Oil Theft and Maritime Insecurity

The National Assembly should strengthen the laws relating to oil theft and maritime insecurity
At a period when oil theft and maritime insecurity have become issues of global concern, statistics revealed that rather than the problem abating, they are actually increasing in Nigeria. According to a recent statement by the Speaker of the House of Representatives, Hon. Yakubu Dogara, Nigeria is losing about N7tn annually to maritime insecurity and other revenue leakages arising from oil theft. Dogara noted further that to arrest leakages and insecurity, the country must strengthen its maritime sector by addressing the issues of lack of capacity and weak laws.
Dogara’s statement was sequel to the Court of Appeal’s judgment upholding a Federal High Court sentencing of nine foreigners – five Filipinos and four Bangladeshi – of stealing Nigeria’s oil to five years each in prison.
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Source: https://www.thisdaylive.com/