Naija News understands that the acting chairman of the anti-graft agency, the penalties are particularly targeted at illegal oil thefts in the South-South region of the country.
EFCC spokesman, Tony Orilade, in a statement on Wednesday, quoted Magu to have said this when he visited the Commander, Nigeria Navy Ship Pathfinder (NNS Pathfinder) Cmdr. S. Bura in Port Harcourt.
Orilade in the statement where he revealed that Magu was represented by the Port Harcourt’s Zonal Head of the commission, Abdulrasheed Bawa, said the South-South remains the cash cow of Nigeria and tackling oil theft is not only a matter of law enforcement but a patriotic duty.
“Seventy to 80 per cent of our national revenue comes from the oil sector.
“It is important that the menace of crude oil theft and illegal dealing in petroleum products is tackled frontally.
“We need more of your cooperation to achieve this,’’ he said.
Speaking earlier during the visit, Bura stressed that the Navy was always ready to offer its best services in the interest of the nation.
“We are stakeholders. Nigeria belongs to all of us and as a Service, we have zero tolerance for illegality.
“We do not compromise. I am personally allergic to indiscipline; and so you can be sure that we will always do what we should to tackle oil theft.’’