An oil theft situation assessment delegation deployed in the Niger Delta by President Bola Tinubu discovered an illegal oil connection on Saturday.
From the illegal connection discovered at Owaza in Abia State, Nigeria loses an average of 7.2 million dollars monthly, the Nigerian National Petroleum Company Ltd stated on Sunday.
It added that clandestine refineries, illegal bunkering operations and environmental devastation the team saw collectively translated into severe economic losses for the nation.
The delegation, led by the Minister of Defence, Muhammed Badaru, has service chiefs and the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, as members.
Other members are the Minister of State for Petroleum Resources (Gas), Ekperipe Ekpo, the National Security Adviser, Nuhu Ribadu, and the Group Chief Executive Officer, NNPC Ltd, Mele Kyari.