The Senate Adhoc Committee on oil theft says it has begun an investigation into the oil theft and illegal bunkering activities in the Niger Delta region.
Chairman of the Committee, Bassey Akpan, disclosed this while fielding questions from journalists on arrival at the Port Harcourt International Airport over the week.
Akpan lamented the massive stealing of Nigeria’s crude oil, saying it’s troubling, as the country lose huge earnings as well as hobbled its ability to meet the quota allocated by the Organisation of Petroleum Exporting Countries.
He said the country had lost huge earnings and failed to meet the quota allocated by the Organisation of Petroleum Exporting Countries.
He said, “Our intention is to visit every oil terminal in the Niger Delta region to see things for ourselves, the reason for oil theft, the reason for oil losses.
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“We at the National Assembly believe that the local refining capacity as a result of all the bunkering issues can never be guaranteed or be sustained or be ensured by the losses.
“We believe that there are other areas where the country loses this huge revenue and resources. So it’s a serious job we are out here to do.”