Buhari Backs Down, Unbans 113 Oil Vessels

Less than 24 hours after the United States authorities warned Nigeria’s leadership against shutting out foreign competitors, President Muhammadu Buhari has lifted the ban on 113 vessels from engaging in crude oil/gas loading activities in any of the terminals within the nation’s territorial waters.

A letter from the Nigerian National Petroleum Corporation (NNPC), dated September 8, 2015 said the President has approved consideration of all incoming ships, subject to a letter guaranteeing that they are free and will not be used for any illegal activity.

According to the NNPC, Buhari has directed a review of activities of all the affected vessels to determine culpability in illegal operations in the Nigerian territorial waters.

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