The Nigerian Navy intercepted two vessels carrying 939 metric tons of suspected stolen crude oil with an estimated market value exceeding N4 billion. The operation took place in the Niger Delta region, a frequent hotspot for oil theft and illegal refining activities. Naval authorities confirmed the seizure but did not disclose the exact location or date of the operation. The vessels, along with the crude oil, have been taken into custody pending further investigation. No arrests were announced, and the identities of any potential suspects remain undisclosed. The Navy attributed the success to its ongoing anti-oil theft initiative, which includes increased maritime surveillance and intelligence gathering. Crude oil theft has long plagued Nigeria's oil sector, contributing to significant revenue losses and environmental degradation in the South-South region. The military has intensified operations in recent months to curb illicit activities in the nation's territorial waters.
Naija News