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Nigerian Navy Confiscated Stolen Crude Oil & Diesel worth N420billion in 2016 – Admiral Ibas tells Reps.

Chief of the Naval Staff, (CNS) Vice Admiral Ibok-Ete Ibas yesterday disclosed that the Nigerian Navy confiscated crude oil and diesel worth about N420 billion in 2016.

The CNS made the disclosure just as the Chairman, House of Representatives Committee on the Navy, Abdusamad Dasuki observed that an estimated N3 trillion ($10bn) was lost in revenue to the nation due to Nigerian Navy’s inability to carry out statutory duties, reiterating that the Navy’s budgetary allocations must be realistic.

Throwing more light on the seizures while presenting an operational scorecard of the Service for 2016, the CNS informed the House that the specific quantity of crude oil and diesel stood at 810,725 and 1,078 metric tons respectively.

Giving a breakdown of the achievements of the Service in 2016, the CNS revealed that the Nigerian Navy destroyed 181 illegal refineries, 263 wooden boats, 38 barges and 139 Gee pee tanks.

Additionally, the Navy destroyed seized 148 pumping machines, arrested 784 suspects, 22 crude vessels, 53 wooden boats, 145 outboard engines, 135 speed boats, 27 tankers, seized 2,974 drums and recovered 468 arms, 1,659 ammunitions in 2016.

Furthermore, he said the Nigerian Navy confiscated 210 storage tanks, 47 vehicles, 15 motorcycles, 4,753 Jerry Cans, 27 power generating sets, 224 surface tanks, 24 hoses, 17 welding machines and 33 other vessels.

Admiral Ibok Ibas said these achievements were made despite the reduction in overhead with only N2.5bn released out of about N3.4bn appropriated in 2016.

Continuing he said, out of the N56.463 billion appropriated for personnel cost in 2016, N49.656billion was released.

He said the sum of N205.879 million was generated as Internally Generated Revenue and remitted to government via the Treasury Single Account (TSA).

For 2017, he said the Nigerian Navy plans to expend about N26.446 billion on capital projects with the priority areas listed as fleet renewal, operational infrastructure upgrade, operational logistics procurement, capacity development and personnel welfare.

Earlier, Chairman House Committee on Navy Hon. Abdulsamad Dasuki commended the Nigerian Navy for performing credibly well, despite insufficient funding and other operational challenges.

He promised that the committee would ensure adequate allocation of fund for the maintenance and fuelling of Nigerian Navy platforms.

END.

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