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US Visit: Buhari Now Has Names of Oil Thieves

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<b>ABUJA, NIGERIA - The United States of America has handed over the names of Nigerian oil thieves to President Muhammadu Buhari, a member of the President's entourage during last week's visit to the US confided in The PUNCH on Tuesday.</b></div>
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"I can tell you that the President already has the list of names of the people engaging in the stealing of Nigeria's oil. The list, when released by the President, will shock Nigerians. But let's wait and see first," the source said.</div>
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The source said Buhari was taken aback when he saw the names on the list and that the list given to the President by the US might compel him to probe the administration of former President Goodluck Jonathan.</div>
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A Presidency source also confirmed that Buhari had such a list but that "the President has been keeping the list to himself."</div>
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The source, who told our correspondent about the list in the President's possession, said the US gave Buhari two separate lists – one listing the names of top government officials who have been stealing the country's oil, using their high offices to perpetrate the stealing; and the other containing the names of illegal oil bunkerers.</div>
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The President had said last week that some ministers in the cabinet of Jonathan were stealing as much as 250,000 barrels of Nigeria’s crude daily.</div>
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The Presidency source, who spoke to one of our correspondents on condition of anonymity, said Buhari had vowed that those whose names appeared on the list would not go scot-free.</div>
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"The President will probe all of them and make sure they return whatever fortune they had made from their thievery," the source said.</div>
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The source said the President was already tinkering with the idea of constituting a panel to investigate those on the list with a view to arriving at how to deal with them based on the findings of the committee.</div>
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However, it was gathered that, unlike the usual probe panels, the President would likely set up a special security team to handle the probe.</div>
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<a href="http://www.punchng.com/news/us-gave-buhari-names-of-oil-thieves-source/">The PUNCH</a> learnt that the names on the list of oil thieves are a mixture of highly placed government officials, and retired and serving military officers.</div>
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US Visit: Buhari Now Has Names of Oil Thieves

ABUJA, NIGERIA - The United States of America has handed over the names of Nigerian oil thieves to President Muhammadu Buhari, a member...

Government Officials Still Stealing Our Crude Oil - Buhari

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<b>ABUJA, NIGERIA - President Muhammadu Buhari has regretted that crude oil theft that characterised past governments was still thriving under his government. He expressed his regrets on Monday on <i>Good Morning Nigeria</i>, an NTA breakfast show.</b></div>
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The President, who was inaugurated on May 29, said the nation's crude was still being lifted illegally by government officials up until July 10.</div>
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He said the situation, which he described as a monumental fraud, was beyond comprehension.</div>
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He expressed the confidence that some developed countries would assist Nigeria to identify and repatriate looted funds.</div>
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This, he said, would however not be achieved without meeting some conditions.</div>
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He said: </div>
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The multiparty democracy system for developing countries has its advantages and relative disadvantages in the sense that for us to get the help of the developed countries, we have to get our facts: documents, complete and reliable investigation, take them to court and get these people prosecuted. </div>
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Meanwhile, the theft continues. Up to the 10th of this month, our crude is still being illegally lifted by people who are in government. </div>
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We are trying to get these documents; we are getting cooperation from the international community. We are going very soon to make sure that those who perpetrated this crime against Nigeria will be faced with facts and be taken to our courts. </div>
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We have got the cooperation of some of the countries that are the destinations of our crude and we are discussing with them. We have to maintain high confidentiality so that we don’t risk some of the people in Nigeria that are helping us to trace the destinations of this stolen crude and then the accounts where the proceeds are being paid instead of the Federal Government account. </div>
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I don't think the NNPC knows how many accounts are there in which payments are made on Nigerian crude. The monumental fraud has been going on for a number of years; a lot of Nigerians cannot comprehend it.</div>
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Buhari admitted that the task of getting looted funds repatriated had not been an easy one.</div>
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While saying his government was working hard to meet the demands of the foreign countries, the President promised that he would be updating Nigerians of developments as far as the repatriation process was concerned.</div>
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He said:</div>
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The countries are willing but I also said it has to comply with their own system; we have to get the documents, especially the shipping documents, how they load here in our terminals and the destinations. </div>
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Some of them even change the crude or the destinations on the high sea and then change the account, instead of the Federal Government account, they pay into individual accounts. </div>
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The cooperation we need is that once we get those shipping documents and we are lucky to trace them up to the countries where they sold the crude and which account it goes, then we will submit the evidence in terms of loading, the payment made and the account. </div>
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Once we do these, they are very willing to make sure that all those accounts are frozen and money repatriated to Nigeria. </div>
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It is not an easy process but I assure you that we are working very hard. We cannot say we will wait until when everything is completed. Whatever we are able to get in a couple of months, we will bring it out for Nigerians to know.</div>
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On the planned breaking of the Nigerian National Petroleum Corporation (NNPC), Buhari said the best way to go was to first establish the magnitude of the inexplicable way the NNPC had conducted itself.</div>
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He said after doing that, his administration would be on a higher moral ground to implement whatever recommendations made to it.</div>
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Buhari traced the continued problem of fuel scarcity to the destruction of infrastructure.</div>
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Buhari said: </div>
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The problem of fuel scarcity is one of the problems. We all know we used to have four refineries refining daily on the average of about 450,000 barrels per day. </div>
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We had 25 depots all over the country from Maiduguri to Ilorin, from Gusau to Yola, from Makurdi to Port Harcourt to Ibadan. </div>
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These entire infrastructure have virtually been vandalised and Nigerians are forced to buy products from world markets as if Nigeria hasn't invested in the industry. This is sheer corruption and inefficiency. </div>
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This situation cannot be undone overnight. Firstly, we have to organise with our partners who had been developing the petroleum sector. </div>
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Nigeria was consistently losing on a daily basis millions of dollars. I think those who have been operating in the industry have been displaying lack of conscience and patriotism. Only God knows the amount of damage done to Nigeria.</div>
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Buhari said he discussed the issues of unemployment, insecurity and corruption with President Barack Obama when he visited the United States last week.</div>
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He said he was impressed with the concern raised by the US and Europe about the situation in Nigeria.</div>
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Government Officials Still Stealing Our Crude Oil - Buhari

ABUJA, NIGERIA - President Muhammadu Buhari has regretted that crude oil theft that characterised past governments was still thriving u...

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US Visit: Buhari Now Has Names of Oil Thieves

Government Officials Still Stealing Our Crude Oil - Buhari

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