Abuja - Senator David Mark has urged the Federal Government to impose the death penalty on illegal oil trade.
Mark, the Nigeria Senate President, said this would curb the prevalence of such illicit trade, which was robbing government of substantial revenues annually.
“I still maintain my earlier stance that oil theft should attract capital punishment. We must address it squarely," he said in Abuya during an address while welcoming lawmakers from a two week recess.
Mark's sentiments follows rampant oil theft in the country.
It is estimated that Nigeria loses $6 billion annual to oil theft.
Presently, illegal oil traders face varied jail terms.
Meanwhile, Mark urged government to devise means of addressing the challenges confronting the nation, particularly in the areas of the economy and security.
“We must do everything possible to address the social and economic needs of our people with determination and sincerity of purpose, honesty and transparency,” he said.
- CAJ News