A consultant to the Nigeria Natural Resource Charter (NNRC), Mr. Niyi Awodeyi, has disclosed that about N995.2 billion is lost annually due to crude oil theft. Awodeyi, which said the amount was discovered in a recent findings, also estimated that N3.8trillion was lost in 2016.
Awodeyi, who also quoted a World Bank report stated that 80 per cent of crude oil revenue in Nigeria was in possession of just one percent of the country’s population, stated that the award of security contracts, “gave the actors access to the pipelines”, with surprise increase in crude oil theft.
I entered the maritime security world in 2009, becoming Intelligence Officer for Neptune Maritime Security (now the NeptuneP2P Group). In 2012, became piracy editor for SomaliaReport.com and in 2013 became editor of MarsecReview.com and intelligence consultant for CSO Alliance, which I left in 2019. I currently work with another UK maritime security firm as a consultant and have an interest in a cyber security concern in the UK. Need a maritime security report, article or advice on maritime cyber security? contact me at: marsecnews@gmail.com
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