NIGERIA AND OTHERS IN GULF OF GUINEA LOSE $2 BILLION TO PIRATES’ ATTACKS ANNUALLY AND $600 MILLION TO ILLEGAL FISHING

On 1st October, Hellenic Shipping News reported claims by the Nigerian Chief of Naval Staff that Nigeria and 15 other countries in the Gulf of Guinea are currently losing $2 billion to pirate attacks annually – as Nigeria was rated as number 1 in pirate attacks in the Gulf of Guinea in a report by the International Maritime Bureau (IMB).  It has also been recently reported that Nigeria was losing $600 million annually to illegal and unreported (IUU) fishing by foreign vessels as a result of lack of equipment such as Automatic Identification System (AIS) and Vessel Monitoring System (VMS), and adequate manpower to police the country’s vast coastline – while it also spends $800 million a year on fish importation, being the 4th largest importer of fish in the world.

https://www.hellenicshippingnews.com/nigeria-others-lose-2bn-to-pirates-attacks-annually-says-naval-chief/

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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