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Especially, on the coastal waters in Nigeria, acts of depredation against ships and fixed oil installations have been taking place, consequently resulting in “far greater financial losses and a far wider economic impact than anything seen so far anywhere in the world.”. [7]
Piracy network in Nigeria refers to the organisation of actors involved in the sophisticated, complex piracy activities: piracy kidnappings and petro-piracy. The most organised piracy activities in the Gulf of Guinea takes place in the Niger Delta region of Nigeria.
Moreover, the blue crimes negatively affect the economies of the littoral states: [28] Pipeline vandalism negatively impacts Nigeria's GDP and foreign exchange earnings. Piracy and armed robbery can lead to ships avoiding Nigerian waters threatening the fishery sector and job opportunities. [34]
Between January 2011 and the 3rd quarter of 2017, the Commission conducted a total of 600 anti-piracy surveillances, carried out 327 anti-piracy operations, arrested 711 suspects and seized 9,306,316 copies of pirated works, which is valued at N9,509,467,010.00.
Media Piracy in Emerging Economies is a report released by the Social Science Research Council in 2011. It contends that “high prices for media goods, low incomes, and cheap digital technologies are the main ingredients of global media piracy. If piracy is ubiquitous in most parts of the world, it is because these conditions are ubiquitous ...
Petrol piracy also sometimes called oil piracy or petro-piracy, is an act of piracy that specifically involves petroleum resources, or their transportation, consumption, and regulation. It should not be confused with the term oil war , as although both involve petroleum , petrol piracy always involves at least one of the aggressors being ship ...
Piracy in Nigeria; This page was last edited on 25 August 2015, at 01:26 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 License ...
The economic cost of piracy in the Gulf of Guinea, encompassing stolen goods, security measures, and insurance expenses, has been estimated at approximately $2 billion. [ 9 ] According to the Control Risks Group , pirate attacks in the Gulf of Guinea had maintained a steady rate of around 100 attempted hijackings by mid-November 2013, ranking ...