The Senate Adhoc Committee on oil theft says it has commenced investigation into circumstances surrounding oil theft and illegal bunkering activities in the Niger Delta region.
Bassey Akpan, Chairman of the Committee, revealed this earlier this week while answering journalists’ questions at Port Harcourt International Airport.
Mr. Akpan expressed concern about the massive theft of Nigerian crude oil.
He claimed that the country had lost enormous earnings and had failed to meet the Organization of Petroleum Exporting Countries’ quota.
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.
“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.”