The Senate Adhoc Committee on oil theft said it it has started investigation into issues surrounding the stealing of oil and illegal bunkering activities in the Niger Delta region.
The Chairman of the Committee, Bassey Akpan, made this disclosure while welcoming questions from newsmen on his arrival at the Port Harcourt International Airport over the week.
Akpan decried the massive oil theft in the country, reaffirming that it’s troubling.
He revealed that the country had lost huge funds and has been unable to meet the quota allocated by the Organisation of Petroleum Exporting Countries.
He said, “Our intention is to visit every oil terminal in the Niger Delta region to see things for ourselves, the reason for oil theft, the reason for oil losses.
“We at the National Assembly believe that the local refining capacity as a result of all the bunkering issues can never be guaranteed or be sustained or be ensured by the losses.
“We believe that there are other areas where the country loses this huge revenue and resources. So it’s a serious job we are out here to do.”