• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home Security Nigerian Navy Confiscates N420bn Crude Oil in 2016
  • Security

Nigerian Navy Confiscates N420bn Crude Oil in 2016

By
Suleman Dahun
-
February 2, 2017
Nigerian Navy
Navy in Niger Delta

The Chief of the Naval Staff, (CNS) Vice Admiral Ibok-Ete Ibas has presented an operational scorecard of the Service for 2016. In his 2017 budget defence at the House of Representatives, the CNS disclosed that the Nigerian Navy confiscated crude oil and diesel worth about N420 billion in 2016. Throwing more light on the seizures, the CNS informed the House that the specific quantity of crude oil and diesel stood at 810,725 and 1,078 metric tons respectively.

Giving a breakdown of the achievements of the Service in 2016, the CNS revealed that the Nigerian Navy destroyed 181 illegal refineries, 263 wooden boats, 38 barges, 139 Geepee tanks, 148 pumping machines, arrested 784 suspects, 22 crude vessels, 53 wooden boats, 145 outboard engines, 135 speed boats, 27 tankers, seized 2,974 drums and recovered 468 arms, 1,659 ammunitions in 2016.

Furthermore, he said the Nigerian Navy confiscated 210 storage tanks, 47 vehicles, 15 motorcycles, 4,753 jerrycans, 27 power generating sets, 224 surface tanks, 24 hoses, 17 welding machines and 33 other vessels, reiterating that the feat was despite the reduction in overhead with only N2.5bn released out of about N3.4bn appropriated in 2016.

He said out of the N56.463 billion appropriated for personnel cost in 2016, N49.656bn was released, while the sum of N205.879 million was generated as Internally Generated Revenue and remitted to government via the Treasury Single Account (TSA).

As for 2017, he said the Nigerian Navy plans to expend about N26.446 billion on capital projects with the priority areas listed as fleet renewal, operational infrastructure upgrade, operational logistics procurement, capacity development and personnel welfare.

Earlier, the chairman House Committee on Navy Honourable Abdulsamad Dasuki commended the Nigerian Navy for performing credibly well, despite insufficient funding and other operational challenges, promising that the committee would ensure adequate allocation of fund for the maintenance and fuelling of Nigerian Navy platforms. The Chairman however, observed that an estimated N3 trillion ($10bn) was lost in revenue due to Nigerian Navy’s inability to carry out statutory duties, reiterating that the Navy’s budgetary allocations must be realistic.


SULEMAN DAHUN
Navy Captain
Acting Director of Information


PRNigeria encourages institutions to be transparent in their information management as it provides news items from authoritative sources for free use by the media
VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • (CNS
  • Abdulsamad Dasuki
  • Ibok-Ete Ibas
  • TSA
Previous articleSoldier Bags 7yrs Imprisonment for Manslaughter
Next articleSmuggling And Evasion Of Duty On Vehicles Imported Through Land Borders Is Adverse To Auto Policy Development
Suleman Dahun
Suleman Dahun
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Picture of Trump and Femi Fani Kayode

An Open Letter to Nigerians on Donald Trump’s Love for Nigerian Christians, By Chief Femi Fani-Kayode

Nigerian Police Force

Katsina Police Deploy Fresh Security Measures to Protect Schools

BOOK REVIEW: IMPR Chairman Applauds PRNigeria Corpers for Documenting Nigeria’s War on Drug Trafficking, Smuggling

Department of State Service, DSS

DSS Nabs Notorious Bandit in Bauchi Hideout, Seizes Cash, Ammunition

Military Troops in Action

Troops Eliminate 6 Bandits, Recover Firearms in Zamfara

President Bola Tinubu with Service Chiefs

PHOTOS: Tinubu Summons Security Chiefs After Fresh Resurgence of Attacks

Tinubu Orders Withdrawal of Police from VIPs, Okays Recruitment of 30,000 Personnel

President Bola Ahmed Tinubu

‘I Will Not Rest’: Tinubu Vows to Tackle Insecurity Nationwide

Map of Kwara State

Kwara: 38 abducted churchgoers regain freedom

Army Captures Notorious Kidnapper in Wukari, Launches Manhunt for Abducted Victim

Some of the illicit Drugs which were seized by the NDLEA

NDLEA Busts 6 Major Drug Syndicates, Arrests 9 Kingpins, Seizes Tons of Narcotics

CP Jimoh Moshood

How Lagos Police Complied with Court Order on NESTOIL Premises

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • An Open Letter to Nigerians on Donald Trump’s Love for Nigerian Christians, By Chief Femi Fani-Kayode
  • Katsina Police Deploy Fresh Security Measures to Protect Schools
  • BOOK REVIEW: IMPR Chairman Applauds PRNigeria Corpers for Documenting Nigeria’s War on Drug Trafficking, Smuggling
  • DSS Nabs Notorious Bandit in Bauchi Hideout, Seizes Cash, Ammunition
  • Troops Eliminate 6 Bandits, Recover Firearms in Zamfara
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
An Open Letter to Nigerians on Donald Trump's Love for Nigerian Christians, By Chief Femi Fani-KayodeKatsina Police Deploy Fresh Security Measures to Protect SchoolsBOOK REVIEW: IMPR Chairman Applauds PRNigeria Corpers for Documenting Nigeria’s War on Drug Trafficking, SmugglingDSS Nabs Notorious Bandit in Bauchi Hideout, Seizes Cash, AmmunitionTroops Eliminate 6 Bandits, Recover Firearms in ZamfaraPHOTOS: Tinubu Summons Security Chiefs After Fresh Resurgence of AttacksTinubu Orders Withdrawal of Police from VIPs, Okays Recruitment of 30,000 Personnel‘I Will Not Rest’: Tinubu Vows to Tackle Insecurity NationwideKwara: 38 abducted churchgoers regain freedomArmy Captures Notorious Kidnapper in Wukari, Launches Manhunt for Abducted VictimDon’t Let Trump’s Remarks Divide Nigeria - Muslim, Christian Clerics Warn CitizensNDLEA Busts 6 Major Drug Syndicates, Arrests 9 Kingpins, Seizes Tons of NarcoticsDefection: Is Nigeria Sliding into Chinese Democracy?Don’t make case for criminals, Tinubu’s Aide Warns NigeriansAfrican Customs Bodies Pledge Stronger Cooperation Against Non-Tariff Barriers
X whatsapp