Mr. Maikanti Baru who is the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC),on Wednesday said the corporation has recorded 1,447 incidents of pipeline vandalism between January and May this year.
The wanton destruction of pipelines, he said, had led to loss of 109 million liters of petroleum products and 560, 000 barrels of crude oil to refineries.
While lamenting the growing incidence of pipeline vandalism in the Niger Delta region in 2015 alone, he added that government lost over N51.28 billion through deliberate pipeline burst by vandals.
Baru made the disclosure during a courtesy visit to the Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Abdullahi Muhammadu Gana, in Abuja.
According to the NNPC boss, the time has come for NNPC to seek greater collaboration with NSCDC, adding that in five months, between January and May this year, no less than 1, 447 incidents have been recorded leading to loss of 109 million liters of petroleum products and 560, 000 barrels of crude oil to refineries.
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