Close Menu
Straightnews

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Akwa Ibom Police Command Poised to Strengthen Officers’ Competencies through Advanced Training

    February 4, 2026 --- 7:44 am

    Gospel Singer Ron Kenoly who Visited Akwa Ibom twice is Dead

    February 3, 2026 --- 11:36 pm

    Nigerian Govt Mandates States to Generate and Distribute Electricity

    February 3, 2026 --- 5:07 pm
    Facebook X (Twitter) Instagram
    Trending
    • Akwa Ibom Police Command Poised to Strengthen Officers’ Competencies through Advanced Training
    • Gospel Singer Ron Kenoly who Visited Akwa Ibom twice is Dead
    • Nigerian Govt Mandates States to Generate and Distribute Electricity
    • Court  Denies Facebook User Bail for Alleged Defamatory, Seditious Posts Against Gov Eno 
    • Yinka Yusuf, Akwa Ibom People and the Final Insult 
    • FAAC Shares ₦1.969tr December revenue to FG, states, councils at FAAC meeting
    • Ebonyi Gov Sacks Aides, Dethrones Royal Fathers Over Amasiri/Oso Edda Crisis
    • Octogenarian Statesman seeks a Better, hope-filled Nigeria
    Facebook X (Twitter) Instagram
    Straightnews
    • Home
    • About Us
      • About StraightNews
      • Our Philosophy
      • Editorial Board
    • News
      • Nationwide News
      • Community News
      • Regional News
        • North Central
        • North East
        • North West
        • South East
        • South South
        • South West
    • Nigeria
      • Politics
      • Economy
      • Education
      • Security
      • Energy
      • Agriculture
      • Health
      • Labour
      • Environment
      • Technology
      • Real Estate
      • Transportation
      • Judiciary
      • Electricity
    • Foreign
      • Africa
        • West Africa
        • South Africa
        • North Africa
        • East Africa
      • America
      • Asia
      • Europe
    • Social
      • Photo Gallery
      • Entertainment
      • Events
      • Fashion
      • Fitness
      • Short Stories
      • Lifestyle
      • Relationship
      • Travel
      • Specials
        • Personality Interview
        • Special Reports
        • Profile
    • Articles
      • Editorial
      • Opinion
      • Essay
    • Contact Us
    • Sports
    Straightnews
    Home»Crime»Nigeria Loses $2.8b Revenue To Oil Crimes In 5 Months
    Crime

    Nigeria Loses $2.8b Revenue To Oil Crimes In 5 Months

    straightnewsng.comBy straightnewsng.comJanuary 8, 2019 --- 4:35 pmNo Comments2 Mins Read
    WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    Revenue
    Revenue
    Share
    WhatsApp Facebook Twitter LinkedIn Pinterest Email

    Nigeria lost an estimated $2.8 billion in revenues in 2018, due to oil-related crimes, according to a new ‘Report by the Secretary-General on the activities of the United Nations Office for West Africa and the Sahel (UNOWAS)’ published on Monday in New York.

    The report, which covered 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 in revenues last year in Nigeria.

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

    The report said 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 from July to October by joint airport interdiction task forces.

    “During the same period, joint airport interdiction task forces seized more than six kilogrammes of methamphetamines, eight kilogrammes of heroin (doubling 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 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 trans-human 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)

    Benin Gambia Gulf of Guinea Middle Belt region New York Nigeria Sahel Secretary-General-United Nations Office for West Africa and the Sahel (UNOWAS) Taraba West Africa
    Share. WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    straightnewsng.com
    • Website

    Related Posts

    Octogenarian Statesman seeks a Better, hope-filled Nigeria

    February 2, 2026 --- 9:45 pm

    Police Arrest Suspect, Recover 415 live Cartridges In Commercial Vehicle

    January 30, 2026 --- 3:21 pm

    US-based Professor pleads guilty to $1.4m wire fraud, tax evasion

    January 30, 2026 --- 12:58 am

    Comments are closed.

    Search
    Our Picks
    Don't Miss
    Security

    Akwa Ibom Police Command Poised to Strengthen Officers’ Competencies through Advanced Training

    By straightnewsng.comFebruary 4, 2026 --- 7:44 am0

    Press Release Akwa Ibom Police Command says it is committed to strengthening officers’ competencies through…

    Gospel Singer Ron Kenoly who Visited Akwa Ibom twice is Dead

    February 3, 2026 --- 11:36 pm

    Nigerian Govt Mandates States to Generate and Distribute Electricity

    February 3, 2026 --- 5:07 pm

    Court  Denies Facebook User Bail for Alleged Defamatory, Seditious Posts Against Gov Eno 

    February 3, 2026 --- 2:08 pm

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us
    About Us

    The publication is committed to the principles of development journalism. We are prepared to change the public perception that the profession is a harbinger of hate, blackmail, sycophancy, prejudice and falsehood.

    We pledge to use journalism practice to give voice to the voiceless and to give people of all shades of opinions an opportunity to tell their stories.
    We're accepting new partnerships right now.

    Recent Posts
    • Akwa Ibom Police Command Poised to Strengthen Officers’ Competencies through Advanced Training
    • Gospel Singer Ron Kenoly who Visited Akwa Ibom twice is Dead
    • Nigerian Govt Mandates States to Generate and Distribute Electricity
    • Court  Denies Facebook User Bail for Alleged Defamatory, Seditious Posts Against Gov Eno 
    • Yinka Yusuf, Akwa Ibom People and the Final Insult 
    Facebook X (Twitter) Instagram Pinterest
    • Advertise With Us
    © 2026 Straightnews Wire Limited

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