News Agency of Nigeria (NAN)

‎NPDC Loses N1.5tr to attacks – Baru

Maikanti Kacalla Baru:NNPC Group MD
By Edith Ike-Eboh
The Nigerian Petroleum Development Company (NPDC), the exploration and production subsidiary of the Nigerian National Petroleum Corporation (NNPC), lost N1.5 trillion to attacks on its facilities from January till date.
The Group Managing Director of Nigerian National Petroleum Corporation(NNC) , Dr Maikanti Baru,  disclosed this at the opening ceremony of the 2016 NNPC Security Awareness Week.
The  theme of the Security Awareness is  “NNPC Security: A Task for All Stakeholders”,
In a statement signed by Group General Manager, Group public Affairs Division, Mr Ndu ughamadu, in Abuja on Wednesday, Baru lamented the rising spate of criminality in the society at large and in the oil and gas industry.
He said that the situation had led to loss of much needed revenue.
“At industry level, we are all conversant with the seriousness and frequency with which national assets in form of pipelines, flow stations are vandalised and crude oil and white products stolen with impunity.
“In 2016 (January to date), for example, NPDC alone recorded 59 security incidents resulting in crude production shut down/deferment and revenue loss of over N1.5 trillion”, he said
He urged all Nigerians to do everything possible to help protect the national assets, adding that governments at various levels were doing much to fight criminality.
He added  that success could only be achieved when all stakeholders imbibe the consciousness that security was a task for everyone.
“At corporate level, you are all aware that the first item on my 12 Focus Areas is security.
“This is in recognition of the imperative that without assurances of safety, NNPC, the oil and gas industry, and indeed the country cannot achieve appreciable growth to assure citizens of decent and productive lives”, he stated.
The GMD also used the opportunity to launch the Corporation’s Kidnap for Ransom Policy to raise staff awareness on the need to avoid actions that predispose them to being kidnapped.
He charged staff to participate actively in the activities of the Security Awareness Week to imbibe ideas that could help them not only in personal security, but also in the protection of national assets.