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Navy Destroy 41 Illegal Refining Sites

Navy Destroy 41 Illegal Refining Sites, Confiscates Products Worth N8.6bn

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Navy Destroy 41 Illegal Refining Sites, Confiscates Products Worth N8.6bn—-Troops of Operation Delta Sanity have deactivated 41 illegal refining sites and impounded stolen crude oil and other products worth N8.6 billion in three weeks.

The Director of Naval Information, Rear Adm. Adedotun Ayo-Vaughan, made this known in a statement on Wednesday in Abuja.

Ayo-Vaughan said various Nigerian Navy platforms were deployed for the operation meant to combat oil theft and illegal oil bunkering plaguing Nigeria’s maritime environment.

He said that between Feb. 5 and Feb. 22, a total of 51 wooden boats and three fibre ones were apprehended, while 104 illegal refining ovens, 85 reservoirs and 288 dugout pits were destroyed.

The navy spokesman said approximately 60,815.77 barrels of crude oil, worth N8.1 billion, 557,580 litres of gas worth N497.4 million and N5.5 million worth of Kerosene valued N5.5 million, were recovered.

“Cumulatively the sum of N8.6 billion that could have been used to perpetrate acts inimical to national security and prosperity was denied the oil thieves,” he added.

Ayo-Vaughan said the Forward Operation Base (FOB) FORMOSO in Bayelsa, on Feb. 19, conducted operations around Brass River, Akassa, Lagosgbene, Tebidaba and Oyeregbene general area.

He said the team discovered illegal refining site and two wooden boats laden
with 62.9 barrels (10,000 litres) of product suspected to be stolen crude oil during the operation.

According to him, the site was dismantled while the boats and products were towed to safe location and handled appropriately.

“Relatedly, on Feb. 19, FOB ESCRAVOS conducted anti-crude oil theft operations around Aghor-Kutu Community in Warri Southern Local Government Area of Delta.

“During the operations, the team discovered one IRS, three ovens, one reservoir, one pumping machine, 10 jerricans and 38 drums laden with 195.9 barrels (31,150 litres) of product suspected to be stolen crude oil.

“Accordingly, the Illegal Refining Site was dismantled while the products were towed to safe location and handled appropriately.

“Similarly, NN Ship PATHFINDER, conducted operations around Abuloma, Abonnema, Woji, and Taraba jetty in Borikiri, Rivers between Feb. 20 and Feb. 22 amd raided a car wash used for storing illegally refined products.

“The team discovered one IRS, seven ovens, 60 drums and two reservoirs laden with about 120,000 litres of product suspected to be illegally refined gas,” he said.

The Naval spokesman said the team also intensified operations around Cawthorne Channel 1 in Bille general area which led to the discovery of a wellhead where crude oil was being siphoned.

He added that one large wooden boat laden with about 283.0 barrels (45,000Litres) of suspected stolen crude oil was discovered during the operation.

He said the FOB IGBOKODA, on Feb. 21, discovered four wooden boats laden
with 1,200 litres of products suspected to be stolen gas at Agadagba in Ese-Odo Local Government Area of Ondo.

Ayo-Vaughan also said the NNS SOROH patrol team had on Feb. 21, intercepted two private vehicles conveying 79 sacks of product suspected to be illegally refined gas estimated to be 20,000 litres around Okarki general areas of Bayelsa.

He added that the NSS 030 also intercepted five ovens, nine drums, 25 iron pipes, one pumping machine and one wooden boat laden with about 1,500 litres of product suspected to be illegally refined AGO around Egbosuwy general area.

According to him, FOB BADAGRY patrol team had on Feb. 22 discovered 9,000 litres of products suspected to be illegally refined AGO in a building.

“On Feb. 22, FOB IBAKA patrol team intercepted a large wooden boat from Republic of Cameroon around Uyenghe in Ibaka area, Cross River.

“The boat was laden with about 5,100 litres of product suspected to be illegally syphoned petrol concealed under other utility items.

“Accordingly, two suspects and cargo onboard were handed over to the NSCDC for further investigation and prosecution.

“In summary, three IRS, 15 ovens, two reservoirs, eight wooden boats and one fibre boat were appropriately handled during the period under review.

“Additionally, oil thieves were denied about 55,120 bbls (8,764,080 litres) of product suspected to be stolen crude oil, 141,200 litres of illegally refined gas and 9,000 litres of illegally siphoned petrol amounting to N7.4 billion. ”

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UBA, GTCO Lose ₦2.13 billion To Fraudsters Despite Heavy Cybersecurity Investments

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UBA, GTCO Lose ₦2.13 billion To Fraudsters Despite Heavy Cybersecurity Investments—-Three of Nigeria’s largest financial institutions have reported combined fraud-related losses of approximately ₦2.13 billion in their latest audited financial statements, highlighting the growing threat of cybercrime and electronic banking fraud in the country’s financial sector.

The affected institutions include Access Holdings Plc, Guaranty Trust Holding Company Plc, and United Bank for Africa Plc.

According to details contained in the banks’ 2025 financial reports, fraud incidents linked to the three lenders totalled approximately ₦10.29 billion. However, through recoveries, transaction reversals, and security interventions, the banks were able to prevent or recover about ₦8.16 billion, leaving actual losses at approximately ₦2.13 billion.

Among the banks, Access Holdings recorded the highest direct loss to fraudsters, losing an estimated ₦1.24 billion within the financial year.

United Bank for Africa reported over 26,400 fraud-related incidents, with actual losses totalling approximately ₦621.57 million, while Guaranty Trust Holding Company recorded approximately ₦269.44 million in losses tied to fraudulent activities.

Industry analysts say the figures reflect the increasing sophistication of cybercriminals targeting Nigeria’s rapidly expanding digital banking ecosystem.

Most of the fraud cases were reportedly connected to electronic banking channels, including unauthorised transfers, mobile banking compromise, phishing schemes, identity theft, and other forms of digital payment fraud.

The development comes as Nigerian banks continue to accelerate the country’s transition toward a cashless economy through mobile banking platforms, internet banking services, agency banking networks, and digital payment systems.

Despite the losses, the financial institutions significantly increased investments in technology infrastructure and cybersecurity measures during the year under review.

Collectively, the banks reportedly spent over ₦280 billion on technology upgrades, fraud monitoring systems, customer authentication processes, and transaction security enhancements aimed at reducing cyber threats and protecting customer funds.

Meanwhile, the Central Bank of Nigeria has also intensified regulatory efforts to curb financial fraud across the banking industry.

The apex bank recently introduced stricter compliance measures requiring financial institutions to strengthen fraud detection systems, improve transaction monitoring, and respond more rapidly to suspicious activities and customer complaints.

Financial experts have warned that as digital banking adoption continues to rise across Nigeria, banks and customers alike must remain vigilant against increasingly advanced cybercrime tactics targeting the financial sector

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Custody Death Scandal: LawyerTemokun Drags NDLEA, Demands Immediate Probe

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Custody Death Scandal: Lawyer Temokun Drags NDLEA, Demands Immediate Probe—-Calls for accountability grow after fresh death mirrors earlier prolonged detention case in Ondo.

Human rights lawyer Temokun has condemned the death of a detainee in the custody of the National Drug Law Enforcement Agency (NDLEA), demanding an immediate and transparent investigation into the circumstances surrounding the incident.

The lawyer described the development as alarming, linking it to a previous case in Ondo State involving prolonged detention without due process. In that earlier incident, Temokun had accused authorities of незакон detention and rights violations, insisting that suspects must be charged to court rather than held indefinitely.

He stressed that repeated allegations of unlawful detention and abuse within custody raise serious concerns about accountability and adherence to the rule of law.

Temokun called on relevant authorities to thoroughly probe the latest death, ensure justice for the victim, and prevent a recurrence of such incidents.

The NDLEA has yet to issue an official response regarding the latest allegations, as pressure mounts from legal and civil society groups for greater oversight of detention practices.

The incident adds to growing scrutiny of law enforcement agencies over the treatment of detainees and respect for fundamental human rights in Nigeria.

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