Report identifies cause of crude oil theft, By Odita Sunday, Abuja.
The Special Investigative Panel on Oil Theft/Losses in Nigeria report was submitted to the National Security Adviser (NSA), Maj-Gen. Babagana Monguno (Rtd), on Monday, attributed the cause of crude oil racketeering to a lack of proper reporting of crude oil production, illegal refining, theft from the wellhead, and diversion from sophisticated pipelines network. According to a statement signed by the Head, Strategic Communication, Office of the National Security Adviser (ONSA), Mr. Zakari Usman, yesterday, the panel engaged critical stakeholders within and outside the oil and gas industry, including state governments, Ministries, Departments, and Agencies (MDAs); security agencies; regulatory agencies; international and indigenous oil companies; traditional institutions; host communities and artisanal refiners. The statement also noted that, in discharging the panel's responsibility, it received and reviewed several memoranda and reports on oil theft and losses. It reads: "