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EFCC, ICPC Asked To Investigate Alleged Discrepancy In Crude Oil Production

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A civil society organization, (CSO), Nigeria Citizens Watch for Good Governance, has petitioned the anti-graft agencies, EFCC and ICPC, to investigate the discrepancy in Nigeria’s crude oil production figures.

News About Nigeria reports that the organization alleged that the figures announced by the Nigerian National Petroleum Corporation Limited (NNPCL) are inconsistent with the actual amount of crude oil produced daily.

The group claimed that the true figure is significantly higher than the announced figure, and is demanding a probe to reconcile the discrepancy and ensure transparency in the oil sector.

They are also questioning the effectiveness of security agencies in protecting Nigeria’s oil assets, amid allegations of oil theft and vandalism.

It reads, “We write to draw your attention to the irregularities in the figures announced by the NNPCL.

“The NNPCL recently announced a figure of 1.6 million barrels per day, but allegations suggest the true figure is around two million barrels per day. This discrepancy has worried Nigerians, who question the irregularities and demand the truth.

“As the country’s economic mainstay, we urge you to investigate this matter, ensure that the declared barrels match the actual production, and prevent revenue leakages for the sake of our nation’s economic well-being.”

The group also questioned the effectiveness of security outfits in protecting national assets, given the alleged oil theft and vandalism.

They called for the use of modern technology to monitor crude oil production and prevent revenue leakages.

“We ask, what role are these security outfits playing? Which facilities are they protecting? Nigerians demand an answer.

“The National Assembly should immediately direct the management of NNPCL to use the latest modern technology to keep accurate data on our crude oil production quantities,” the group stated.

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