Connect with us


Top Stories

Oil Theft: Navy Uncovers 400,000 Capacity Diesel Bunker In Lekki Private Residence

Published

on

Operatives of the Nigerian Navy Ship (NNS) BEECROFT have uncovered an alleged illegal Automated Gas Oil (AGO) bunker with 400 thousand litre capacity at a private residence in the Lekki area of Lagos.The discovery followed intelligence received by the Base that a gas tanker was seen loading at the Elegushi Beach.

Handing over the suspects and recovered products to the Nigerian Security and Civil Defence Corps (NSCDC) at Silver Bird Road, Ilasun in Lekki, the Commander, NNS BEECROFT, Commodore Rafiu Taye Oladejo, said the suspects operated an unregistered company Ahmed Ariyo Sons Nigeria Limited, in a residential neighbourhood.
He said Ariyo, two sisters and other suspects were running an illegal family business without a care for the safety of others.

“It’s worrisome that an apartment of this nature is serving as illegal fuel depot undermining the economic and security implications on lives and properties for the general area should there be a case of fire disaster.

“Eight tanks of 50,000 storage capacity each were kept in the compound with cumulatively, 57,000 litres of AGO in them during confiscation, while the truck had 7,000 litres and the white TM bus had 30 jerry-cans of 50 litres totalling 1,500 litres of AGO with an estimated market value of N89,000,000.

“In addition, there were 400 jerry-cans, 13 drums carefully stocked inside another TM bus as well as in the compound.

“Yesterday afternoon (Tuesday), we got intelligence that a white bus was loading petroleum products at Elegushi Beach.

READ ALSO:   IPOB, Yoruba Separatist Groups Plotting To Attack Lagos - CP

“We dispatched our Quick Response to the location. Before they could get there, both the boat and bus had disappeared.

Advertisement

“Our further surveillance of the white bus led to the discovery of this private apartment of an illegal fuel depot,” he said.
The Nation learnt that the estimated worth of all the storage facilities should they contain AGO to full capacity was N500 million.

Asked if there were other collaborators in the crime, Oladejo said: “It cannot be one-man show. However, we are not relenting to tackle oil theft in all ramifications in consonance with the Chief of Naval Staff, Vice Admiral Emmanuel Ikechukwu Ogalla’s directives to stamp oil theft out of the maritime environment.”

Advertisement
READ ALSO:   Lagos Reopens Chrisland For SS3, JSS3 Students Amid Whitney Adeniran Case

An unbothered Ariyo told reporters that he started the business five years ago and secured a N50m loan from a bank.

It was learnt that the business was not registered with the Corporate Affairs Commission (CAC), and has been getting supplies from workers in oil vessels popularly called “Remain on Board” (RB).

Advertisement

Also, he bought products from depots with waybills that permitted him to load in Apapa.
The 47-year-old Ariyo said: “Since I started about five years ago, I deal only on Diesel (AGO) and retail the product to individuals within Jakande, Agunji, Igbo-Efon, Ajah and its environs.

“I bought four of the tanks from a filling station for N1.5m each after the station discarded during renovation.”

Advertisement
READ ALSO:   FG Approves N169.7 Billion For Reconstruction Of 4 Roads Under Tax Credit Scheme
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *







Top Stories1 hour ago

Breaking: Protesters Storm EFCC Headquarters, Demand Ex-Gov Matawalle’s Probe

Top Stories2 hours ago

BREAKING: Zenith Bank Remains Only Nigerian Financial Institution With A Trillion Market Cap In…

Breaking News2 hours ago

UBA champions youth empowerment through graduate programme, employs 398 across Africa

Breaking News2 hours ago

Wema Bank to seek shareholders’ approval for N200 billion capital raise

Entertainment4 hours ago

Cher, 77, says she prefers younger boyfriends because men her age ‘are all dead’

News5 hours ago

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 3rd May 2024

Sports5 hours ago

EPL: Why Tottenham lost 2-0 to Chelsea – Postecoglou

Business and Brands5 hours ago

Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024

News6 hours ago

Some Nigerians Don’t Want Power Sector To Work – Minister Of Power, Adelabu

Entertainment6 hours ago

Theo Somolu And Folake Olowofoyeku To Star In Disney’s ‘Mufasa’

Top Stories6 hours ago

Why Tinubu’s Administration Will Not Blame Buhari For Nigeria’s Economic Crisis – Kashim Shettima

Politics6 hours ago

Buhari imposed Abdullahi Adamu on APC despite pending corruption charges – Edwin Clark

Top Stories6 hours ago

Transcorp Group delivers impressive Q1 2024 performance; sustains revenue growth of 173% and PBT of N45 billion

News21 hours ago

‘You Are Frustrated’ – Group Slams Suswam For Criticizing Tinubu’s Govt

Business and Brands22 hours ago

Erin People Find A Home In ‘Erinmoje’

Also Read...