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.
To continue reading, please click here.
Source: https://www.thisdaylive.com/

Share this article

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

More articles from MAST...

Get in touch

Main Office: +44 (0) 1279 216726

Risk Consulting
Email: Riskconsulting@mast-security.co.uk
Call: +44 (0) 1279 874 528

Physical and Asset Security
Email: Protection@mast-security.com
Call: +44 (0) 1279 874 529

Security Systems
Email: Technology@mast-security.com
Call: +44 (0) 1279 874 521

Maritime Security
Email: Operations@mast-security.co.uk
Duty Manager: +44 (0) 7827 359132
24/7 Emergency Telephone+44 (0) 1202 045 833

Skip to content