About 260,000 litres of products suspected to be crude oil and 405,000 litres of illegally refined Automotive Gas Oil (AGO) were discovered across the site.
The Nigerian Navy intercepted 130 bags of smuggled foreign parboiled rice during an anti-smuggling operation along the Badagry waterways in Lagos.
Mr Folorunsho said the operations had significantly degraded the capacity of criminal elements.
He said that the suspects intended to go to Europe.
Mr Folorunsho said the operation demonstrated the navy’s renewed momentum in tackling crude oil theft and other maritime crimes.
