According to Senator Okowa, while the downward trend in crude oil price had led to a sharp drop in allocation to the state from the
Federation Account from N20 billion to as low as N6.7 billion as at January 2016, “our problem is further compounded by the recurring decimal of crude oil theft and pipeline vandalization which by most accounts, about 400,000 barrels of oil are stolen daily, accounting for trillions of naira loss to the economy and when we add the value of the gas condensate lost also, the figure becomes astronomical.”
The Committee Headed by Deputy Governor, Barr. Kingsley Otuaro has Mandate to move into the Riverine Communities and sensitize the people on the need to stop vandalization of oil facilities and report all suspicious movements to security agencies.
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