 Thanks for staying with us now in Business News. The House of Representatives Committee on Finance has raised concerns over rising costs of crude oil production amidst low output and reduced revenue to the federal government for over a decade. Chairman of the committee, James Farakay raised the concern in an opening remark at a meeting with the Nigerian National Petroleum Corporation, limited NNPCL, on the impact of crude oil production on government revenue. Honourable Farakay said it was important for Nigerians to understand the impact of production cost on the available revenue accrued to the federal government to execute its program in the national budget. The lawmakers sought to find out the number of vessels arrested so far for illegal bunkering and their current status. The group chief executive officer of NNPCL, Melikeari, while responding, noted that there are several illegal crude oil vessels which were intercepted by security agencies. Keari emphasized the commitment of NNPCL to eradicating corruption from the system and addressing issues like crude oil theft to uphold transparency and ethical standards within the NNPCL. The NNPCL, the NNPCL, said it was important for Nigerians to understand the impact of production on the available revenue accrued to the federal government to execute its program in the national budget. The NNPCL, the NNPCL, said it was important for Nigerians to understand the impact of production on the available revenue accrued to the federal government to execute its program in the national budget. Initially, vessels are arrested. Taking toекстures across the country in many locations, anywere there you have. It's a little Cap止, Mr Chairman, for viewers to hear now. In there are hundreds. In these locations today, Mr Chairman, not just 100 in their hundreds, and you can validate this from the Nigerian Navy. We don't even know what to do with them. And it became very obvious that when these vessels eventually get released through legal process sometimes because sometimes the owners may not be aware that they are vessels and court process can actually release them. You'll find out that these same vessels that were arrested do come back and get re-arrested again. Sir Chairman, at the end, within the government security intervention process who all agreed that the best thing to do is to destroy them. And that is why there are still arrays that are validated but the ultimate objective is to raise those vessels down. There's no other way of doing it, Sir Chairman.