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HomeMetro NewsNavy hands over vessel used for stolen crude oil to EFCC

Navy hands over vessel used for stolen crude oil to EFCC

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The Nigerian Navy Ship (NNS) Delta has handed over the MT TECNE vessel to the officials of the Economic and Financial Crimes Commission (EFCC).

The impounded vessel, laden with 1,905.8 metric tons of products suspected to be stolen crude oil, was handed over to the anti-graft agency on Friday at the Warri Naval Base.

The EFCC consequently handed over the vessel to Showboy Integrated Services, which is now the buyer of the property.

The Executive Officer of the NNS DELTA, Solomon Paul released the vessel to the representatives of the EFCC on behalf of the Commander of the NNS DELTA, Chindo Yahaya.

Addressing newsmen, Yahaya, a Commodore said that the vessel was released on directives from the Naval Headquarters.

He said that the ship was apprehended on April 25, 2017, by the operatives of the NNS Delta within the Warri waterways.

READ ALSO: Oil prices edge higher by tight supply expectations

“It will be recalled that MT TECNE was apprehended on April 25, 2017, for engaging in illegal oil bunkering in the Warri waterways.

“Preliminary investigation reports had it that the vessel was laden with 1,905.83 metric tons of crude oil allegedly stolen. The vessel was earlier handed over to the EFCC for prosecution.

“Consequently, at the end of the court case, the Naval Headquarters has directed the revocation of the product and subsequent release of the vessel to Showboy Integrated Services.

“On this note, I have handed over the vessel to the representatives of the EFCC for subsequent handing over to Showboy Integrated Services,” he said.

A representative of the EFCC in Port Harcourt, Lawan Ado received the vessel on behalf of the anti-graft agency.

“After a successful investigation and prosecution, we are able to secure the condition, and the vessel is finally forfeited to the Federal Government.

“And we have auctioned it to Showboy Integrated Services. We are here to hand it over to the company’s representatives,” Ado said.

On his part, the representative of Showboy Integrated Services, Adetokunbo Arowojolu said that the vessel would be used for legitimate businesses. (NAN)

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