UN reports Nigeria lost $2.8bn to oil related crimes

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The United Nations (UN) reported Nigeria lost an estimated $2.8 billion in revenues in 2018, predominantly 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’ 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.

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