Still on the controversial probe into the nation’s oil sector, an oil and gas expert; Kestin Pondi, while speaking on the Ribadu report, stated that the report has proved to people of the Niger Delta in the creek that the claims of the International Oil Companies (IOCs) and the NNPC that they lose 150,000 barrels of crude oil daily to oil thieves is fallacious.
Mr Pondi, considers what happens in the oil offices in Abuja to be a ‘monumental fraud’ as there is a rot in the system.
He further alleged that it is the figures given by these IOC’s and oil multinationals as the quantity of oil produced per day that is being depended on.
Watch complete interview for more details.
