The Chairman of the Senate Ad-hoc Committee on Crude Oil Theft, Senator Ned Nwoko, visited the Nigerian National Petroleum Company Limited (NNPC Ltd.) as part of an oversight visit to gather information for the committee’s final, factual, and dependable report to the Senate.
In his opening remarks, Senator Nwoko reasserted the seriousness of the assignment before the committee and the level of work already completed, adding that the Senate expects a report that is factual, defensible, and comprehensive, given the enormity of losses associated with crude oil theft over the years.
“This is a committee with a very clear mandate. We have undertaken extensive work so far, including engaging both internal and international consultants, conducting field assessments, analyzing data and producing three separate interim reports, all of which have been formally laid before the Senate”, Nwoko noted.
Speaking further, the Committee Chairman noted NNPC’s recent claims of reduced disruptions on critical pipelines and improved operational stability but emphasised that the committee requires verifiable data and full transparency to reconcile past leakages with present realities.
Speaking to journalists after the visit, Senator Nwoko submitted that the committee has so far submitted three interim reports to the Senate, each backed by extensive analysis, expert consultations, both local and international, and credible documentation. The findings, he noted, expose years of significant revenue leakages in the nation’s oil sector..
Nwoko said the committee’s objective is to reconcile documented past losses with present-day operational data to determine how effective the current mitigation measures have been.
The findings from this phase of engagement, he added, will form an integral part of the committee’s final report to the Senate.
