Oil smuggling and theft in Nigeria creates losses of up to $1.5 Billion a year.
Oil smuggling and theft leads to the annual loss of up to 55 million barrels of oil in Nigeria. The act of stealing and smuggling oil and selling it on the black market is a process known as “bunkering”.
Movie piracy causes Nigeria’s movie industry to lose up to 50 percent of its profits.
Human trafficking victims in Spain were servicing up to 30 men a day in order to repay a $68,000 debt to the human traffickers. The Nigerian women were forced to work in prostitution through the use of Voodoo curses.
In 2008, 300 people were kidnapped for ranson in Nigeriaby guerrillas fighting oil companies in the region. Over 1,000 people were killed and over $20.7 billion in revenue to the oil companies was lost due to the hostilities.
300,000 children in Nigeria are victims of human trafficking as the are either given or sold by their parents to wealthier families in the country. The US State Department finds that many are forced to labor under difficult conditions and experience sexual abuse.
In 2007, up to 100,000 barrels of oil was sold everyday by oil smugglers in Nigeria.