MONEYBusiness & Finance · Rivers State
Rivers State: Navy seizes 132,000 litres of stolen crude oil
Updated 08:54 WAT, · first published 26 Oct 2026, 11:47 WAT · 2 outlets reporting
The Nigerian Navy uncovered approximately 132,000 litres of crude oil stored in ten dug‑out pits in the Allison community of Bonny LGA, Rivers State. The oil was described as suspected stolen crude and part of a wider anti‑theft operation in the Niger Delta. Officials said the seizure aims to curb illicit siphoning that fuels loss of national revenue.
What we know
- Navy discovered about 132,000 litres of crude oil in Bonny’s Allison community
- The oil was found in ten dug‑out pits
- Operation is part of ongoing efforts against Niger Delta oil theft
Why it matters: Crude oil theft erodes national revenue and security; the seizure underscores ongoing challenges in protecting Nigeria’s oil assets.
Sources
- Navy Uncovers 132,000 litres of Stolen Crude Oil in Bonny – ThisDay,
- Crude Oil Price Surges Above $117 Over Fears of Fresh US Strikes on Iran – ThisDay,
- Nigerian Navy uncovers 132,000 litres of suspected stolen crude oil in Rivers – Nairametrics,
Updates
- – Story published – 2 outlets
This page groups reports from the outlets above; headlines belong to their publishers. Summary written by our automated desk from multiple reports. How we work.
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