Commodities and Futures News

Former Nigerian militants get contracts to combat oil theft

2022.08.26 17:54

Former Nigerian militants get contracts to combat oil theft
Former Nigerian militants get contracts to combat oil theft

Former Nigerian militants get contracts to combat oil theft

Nigeria’s state oil company has hired a company owned by former militant Tompolo, whose movement’s attacks on facilities in the early 2000s crippled oil production, to protect installations and tackle rampant theft, his spokesman said.

It was one of five security contracts awarded as theft and pipeline sabotage have cut Nigeria’s oil exports by nearly half a million barrels per day to 1.4 million bpd.

Tompolo, whose real name is Government Ekpemupolo, once lead the Movement for the Emancipation of the Niger Delta (MEND), which made frequent attacks until a government amnesty programme gave some militants contracts to protect oil installations.

Attacks resumed in 2016, not long after the government issued an arrest warrant for Tompolo on corruption charges.

Paul Ebbenimibo, a spokesman for Tompolo, said the companies would protect pipelines Bayelsa, Delta, Edo, Ondo and Imo states.

Ebbenimibo said that Tompolo told others in the region to stop stealing from the pipelines and accept security jobs to enable the economy in the region to bounce back.

An NNPC source confirmed the contracts but the state oil company did not comment when reached by Reuters. Spokesmen for Bayelsa, Delta and Imo state said they were aware of the contracts but did not know details. Spokesmen for Edo and Ondo did not comment.

Ebbenimibo said the companies were Global West, owned by Tompolo, Ocean Marine Solutions, Labrador Security Outfit, Asari Dokubo and a fifth undisclosed company.

Source

Former Nigerian militants get contracts to combat oil theft

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 74,976.09 1.17%
ethereum
Ethereum (ETH) $ 2,818.15 7.14%
tether
Tether (USDT) $ 1.00 0.15%
solana
Solana (SOL) $ 187.65 0.72%
bnb
BNB (BNB) $ 594.03 2.08%
usd-coin
USDC (USDC) $ 0.999894 0.05%
xrp
XRP (XRP) $ 0.548719 3.10%
dogecoin
Dogecoin (DOGE) $ 0.190581 3.92%
staked-ether
Lido Staked Ether (STETH) $ 2,817.19 7.19%
tron
TRON (TRX) $ 0.160486 1.91%
cardano
Cardano (ADA) $ 0.376542 5.19%
the-open-network
Toncoin (TON) $ 4.90 4.35%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,329.60 7.22%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 1.18%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 74,939.08 1.17%
avalanche-2
Avalanche (AVAX) $ 26.94 2.39%
weth
WETH (WETH) $ 2,819.13 7.27%
chainlink
Chainlink (LINK) $ 12.32 4.26%
bitcoin-cash
Bitcoin Cash (BCH) $ 377.27 1.61%
sui
Sui (SUI) $ 2.26 1.11%
polkadot
Polkadot (DOT) $ 4.09 0.41%
leo-token
LEO Token (LEO) $ 6.23 0.98%
usds
USDS (USDS) $ 0.994366 0.46%
uniswap
Uniswap (UNI) $ 9.12 0.27%
litecoin
Litecoin (LTC) $ 70.92 1.72%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,964.82 7.29%
aptos
Aptos (APT) $ 9.77 5.11%
near
NEAR Protocol (NEAR) $ 4.17 1.09%
pepe
Pepe (PEPE) $ 0.00001 10.57%
bittensor
Bittensor (TAO) $ 514.26 1.37%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.39 0.96%
internet-computer
Internet Computer (ICP) $ 7.67 0.12%
dai
Dai (DAI) $ 1.00 0.14%
monero
Monero (XMR) $ 163.71 0.95%
kaspa
Kaspa (KAS) $ 0.119028 1.77%
ethereum-classic
Ethereum Classic (ETC) $ 19.98 4.40%
stellar
Stellar (XLM) $ 0.098894 2.62%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.09%
aave
Aave (AAVE) $ 187.15 16.10%
whitebit
WhiteBIT Coin (WBT) $ 19.30 0.28%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.342355 5.16%
blockstack
Stacks (STX) $ 1.67 0.45%
okb
OKB (OKB) $ 40.10 3.14%
first-digital-usd
First Digital USD (FDUSD) $ 0.998218 0.11%
crypto-com-chain
Cronos (CRO) $ 0.085922 1.92%
dogwifcoin
dogwifhat (WIF) $ 2.33 1.74%
arbitrum
Arbitrum (ARB) $ 0.581097 10.09%
filecoin
Filecoin (FIL) $ 3.73 3.20%
mantle
Mantle (MNT) $ 0.633755 7.89%
celestia
Celestia (TIA) $ 5.11 8.06%