By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Wednesday, Oct 7, 2026
9News Nigeria
  • HOME
  • EDITORIAL
  • POLITICS
  • NATIONAL
  • SPORTS
  • WORLD
  • BUSINESS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
9News Nigeria9News Nigeria
Font ResizerAa
Search
  • Editorial
    • OPINION
  • Politics
  • National
    • Breaking News
    • Boko Haram
    • Crime and Investigation
    • Ohanaeze Ndigbo
  • Business
    • Nigerian economy
    • Investment
    • Finance
  • Sports
  • Entertainment
    • Celebrity
    • Entertainment and lifestyle
    • Hollywood
  • World
    • Africa
    • Asia News
    • Australia
    • Europe
  • About Us
    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us
Follow US
BusinessNational

Nigerian Navy intercepts N420bn crude oil

9News Nigeria
Last updated: February 3, 2017 10:00 am
By 9News Nigeria - News room
Share
5 Min Read
Navy intercepts N420bn crude oil
SHARE
Follow & Subscribe Us:
Subscribe YouTubeFollow FacebookFollow XFollow Instagram

Gets kudos from Wike for being apolitical

By Philip Nwosu and Tony John, Port Harcourt

The Nigerian Navy said it confiscated crude oil and diesel worth N420 billion in 2016 from suspected crude oil thieves and saboteurs in the country’s oil producing region

Chief of the Naval Staff (CNS), Vice Admiral Ibok-Ete Ibas, who made the revelation while presenting the navy’s operational scorecard for 2016 to members of the House of Representatives, said the specific quantity of crude oil and diesel seized, stood at 810,725 and 1,078 metric tons respectively. The naval chief revealed that the force destroyed 181 illegal refineries, 263 wooden boats, 38 barges, 139 Geepee tanks and 148 pumping machines in 2016.

He said 784 suspects were arrested while  22 crude vessels, 53 wooden boats, 145 outboard engines, 135 speedboats, 27 tankers and 2,974 drums were seized from the crude oil thieves.

Admiral Ibas further revealed that the force recovered 468 weapons and 1,659 ammunition from the suspected economic saboteurs in 2016.

Lawmakers getting Payments, Cars to step down for APC Candidates — Galadima
Uzodinma appoints Onuegbu Deputy Chief of Staff
NLC declares indefinite strike in FCT over teachers’ promotion dispute
NAF Deploys Sonar Search as Details of Crash Victims Emerge

A statement from the force’s spokesman, Navy Captain Suleiman Dahun further revealed that the Chief of Naval Staff told the legislators that the force 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 vessels, reiterating that the feat was despite the reduction in overhead with only N2.5 billion released out of about N3.4 billion appropriated in 2016.

The statement quoted Admiral Ibas as saying out of the N56.463 billion appropriated for personnel cost in 2016, N49.656 billion was released, while N205.879 million was generated as Internally Generated Revenue and remitted to government via the Treasury Single Account (TSA). As 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, Abdulsamad Dasuki commended the Nigerian Navy for performing credibly well, despite insufficient funding and other operational challenges, promising that the committee would ensure adequate allocation of fund for the maintenance and fuelling of Nigerian Navy platforms.

The chairman however, observed that an estimated N3 trillion ($10 billion) was lost in revenue due to Nigerian Navy’s inability to carry out statutory duties, reiterating that the Navy’s budgetary allocations must be realistic.

Meanwhile, Rivers State Governor, Nyesom Wike, has lauded the Nigerian Navy for being apolitical, saying the security agency has always acted professionally.

Wike also commended the Naval high command for tracking down the state Commercial Fishing Trawler, which, he said, would boost the revenue base of the state.

The governor, who spoke when he received the Flag Officer Commanding (FOC), Eastern Naval Command, Rear Admiral James Oluwole and the Commander of the Nigerian Navy Ship (NNS) Pathfinder, Commodore I. N. Kayoda, said, unlike other security  agencies, the Nigerian Navy had concentrated on the promotion of security, rather than promotion of political interests.

He said: “The Nigerian Navy has lived above board. They have refused to be dragged into politics. We have had rerun elections in the state, but I have had no reason to complain about the conduct of naval personnel.”

He assured the Naval high command of the support of his administration in terms of provision of logistics to fight crime.

The governor said the gunboats being purchased for the Nigerian Navy by the state government would be released to the security agency. He charged the Navy to ensure that the gunboats when delivered, should be used strictly for the protection of Rivers waters.

He said: “We are always willing to support security agencies.  Nobody will tolerate crime as it hinders development.”

Earlier, Rear Admiral Oluwole disclosed that the Navy had tracked down the fishing trawler of the state, pointing out that it would soon be handed over to the government.  He lauded Governor Wike for his commitment to Naval operations, saying the 120 housing units completed by the administration for the NNS Pathfinder would solve accommodation challenges of the  personnel  at the facility.

Oluwole noted that the Nigerian Navy would judiciously use the gunboats when delivered by the state government.

Sun

Recommended YouTube Videos on 9News Nigeria TV

You said It's our turn (AWALOKAN), and we voted for you - Woman cries to President Tinubu in Yoruba
We Want Change: Tonto Dikeh, Umar Ganduje, Clamour Need For Youth Inclusiveness
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
ECOWAS VS NIGER JUNTA, SUBSIDY REMOVAL HARDSHIP, WIKE TO FACE WRATH OF THE LAW IF...

Powered by www.zebrawebs.com

Like this:

Like Loading…
Share This Article
Facebook Whatsapp Whatsapp Copy Link
What do you think?
Love0
Sad0
Happy0
Surprise0
Angry0
By9News Nigeria
News room
Follow:
9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: [email protected] Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng
Previous Article Buhari Travels Abroad Medical Vacation Second look at Buhari Medical Vacation (BMV)
Next Article Three killed as bus plunges into Ogun bridge Three killed as bus plunges into Ogun bridge
Search
– Advertisement –
Latest News
  • Oyo Police arrest three suspects over brutal murder of couple and four children October 7, 2026
  • Ghana Commences Cedi-to-China-Yuan Payments System, Cutting Dollar Dependence October 7, 2026
  • AAU lecturer dies after alleged hotel encounter with 21-year-old sex worker October 7, 2026
  • Lawmakers getting Payments, Cars to step down for APC Candidates — Galadima October 7, 2026
  • Over 1,000 Northern Islamic Clerics Reject Tinubu’s 2027 Re-Election Bid October 7, 2026
  • Uzodinma appoints Onuegbu Deputy Chief of Staff October 7, 2026
  • NLC declares indefinite strike in FCT over teachers’ promotion dispute October 7, 2026
  • AAC Demands ₦500,000 Minimum Wage for INEC Workers October 7, 2026
  • NAF Deploys Sonar Search as Details of Crash Victims Emerge October 7, 2026
  • Messi retires from international football after victory over Benin October 7, 2026
– Advertisement –
9News Nigeria
  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us
World News
  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Global Economy
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics
News Categories
  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • Sober House
  • National Security
Entertainment and Lifestyle
  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships

You May also Like

Screenshot 20261006 164205 1
National

2027: INEC Sets October 9 -15 For Nationwide Display Of Voters’ Register

October 6, 2026
INEC
Nigeria NewsNational

INEC Staff least paid in Nigeria — Amupitan

October 6, 2026
Screenshot 20261006 152122 1
National

APC Chairman Yilwatda condoles with families, NAF over Ondo crash

October 6, 2026
Screenshot 20260915 175836
NationalNigeria Politics

2027: Nigerian Voters Say Candidates, Not Parties, Will Decide

October 6, 2026
FB IMG 1791222750923
National

Ondo NAF Crash: Tinubu Orders Probe as 32 Aboard ATR-42

October 5, 2026
Imo State
Latest NewsImo

ISIEC fixes November 7 for Imo LGA Elections

October 5, 2026
Show More
  • More News:
  • Europe News
  • National News
  • Politics
  • 9News Nigeria - Nigeria Breaking News
  • Nigeria Politics
  • Imo state
  • Sports
  • Opinion
  • National Security
  • Events
  • Editorial
  • Inspiration
  • Trending news
  • Bible Messages
  • Religion
  • Jesus Christ the saviour
  • World News
  • Crime and Investigation
  • The Love of God
  • Business

9NEWS NIGERIA

  • Editorial
  • Opinion
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us

NEWS CATEGORIES

  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • National Security

WORLD NEWS

  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics

ENTERTAINMENT AND LIFESTYLE

  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

%d