Oil theft and Nigeria’s self-imposed poverty

Jerry Uwah

Nigeria is wallowing in self-imposed poverty.  The situation would remain so for a pretty long time because no one in federal government has the political will power to confront the elements of backwardness in the land. Agriculture has remained in the hands of millions of peasant farmers who eke out a living through subsistent farming with primitive implements. Nigeria cannot feed its teeming population.

Nigeria is practically broke, but the federal government insists that what it is battling is sporadic cash flow problems rather than absolute cash crunch.

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Source: blueprint.ng

NEITI: Nigeria lost $42bn to oil theft in 10 years

By

The Nigeria Extractive Industries Transparency Initiative (NEITI) has raised the alarm that in the last 10 years, crude oil and refined products worth the sum of $42 billion were stolen from the country.

This was contained in a Policy Brief titled ‘Stemming the Increasing Cost of Oil Theft to Nigeria’ released and made available to newsmen by NEITI’s Director, Communications and Advocacy, Dr. Orji Ogbonnaya Orji yesterday in Abuja.

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Source: newtelegraphng.com

West Africa: the center of maritime piracy, armed robbery and kidnap

Jim Wilson

Nearly all maritime kidnappings and hostage-takings in the nine months to the end of September this year took place in or near the Gulf of Guinea, said global maritime piracy watchdog the International Maritime Bureau (IMB).

New data from the IMB shows that worldwide there have been 70 actual kidnappings of seafarers and 49 hostage-takings year to date. The West African country of Guinea alone saw 23 hostage-takings, Nigeria a further 12 and the West African country of Togo an additional seven. Cameroon and Nigeria were hot spots for kidnapping, too.

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Source: freightwaves.com

 

Security expert seeks collaboration among littoral states

Former President, Maritime Security Providers Association of Nigeria (MASPAN), Captain George Alily (rtd), has called for increased collaboration in information sharing among littoral states in the country to support the maritime security architecture being put in place by the government to secure the nation’s waterways against pirates’ attacks.

Speaking against the backdrop of the latest global piracy report released by the International Maritime Bureau (IMB) for the third quarter of 2019, which showed a reduction in cases of pirates attack in the country, Alily said the development is an indication that the Government was stepping up its efforts at improving maritime security.

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Source: shipsandports.com.ng

 

NSCDC arrests 23 suspected oil thieves in Rivers

Chukwudi Akasike

The Rivers State Command of the Nigeria Security and Civil Defence Corps has arrested 23 suspected oil thieves and seized a vessel and 20 vehicles used in conveying stolen petroleum products.

The suspects, according to the state NSCDC Commandant, Mr Muktar Lawal, were apprehended in various parts of the state.

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Source: punchng.com

 

Damage done by Nigeria’s oil pirates

Parts of the once-thriving ecosystem in Nigeria’s oil-rich delta have been transformed into an ecological dead zone because of oil bunkering – the practice of siphoning oil from pipelines.

Oil pirates puncture holes in pipelines, steal the crude oil, and then transport it to be sold on the black market or to be refined.

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Source: straitstimes.com

Nigeria, Others Lose $2bn to Pirates’ Attacks Annually, Says Naval Chief

By Eromosele Abiodun

The Chief of Naval Staff, Rear Admiral Ibok Ekwe Ibas, has revealed that Nigeria and 15 other countries in the Gulf of Guinea are currently losing a sum of $2 billion to pirate attacks annually.

The Naval Chief’s revelation was coming two months after Nigeria was rated as number one in pirate attacks in the Gulf of Guinea in a report by the International Maritime Bureau (IMB). Ibas also confirmed THISDAY’s exclusive report that Nigeria loses several millions of dollars to illegal fishing and poaching on the nation’s coastal and territorial waters.

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Source: allafrica.com