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The ad-hoc committee set up by the Senate to investigate oil theft and consequent damage on the nation’s economy said Nigeria lost $2 billion, to oil theft between January and August 2022.
The Senate constituted a 13- member Ad-Hoc Committee on Oil Lifting, Theft, and the impact on Petroleum Production and Oil Revenues.
The committee’s report adopted by the Senate in plenary made far-reaching recommendations for stemming the tide but failed to name a single person or corporate entity carrying out the oil theft.
President Muhammadu Buhari, has nominated Lauretta Onochie as the substantive chairman of the Niger Delta Development Commission, NDDC. Senate President, Ahmed Lawan, read the nomination letters at plenary on Wednesday. Onochie is a Special Assistant to President Buhari on New Media.
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