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	<title>Crude Oil Theft - Housing TV Africa</title>
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	<lastBuildDate>Tue, 07 Jul 2026 16:16:39 +0000</lastBuildDate>
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	<title>Crude Oil Theft - Housing TV Africa</title>
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		<title>Navy uncovers over 205000 litres of petroleum products</title>
		<link>https://www.housingtvafrica.com/navy-uncovers-over-205000-litres-of-petroleum-products/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=navy-uncovers-over-205000-litres-of-petroleum-products</link>
		
		<dc:creator><![CDATA[Housing TV Africa News Desk]]></dc:creator>
		<pubDate>Tue, 07 Jul 2026 16:16:39 +0000</pubDate>
				<category><![CDATA[Economic]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Africa Housing News]]></category>
		<category><![CDATA[Ahoada West LGA]]></category>
		<category><![CDATA[Capt. Abiodun Folorunsho]]></category>
		<category><![CDATA[crude oil deactivation]]></category>
		<category><![CDATA[Crude Oil Theft]]></category>
		<category><![CDATA[housing tv]]></category>
		<category><![CDATA[illegal AGO refining]]></category>
		<category><![CDATA[illegal bunkering Rivers State]]></category>
		<category><![CDATA[Latest Housing News & Updates - Housing TV Africa]]></category>
		<category><![CDATA[maritime security Nigeria]]></category>
		<category><![CDATA[Navy uncovers over 205000 litres of petroleum products]]></category>
		<category><![CDATA[Niger Delta economic sabotage]]></category>
		<category><![CDATA[Nigerian Navy oil raid]]></category>
		<category><![CDATA[NNS Soroh]]></category>
		<category><![CDATA[oil theft infrastructure]]></category>
		<category><![CDATA[Operation Delta Sentinel]]></category>
		<guid isPermaLink="false">https://www.housingtvafrica.com/?p=36268</guid>

					<description><![CDATA[<p><img width="1536" height="864" src="https://www.housingtvafrica.com/wp-content/uploads/2026/07/Nigerian-Navy-1536x864-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p>
<p>The Nigerian Navy has dismantled three major illegal oil refining installations operating within the Niger Delta region. Executed by the tactical personnel of the Nigerian Navy Ship Soroh, the security sweep took place along the Egboama/Ogbogolo corridor within the Ahoada West Local Government Area of Rivers State. The security operation targeted specialized infrastructure set up [&#8230;]</p>
<p>The post <a href="https://www.housingtvafrica.com/navy-uncovers-over-205000-litres-of-petroleum-products/">Navy uncovers over 205000 litres of petroleum products</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
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										<content:encoded><![CDATA[<p><img width="1536" height="864" src="https://www.housingtvafrica.com/wp-content/uploads/2026/07/Nigerian-Navy-1536x864-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p><p data-path-to-node="4">The Nigerian Navy has dismantled three major illegal oil refining installations operating within the Niger Delta region. Executed by the tactical personnel of the Nigerian Navy Ship Soroh, the security sweep took place along the Egboama/Ogbogolo corridor within the Ahoada West Local Government Area of Rivers State. The security operation targeted specialized infrastructure set up by illicit oil syndicates to undermine the country&#8217;s economic stability and degrade the local maritime ecosystem.</p>
<p data-path-to-node="5">During the intelligence-driven raid, naval operatives uncovered and neutralized six active refining ovens, three large storage reservoirs, and four specialized dugout pits. The structural dismantling resulted in the direct recovery of 38,500 litres of stolen crude oil alongside 167,180 litres of illegally manufactured Automotive Gas Oil, bringing the collective haul of illicit petroleum products to exactly 205,680 litres. Operational commanders noted that the volume and scale of the infrastructure emphasize the growing sophistication of illegal bunkering networks operating within the coastal terrain.</p>
<p data-path-to-node="6">The Director of Naval Information, Navy Captain Abiodun Folorunsho, confirmed that the tactical victory was achieved under the strategic framework of Operation Delta Sentinel. The ongoing maritime security campaign aims to degrade the logistical footprints, processing nodes, and supply networks driving crude theft rather than merely intercepting products while in transit. Following the successful enforcement action, the specialized equipment and confiscated petroleum fluids were treated according to existing anti-crude oil theft regulations to prevent reuse by economic saboteurs.</p>
<p>The post <a href="https://www.housingtvafrica.com/navy-uncovers-over-205000-litres-of-petroleum-products/">Navy uncovers over 205000 litres of petroleum products</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
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		<title>Senate Raises Alarm Over $303bn Missing From Crude Oil Proceeds</title>
		<link>https://www.housingtvafrica.com/senate-raises-alarm-over-303bn-missing-from-crude-oil-proceeds/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=senate-raises-alarm-over-303bn-missing-from-crude-oil-proceeds</link>
		
		<dc:creator><![CDATA[Housing TV Africa News Desk]]></dc:creator>
		<pubDate>Thu, 06 Nov 2025 05:55:50 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Crude Oil Theft]]></category>
		<category><![CDATA[Godswill Akpabio]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[HousingNews]]></category>
		<category><![CDATA[housingnewsnigeria]]></category>
		<category><![CDATA[HousingTVAfrica]]></category>
		<category><![CDATA[Latest Housing News & Updates - Housing TV Africa]]></category>
		<category><![CDATA[National Assembly]]></category>
		<category><![CDATA[Ned Nwoko]]></category>
		<category><![CDATA[Niger Delta]]></category>
		<category><![CDATA[Nigerian Upstream Petroleum Regulatory Commission]]></category>
		<category><![CDATA[NUPRC]]></category>
		<category><![CDATA[oil revenue]]></category>
		<category><![CDATA[Petroleum Industry Act]]></category>
		<category><![CDATA[senate]]></category>
		<guid isPermaLink="false">https://www.housingtvafrica.com/?p=27809</guid>

					<description><![CDATA[<p><img width="780" height="405" src="https://www.housingtvafrica.com/wp-content/uploads/2025/11/image-212.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Nigerian Senate chamber during plenary session on crude oil theft report" decoding="async" /></p>
<p>The Senate has revealed that about $303 billion in proceeds from stolen crude oil transactions both local and international remain unaccounted for. This disclosure came on Wednesday as the upper chamber received an interim report from its Ad Hoc Committee on Crude Oil Theft and Related Sabotage in the Niger Delta, chaired by Senator Ned [&#8230;]</p>
<p>The post <a href="https://www.housingtvafrica.com/senate-raises-alarm-over-303bn-missing-from-crude-oil-proceeds/">Senate Raises Alarm Over $303bn Missing From Crude Oil Proceeds</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><img width="780" height="405" src="https://www.housingtvafrica.com/wp-content/uploads/2025/11/image-212.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Nigerian Senate chamber during plenary session on crude oil theft report" decoding="async" loading="lazy" /></p><p>The Senate has revealed that about $303 billion in proceeds from stolen crude oil transactions both local and international remain unaccounted for.</p>
<p>This disclosure came on Wednesday as the upper chamber received an interim report from its Ad Hoc Committee on Crude Oil Theft and Related Sabotage in the Niger Delta, chaired by Senator Ned Nwoko (Delta North).</p>
<p>According to the report, forensic investigations conducted by independent consultants uncovered missing funds of $22 billion, $81 billion, and $200 billion across different periods.</p>
<p>The committee recommended that the Federal Government enforce internationally recognized crude oil measurement standards at all production and export terminals. It also urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to deploy modern measuring technologies or transfer the task to the Weights and Measures Department under the Ministry of Industry, Trade, and Investment.</p>
<p>To curb theft, the report further proposed the deployment of Unmanned Aerial Vehicles (UAVs) and an integrity pipeline monitoring system, as well as the establishment of a Maritime Trust Fund to enhance maritime infrastructure, safety, and security.</p>
<p>The committee also called for the creation of a special court to expedite the prosecution of crude oil thieves and their collaborators. It advised immediate implementation of the Host Communities Development Trust Fund under the Petroleum Industry Act (PIA) to reduce sabotage and hand over abandoned wells to modular refineries for local production.</p>
<p>During deliberations, several lawmakers expressed mixed reactions to the report.</p>
<p>Senator Abdul Ningi (Bauchi Central) cautioned that while the committee could trace losses, it lacked constitutional power to recover stolen funds.</p>
<p>Senator Olamilekan Adeola (Ogun West) urged the consultants to name the companies and individuals involved.</p>
<p>Deputy Senate President, Barau Jibrin (Kano North) clarified that the National Assembly could only recommend recovery to the executive arm.</p>
<p>Senate President Godswill Akpabio commended the committee’s efforts, directing it to continue investigations and present a comprehensive final report before any recommendations are adopted.</p>
<p>The post <a href="https://www.housingtvafrica.com/senate-raises-alarm-over-303bn-missing-from-crude-oil-proceeds/">Senate Raises Alarm Over $303bn Missing From Crude Oil Proceeds</a> appeared first on <a href="https://www.housingtvafrica.com">Housing TV Africa</a>.</p>
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