Oil smuggling and theft in Nigeria creates losses of up to $1.5 Billion a year.
Nigeria Security Threats
Data and information about security threats from Nigeria’s black market. Intelligence and security information collected from government agencies, news articles and other public data sources.
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.
In 2009, police discovered human trafficking victims in Spain who were forced to work as prostitutes. While working at the brothels, the women from Nigeria were forced to service up to 30 men a day in order to repay a $68,000 debt levied upon her by the human traffickers.
The Nigerian women were being held due to their belief that a Voodoo curse was placed upon them by the traffickers.
(Latest human trafficking statistics.)
3,000 people were kidnapped and held hostage guerrillas fighting oil companies in Nigeria in 2008. Over 1,000 people were killed and over $20.7 Billion in oil revenue 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.
(Value of the world black market.)
