In recognition of recent gains made in the fight against oil theft in the country, the National Probity and Value for Nation Building Organisation (NPVNBO) has lauded Tantita Pipeline Surveillance and Security Company for its role in complementing the military’s effort to secure the country’s critical assets.
The group spoke against the backdrop of statements by the Coalition of Civil Society Groups in Nigeria regarding the award of oil pipeline surveillance contracts to security firms. The coalition had specifically highlighted the contract awarded to Tantita Ltd, owned by Government Ekpemupolo, also known as Tompolo.
In a statement yesterday, NPVNBO said: “It’s important to first acknowledge the dire state of the nation’s oil sector before the security companies, particularly Tantita Security Company Limited, came on board.
“When the armed forces were solely responsible for pipeline protection, Nigeria’s oil output had plummeted to a mere 500,000 barrels per day, resulting in unprecedented levels of crude oil theft and minimal profits for the Nigerian National Petroleum Company Limited (NNPCL). This had seriously damaged the nation’s economy and environment.
“However, since the engagement of Tantita Security Services to safeguard our critical oil installations, the situation has dramatically improved. Our oil output has now increased to 1.5 million barrels per day, as recently reported by the Organisation of Petroleum Exporting Countries (OPEC).
“This is a testament to the success of the Federal Government, NNPCL and Tantita’s collaborative efforts.”
