President Muhammadu Buhari has banned 113 crude oil vessels from Nigerian oil facilities and territorial waters.
The ban was conveyed via a memo to oil terminal operators by the Group General Manager, Crude Oil Marketing Division, Nigerian National Petroleum Corporation, Mr. Gbenga O. Komolafe.
Though the memo was silent on the reason for the ban, which became effective on July 15, 2015, an online medium, THEWILL claimed that oil insiders attributed the ban to discrepancies in the volume of crude lifted from Nigerian terminals and the volume eventually discharged abroad to buyers. The memo reads:
“I am directed to convey to you the directives of Mr President, Muhammadu Buhari, GCFR, regarding prohibition of some Crude Oil Vessels. The whole list of One Hundred and Thirteen (113) Crude Oil Vessels indicated in the spreadsheet attached herewith have been prohibited forthwith from engaging in Crude Oil/Gas loading activities in any of the Terminals within the Nigerian Territorial waters till further notice.
“The affected vessels have also been barred from movements within the Nigerian Territorial waters forthwith.
“Finally, enforcement of the above directives takes immediate effect pending a notice to the contrary by Government, please.
President Buhari has met severally with the management of the NNPC and top bureaucrats at the Ministry of Petroleum Resources since he took office as President, with government sources divulging that a close scrutiny of all NNPC’s operations is being conducted.

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