Senate approves N48 billion pipeline security deal with former militant leader Tompolo.

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The Senate has approved the federal government’s $48 billion oil pipeline monitoring contract with the Ekpempolo government, commonly known as Tompolo.

Former Niger Delta militant leader now He is leading the protection of the Akwa Ibom, Bayelsa, Cross He River, Delta, Edo and Rivers state oil pipelines.

In August, the government of President Muhammadu Buhari hired Tompolo over rising oil theft in the South-South region.

The deal, signed by the Ministry of Petroleum Resources and the Nigerian National Petroleum Company (NNPC), was intended to stop Nigeria from losing about 500,000 barrels of oil per day. On Tuesday, Senator Albert Akpan, chairman of the Senate Oil (Upstream) Committee, confirmed the approval of the Red Chamber.

A member of parliament spoke to journalists in Abuja after releasing a report from the Senate Select Committee on Oil Exploration and Theft.
Bassey explained that there is nothing wrong with hiring a non-state actor to secure an oil pipeline if the contract achieves the desired outcome.

“There are both formal and informal approaches to solving this problem,” NAN quotes him.

“If this contract is properly executed and dealt with, there will be no problem. If the desired result is achieved, I think there will be no problem.”

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