Thursday, 2 February 2017

Nigerian Navy says that it seized 810,725 metric tonnes of stolen crude in 2016



  
     The Nigerian Navy, NN,  says that it seized 810,725 metric tonnes of stolen crude in 2016.
    It said also seized were 1,078,104 metric tonnes of illegally-refined diesel and destroyed 181 illegal refineries during the same period.
   The Navy put the financial worth of the seized crude oil and diesel at N420.1billion, excluding the value of vessels, boats and vehicles seized by the NN.
    The Chief of Naval Staff, Vice-Admiral Ibok Ekwe-Ibas, disclosed the figures in Abuja when he appeared before the House of Representatives Committee on Navy to defend the NN’s 2017 budget proposals.
   He explained that the service proposed to spend N15 billion on fleet renewal this year and another N4.2billion to upgrade infrastructure.
   Earlier, in his remarks,  Chairman of the committee, Abdussamad Dasuki, disclosed that inadequate funding of Nigerian Navy had resulted in an annual economic loss of N3 trillion by the country.

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