Friday 5 September 2014

OIL THEFT: IOCs KEEP MUM AS STAKEHOLDERS TRADE BLAME

Shell and Chevron, two leading international oil companies(IOCs) active in Nigeria have maintained stoic silence over the declaration on Wednesday by the chief of naval staff, Vice-Admiral Usman Jibrin that oil companies are culpable in oil theft, a LEADERSHIP survey of stakeholder reactions has revealed. 

While Chevron’s general managerin charge of public affairs , Sola Adebonwo, did not respond to telephone enquiries, his colleague, Ibe Ojo, refused to comment insisting that only his boss could talk to the press on the matter. Similarly, Shell spokesman, declined to comment on the issue. However, Nigeria’s representative on the global board of the Extractive Industries Transparency Initiative (EITI), Faith Nwadishi, said the IOCs cannot be exonerated from alleged culpability in oil theft.

Read more @ Leadership

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