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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