RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

NNPC Contractors seizes illegal vessel with 800k litre crude

Stephen Akudike by Stephen Akudike
September 13, 2023
in Economy
Reading Time: 2 mins read
A A
0
NNPC Contractors seizes illegal vessel with 800k litre crude
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Tantila Security Services, a private security contractor working with the Nigerian National Petroleum Company (NNPC) Limited, successfully intercepted a suspicious vessel carrying 800,000 litres of crude oil on July 7, 2023.

In a statement released on Twitter, the NNPC, a state-owned company, confirmed the incident, attributing it to credible intelligence. Garba Deen Muhammad, the chief corporate communications officer, signed the statement.

AlsoRead

Seplat Agrees to Sell 10% Stake in NNPC Joint Venture for $281.6 Million

Nigerian Issuers Pay Up to 20% to Raise Debt in First Half of 2026

Nigeria’s FX Market Hits Record $4.4 Billion Weekly Turnover 

According to the NNPC, the vessel, named MT TURA II (IMO number: 6620462), belonged to a Nigerian registered company, Holab Maritime Services Limited, with Registration Number RC813311. It was en route to Cameroon with the illicit cargo when it was apprehended at an offshore location. The vessel’s captain and crew members were on board during the interception.

Preliminary investigations conducted by the NNPC revealed that the crude oil cargo had been illegally sourced from an offshore well jacket in Ondo State, Nigeria. At the time of the arrest, there were no valid documents available for the vessel or the crude oil cargo. Further scrutiny of the vessel’s activities at the NNPC Ltd. Command and Control Centre unveiled that it had been operating discreetly for the past twelve years. The vessel’s last reported location was Tin Can Port in July 2011.

The NNPC stated, “Details of this arrest and the outcomes of the investigations were escalated to the appropriate government authorities, upon which it was concluded to destroy the vessel to serve as a strong warning and deterrent to all those participating in such illegal activities to cease and desist.”

The company emphasized the significance of destroying vessels involved in transporting stolen crude oil as a potent deterrent. The illegal trade of stolen crude oil not only causes substantial economic losses to Nigeria and legitimate stakeholders in the oil industry but also perpetuates corruption, environmental devastation, and social instability.

The NNPC assured Nigerians that it remains committed to intensifying efforts in the fight against crude oil theft until it is completely eradicated. The interception of the suspicious vessel and the subsequent actions taken demonstrate the company’s resolve to safeguard Nigeria’s oil resources and promote transparency and accountability in the industry.

Tags: Crude Oilcrude oil thefteconomic lossesenvironmental devastationillegal cargoillicit activitiesmaritime securityNigerian National Petroleum Company (NNPC) LimitedNNPC statementprivate security contractorsocial instability.Tantila Security Servicesvessel interception
Previous Post

FG Launches Oil and Gas E-Marketplace to Boost Indigenous Participation

Next Post

Ecobank Calls for Rejection of FBN Holdings Shares Acquisition Over Unsettled Debt

Related News

Seplat Energy revenue grows by 29.8% in 2022

Seplat Agrees to Sell 10% Stake in NNPC Joint Venture for $281.6 Million

by Akpan Edidong
July 31, 2026
0

Seplat Energy Plc has entered a legally binding agreement to dispose of a 10% working interest in its joint venture...

FG Secures $1.95 Billion in World Bank Loans Amidst Debt Concerns

Nigerian Issuers Pay Up to 20% to Raise Debt in First Half of 2026

by Victoria Attah
July 28, 2026
0

Corporate borrowers and state-backed entities paid coupon rates as high as 20% to access Nigeria’s debt capital market in the...

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Nigeria’s FX Market Hits Record $4.4 Billion Weekly Turnover 

by Jide Omodele
July 28, 2026
0

Nigeria’s foreign exchange market recorded its highest weekly turnover of 2026, with total transactions in the FX Spot and Derivatives...

US Imposes 12.5% Tariff on Nigerian Exports Over Forced Labour Concerns

by Victoria Attah
July 27, 2026
0

The United States has imposed a 12.5% tariff on most Nigerian exports following a Section 301 investigation that concluded Nigeria...

Next Post
Ecobank Calls for Rejection of FBN Holdings Shares Acquisition Over Unsettled Debt

Ecobank Calls for Rejection of FBN Holdings Shares Acquisition Over Unsettled Debt

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Seplat Energy revenue grows by 29.8% in 2022

Seplat Agrees to Sell 10% Stake in NNPC Joint Venture for $281.6 Million

July 31, 2026
Seplat Energy Nigeria Offers Internship Opportunity to Nigerian Undergraduate Students.

Seplat Posts 74% Pre-Tax Profit Jump to N790bn, Declares Record US$0.12 Dividend

July 31, 2026

Popular Story

  • Seplat Energy revenue grows by 29.8% in 2022

    Seplat Agrees to Sell 10% Stake in NNPC Joint Venture for $281.6 Million

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • World Bank: Trade Restrictions Caused 9% of the Rise in Food Prices

    0 shares
    Share 0 Tweet 0
  • Capital Reversals Drive Nigeria’s $1 Billion Foreign Outflow in April 2024

    0 shares
    Share 0 Tweet 0
  • South Korean Issues Arrest Warrant for Terra Co-Founder Do Kwon

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>