The Government of Nigeria estimates that it is losing up to $6 Billion a year to oil theft and oil smuggling on the black market
In December 2012, South Korean company Hyundai Heavy Industries reportedly paid $192,100 in ransom to release six workers who had…
In 2012, the average ransom demand by militants in Nigeria for kidnapping hostages was $490,000, based on reported accounts. The average amount of ransom eventually paid to the kidnappers after negotiations was brought down to $50,000.
The Nigerian Ambassador to Mali stated in November 2012 that between 20 to 30 girls from Nigeria are being trafficked to Mali everyday. The Ambassador stated that some of the victims of human trafficking from Nigeria were between the ages of 10 to 15.
A report in October 2012 stated that up to 180,000 barrels of oil was being stolen each day in Nigeria. Based on the price of oil at the time of the report, the country was losing $6 Billion a year to oil theft.
In June 2012, officials with oil companies and the Nigerian Government were reporting that over $1 Billion in oil revenue were being lost to the oil being stolen.
According to the Chairman of a Nigerian publishing company, book piracy activities in the country causes $125 Million (20 Billion Nigerian Naira) in losses to domestic publishing houses each year.
As of May 14, 2012, oil company Royal Dutch Shell reported that it was losing up to 43,000 barrels of oil per day in Nigeria to oil theft activities. The company also reported that over three-fourths of oil spills that occurred in the country last year was the direct result of sabotage to the company’s pipelines.
The United Nations estimates that between 8,000 to 10,000 women from Nigeria are trafficked into the prostitution industry in Italy every year. The Nigerian women are forced to have sex with customers at prices at low as $13 per transaction. In order to quit being a prostitute, women are forced to repay their pimps between $40,000 to $78,000.
Nigeria’s Minister of Youth Development stated in January 2012 that there were up to 1,000 Nigerian minors serving jail time in China for drug trafficking crimes.