Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Nigeria lost $2.8 billion to ‘oil-related crimes’ in 2018 – UN

    Nigeria lost $2.8 billion to ‘oil-related crimes’ in 2018 – UN

    January 8, 2019
    Share
    Facebook Twitter LinkedIn WhatsApp
    *MV Sea Express laden with some 2,500 tons of crude impounded by personnel of the Joint Task Force in the Niger Delta, Operation Pulo Shield at Okuboto Creek in Bayelsa State.

    08 January 2019, Sweetcrude, Lagos — The United Nations says Nigeria lost an estimated 2.8 billion dollars in revenues in 2018, mainly due to oil-related crimes.

    This is according to a new ‘Report by the Secretary-General on the activities of the United Nations Office for West Africa and the Sahel (UNOWAS)’ on Monday in New York.

    The report, which covered from July 1, 2018, to December 31, 2018, said “Maritime crime and piracy off the coast of West Africa continued to pose a threat to peace, security, and development in the region.

    “Oil-related crimes resulted in the loss of nearly 2.8 billion dollars in revenues last year in Nigeria, according to government figures.

    “Between January 1 and November 23, there were 82 reported incidents of maritime crime and piracy in the Gulf of Guinea.”

    The report also noted that compared to the situation reflected in the previous report, there was an increase in drug trafficking throughout West Africa and the Sahel.

    “In Benin, the Gambia and Nigeria, more than 50 kilogrammes of cocaine were seized between July and October by joint airport interdiction task forces.

    “During the same period, joint airport interdiction task forces seized more than six kilogrammes of methamphetamines, eight kilogramme of heroin (double the amount in the first half of 2018) and 2.6 tonnes of cannabis.

    “Drug production across the region was also reportedly on the rise, with more than 100 kilogrammes of ephedrine and phenacetin seized by competent authorities,’’ the report said.

    During the reporting period, it said that conflicts between farmers and herders resulted in the loss of lives, destruction of livelihoods and property, population displacements and human rights violations and abuses.

    The report said outbreaks of violence were recorded in many states across Nigeria, although with more frequency in the Middle Belt region, as well as Adamawa and Taraba.

    It said the spike in conflict between farmers and herders was closely linked with demographic pressures, desertification and the attendant loss of grazing reserves and transhumance routes, which had been exacerbated by climate change.

    Others were challenges in the implementation of effective land management and climate change adaptation policies, and limited enforcement of existing pastoral laws.

    Political and economic interests, the erosion of traditional conflict resolution mechanisms, and weapons proliferation were other factors attributed to the increased cases of herders-farmers conflict.

    *NAN

    Related News

    Oando confirms four oil spills, fixes ruptured pipelines in Bayelsa

    “Serve selflessly to impact communities” – Ibas charges Corps Members

    Norway’s Castberg oilfield remains temporarily halted – Equinor

    E-book
    Resilience Exhibition

    Latest News

    Nigeria courts global capital, showcases AfCFTA advantage

    May 13, 2025

    Oando confirms four oil spills, fixes ruptured pipelines in Bayelsa

    May 13, 2025

    “Serve selflessly to impact communities” – Ibas charges Corps Members

    May 13, 2025

    NIMASA confirms single digit interest rate on CVFF disbursement

    May 13, 2025

    Edun recommits to private sector led growth for Nigeria

    May 13, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.