Nigeria has lost an estimated $25.7 billion (roughly ₦39.3 trillion) worth of crude oil to theft in 23 years, deepening poverty, slashing government revenue, and pushing public debt to ₦149.4 trillion. Data from the Nigerian Upstream Petroleum Regulatory Commission, (NUPRC), shows about 353 million barrels were stolen between 2002 and 2025 – nearly 72% of the country’s 2025 budget at an average price of $73 per barrel. Despite spending ₦267.98 billion on pipeline security in just 16 months, theft remains rampant due to an organised network of powerful elites, militants,…
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Pipelines Surveillance: Ex-militants threaten mass attacks on oil installations over N48bn NNPC contract
Some agitators, under the aegis of ‘Akwa-Ibom Ex-Militants Forum’ have asked the Federal Government to revoke the N48 billion pipeline surveillance contract awarded to the ex-militant warlord, Government Ekpemupolo, alias Tompolo. In a petition addressed to President Muhammadu Buhari, copied to security agencies and made available to newsmen, the agitators claimed that they were undermined by the Federal Government regarding pipelines that pass through Akwa-Ibom State. They threatened to resume hostilities by attacking oil installations in the state if their demands are not met in seven days beginning from Sunday,…
Read MoreNew militant group emerges in South-East
A new militant group, ‘Biafran Motherland Warrior’, has emerged in the South-East. The militant group, ‘Biafran Motherland Warrior’ reportedly operates around Mbaise area of Imo State and have allegedly been seen in a viral video, attacking security agents in the community. Residents of the area have raised an alarm about the activities of the group, alleged to have security operatives as its targets. It was gathered that the people of the area had raised the alarm about the activities of the group. Though not much is known about them, they…
Read MoreIPOB commander, other militants holding Imo hostage shot dead in fierce battle with troops
The alleged leader of the militia arm of Indigenous People of Biafra, (IPOB), Ikonso Commander, has been killed in a joint operation between operatives of the police, Department of State Services, (DSS) and the Army in Imo State yesterday. Six other fighters of the militia group were also killed in the operation at the alleged operational headquarters of the militant group, in Awomama village, Oru-East LGA. The security forces allegedly came under rapid fire as they approached the the group’s camp. After a fierce gun battle, the security team recovered…
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