Buhari Lifts Ban Imposed On Crude Oil Vessels

Muhammadu Buhari-OnoBello

President Muhammadu Buhari has lifted the ban he had imposed on 113 crude oil tankers in July. Buhari had prohibited the tankers from operating in the nation’s territorial waters, following their alleged role in corruption and the theft of Nigerian crude oil.

The Nigerian National Petroleum Corporation, NNPC, conveyed Buhari’s pardon to commodity traders and shipbrokers in a letter, according to a Financial Times news report.

President Muhammadu Buhari issued the directive allowing the entry of incoming ships subject to a guarantee that they “will not be utilised for any illegal activity whatsoever”.

The report said the NNPC letter which was dated September 8, 2015, stated that the president had undertaken a review of the vessels and their operations.

This development comes a few months after INTERTANKO, the global oil tanker industry association had protested against the ban. The association, in a protest letter called on the President to lift the ban since there was “no evidence or grounds” to back its allegations.

Source: THEWILL

 

 

 


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