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UK Urges FG to Strengthen Economy By Checking Oil Theft

 
July 14th 2014
The UK Chamber of Shipping has urged the Federal Government to strengthen its fight against oil theft, to enhance the national economy.

The chamber, in its website on Friday, said that the country loses about N2 trillion a year to oil theft due to poor security on its coast.

The Report signed by Mr Guy Platten, Chief Executive of the chamber, said that over the past 10 years, 45 seafarers had been killed and 459 held hostage in the Gulf of Guinea region.

The Report said that lack of security of the coast of Nigeria was threatening its seafarers.

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Source: allafrica.com