In six years, FG loses N376.6 billion to vandalism

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The Managing Director, Products and Pipeline Marketing Company
(PPMC), a subsidiary of the Nigerian National Petroleum
Corporation (NNPC), Prince Haruna Momoh disclosed that the federal Government lost over N376.6 billion in six years (2008 – 2013) to vandalism of oil and gas pipelines by crude thieves. He said this during a capacity building workshop for media practitioners in Uyo, Akwa Ibom State.

Momoh who was represented by the company’s Executive
Director, Commercial, Mr. Frank Amego, said that incidents on the
company’s pipelines caused by vandals, rose from over 400 in
1999 to 3571 by end of 2013 adding that activities of vandals seem
more difficult to stem.

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In his analysis of the implication of the revenue losses, the Group
Coordinator, Corporate Planning and Strategy, NNPC, Dr. Timothy
Okon, described the act as economic sabotage adding that the
amount would have been enough for annual budget allocations for
Akwa Ibom and Borno States.
“it is equivalent to a year’s allocation for Akwa Ibom and Borno
State,” he said.

The cost of securing and maintaining the pipelines, he noted, has
no budgetary allocation but unknown to so many Nigerians, NNPC
incurs the expenses. “We are required to provide services but
there are no provisions or mechanism for the cost we incur to be
addressed,” he said.

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He urged the saboteurs do desist from their act because it affects
the citizenry adding that it is politically time for Nigerians to
resolve that such theft and losses are not conducive for a nation
that aspires to be among the 20 largest economies of the world by
2020.

He said: “If you vandalise gas pipeline, it is not as if you can just
put a jerry can and take it, so vandalisation of gas pipeline, is pure
sabotage.”

The Group Executive Director, Gas and Power, NNPC, Dr David Ige
who was represented by the Manager, Trans Nigeria Gas Pipeline,
Engr. Alfred Amadi, in his presentation, disagreed with the claim of
the Minister of Power, Prof. Chinedu Nebo that low price is
responsible for the shortage of gas to power.

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