https://adronhomesproperties.com/
https://adronhomesproperties.com/
https://adronhomesproperties.com/
https://adronhomesproperties.com/
https://www.accessbankplc.com/ https://www.accessbankplc.com/ https://www.accessbankplc.com/
ADVERTISEMENT
  • ABOUT US
  • CONTACT US
  • Latest Naija News Today
  • Privacy Policy
  • TheGeniusMedia – Latest News, Naija News, and World News
Saturday, May 23, 2026
The Genius Media NG
  • Login
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
The Genius Media NG
No Result
View All Result
First Bank Ad First Bank Ad First Bank Ad
ADVERTISEMENT
ADVERTISEMENT

Shell in Trouble As Civil Society And Groups Condemn Plot To Smear AITEO

Tgmedia by Tgmedia
March 21, 2021
in Energy
0
ADVERTISEMENT

RelatedPosts

BREAKING: Nigerians His By Middle East War As Petrol And Cooking gas Prices Soar

BREAKING: Fuel Price To Increase Again As Dangote Refinery Moves To Stop Supply To Nigerian Market

BREAKING: 46 Years After, Shell Nigeria Rename To Renaissance Africa Energy Company Limited

Shell in Trouble As Civil Society And Groups Condemn Plot To Smear AITEO…..…DPR Condemns, Sanctions SDPC for Short-changing Aiteo, other Indigenous Oil Firms.

Civil Society Organisations (CSOs), youth leaders, lawyers as well as student bodies, have alerted Nigerians and the international community of an alleged plot by oil giant,

ADVERTISEMENT

the Shell Petroleum Development Company of Nigeria Limited (SPDC), to launch a global smear campaign against Aiteo Group.

The groups and their members, numbering over a thousand who gathered in Abuja, told journalists that information at their disposal indicated that the development was meant to divert attention from the international oil company’s role in the missing 16 million barrels of crude oil.

Stating that the missing crude oil had deprived Nigeria of the needed revenue to fix the country, the aggrieved groups, including human rights organisations, maintained that the authorities must focus on getting to the root of the matter, rather than being distracted by the alleged plot.

Shell in Trouble As Civil Society And Groups Condemn Plot To Smear AITEO
Shell in Trouble As Civil Society And Groups Condemn Plot To Smear AITEO

Other organisations present at the event were the Arewa Consultative Youth Movement, the Ohanaeze Ndi Igbo Youth Movement, Niger Delta Youth Council, Oduduwa Youth Assembly, Middle Belt Youth Vanguard, the Africa Youth Council among others.

Also present were Consortium of lawyers for Human Rights and Justice, African Centre for Human Rights and Justice and the Africa Youth Council.

In a joint statement, read on behalf of the conveners by Mr Tochukwu Ohuzuruike, a lawyer, and Mallam Kabir Yusuf, the groups said that the latest attempt was aimed at diverting attention from crude theft allegation and sabotaging the efforts of President Muhammadu Buhari to raise the nation’s oil revenue.

They reiterated their earlier position that the Department of Petroleum Resources (DPR), having conducted an investigation, discovered that Shell deployed an unapproved metering system totalling over 2 million barrels of oil which the agency asked Shell to refund to the affected companies.

The groups said that they were of the view that the unapproved metering system Shell deployed was such that it gave inaccurate figures of the actual volume of crude pumped to the terminal.

Shell in Trouble As Civil Society And Groups Condemn Plot To Smear AITEO

According to them, since the allegation broke, Shell had been doing its best to divert attention, obfuscate facts, deflect all efforts at getting to the truth and sponsor an international media smear campaign against Aiteo and its management.

The groups listed some highpoints of the alleged smear campaign as labelling Aiteo as a serial loan defaulter, portraying the company in bad light before credible lenders across the world and making it impossible for the company to access any further financial facilities from lenders.

“It is this same statement which had been invalidated and set aside by a court of competent jurisdiction that Shell is deliberately pushing out to the media without mentioning that it has been set aside and invalidated by the court.

“More of the information Shell is syndicating in the media is that Mr. Benedict Peters has no reasonable and verifiable means of income and livelihood among others,” the groups stated.

The groups called on Nigerians and the global community to ignore the alleged fabricated and well financed smear campaign against Aiteo and its executives.

“This economic sabotage has not only affected the local oil companies but has drastically affected the oil revenue base of the federal government and has denied the government of the needed revenue to complete the fix Nigeria project,” the groups noted.

Shell in Trouble As Civil Society And Groups Condemn Plot To Smear AITEO

However, Shell had denied any wrongdoing in the case of the missing barrels of oil, stating that the allegations were factually incorrect and that there was no loss of revenue to the federal government.

In a statement by Shell’s Media Relations Manager, Bamidele Odugbesan the crude theft/diversion allegation was also factually incorrect.

ADVERTISEMENT

He said: “This is a distinct issue that relates to the directive by the Department of Petroleum Resources to SPDC as operator of the Bonny Oil and Gas Terminal, an asset belonging to the SPDC Joint Venture, to implement a crude re-allocation programme between injectors into the SPDC JV’s Trans Niger Pipeline and injectors into the NCTL.

“Crude allocation review and re-allocation is a normal industry practice to re-allocate previous provisional allocated volumes under the directive and supervision of DPR, and this is not an exercise resulting from crude diversion, underreporting or theft at the terminal.

“This industry practice is not peculiar to the SPDC-operated Bonny Oil and Gas Terminal alone and does not translate into any loss of volumes to the Federal Government of Nigeria.

“The re-allocation in issue was initiated by SPDC as operator of the Bonny Oil and Gas Terminal, while the DPR validated and confirmed it for implementation for the concerned oil producers.

Crude oil production metering and allocation are subject to specific guidelines issued by the industry regulator, DPR. SPDC strictly adheres to these guidelines and the implementation is regularly verified by the regulator

Share this:

  • Email a link to a friend (Opens in new window) Email
  • Tweet
  • Share on Telegram (Opens in new window) Telegram
  • Share on Reddit (Opens in new window) Reddit
  • Share on Tumblr
  • More

Like this:

Like Loading…
" data-ad-slot="">
Previous Post

Watch As Fani Kayode Mocks President Joe Biden After He Fell On Airplane

Next Post

BREAKING: Chelsea Defeat Stubborn Sheffield United To Reach #FACup Semis – #CHESHU

Related Posts

Energy

IPMAN: we now get 80 trucks of petrol daily from Lagos and Ogun Depot

by Tgmedia
December 25, 2017
0

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised the hope of an end to petrol scarcity, saying its...

Read more
#TCN Overhauls Equipment For Improved Electricity Supply To Nigerians

JUST IN: #TCN Overhauls Equipment For Improved Electricity Supply To Nigerians

December 9, 2023

Shell launches global education initiative for Young People in Nigeria

October 2, 2017
Next Post

BREAKING: Chelsea Defeat Stubborn Sheffield United To Reach #FACup Semis - #CHESHU

https://adronhomesproperties.com/
https://adronhomesproperties.com/
" data-ad-slot="">

About Us

Thegenius Media.com.ng is an Online Nigerian NEWS HUB with good coverage and reportage of Exclusive Stories, Daily News Updates, Politics, Entertainment, Crime, Lifestyle, Relationship Tips and Sports.

RELEVANT PAGES

  • About Us
  • Privacy Policy
  • Contact Us

Alert Us

Important Press Releases, Breaking Stories, Special Investigations: thegeniusmedia1@gmail.com

Office Address

No 26 Oroleye Crescent off Abel Oreniyi Street.
Off Salvation Road, Opebi
Ikeja, Lagos

Tel:

Copyright © 2024 TheGeniusMedia.com.ng

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports

© TheGeniusMedia.com,ng

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover more from The Genius Media NG

Subscribe now to keep reading and get access to the full archive.

Continue reading

%d