Different government security outfits operating across the country have recovered stolen oil worth N86.2bn in August, according to The Punch’s findings.
A total of 16, 000 litres of diesel valued at N800/litre (N12.8m) were on Monday reported to have been recovered by members of the Nigeria Security and Civil Defence Corps in Cross River.
Speaking with the media, Rivers State NSCDC Commandant, Samuel Fadeyi, said the stolen products, which were mainly Automotive Gas Oil also known as diesel, were recovered within the last two weeks.
Also, last Wednesday, the Nigeria Customs Service, NCS, Seme Area Command, said it intercepted 3,998 jerry cans of Premium Motor Spirit, PMS, in 30 litres each, equivalent to 119,940 litres.
The products, according to the Customs Area Controller, Bello Mohammed Jibo, were about four tanker loads of 33,000 litres each.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, recently approved a price…
