crude oil theft.

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