Business
Nigeria Loses $3bn Annually To Piracy
The spate of piracy and armed robbery in Nigeria’s territorial waters is causing concerns for the economy given the frequency and sophisticated methodology used by these marauders; the attendant loss of lives, properties and stigma within the shipping community. Consequently, the Nigerian government through the Nigerian Maritime Administration and Safety Agency (NIMASA), is putting together a robust frame work to tackle this hydra-headed monster.
This is the outcome of a recent stakeholders conference on a draft priacy bill in Lagos.
Available statistics show that more than $3 billion dollars are lost annually to piracy and armed robbery in the global waters while, not less than 300 vessels are lost annually to piracy and armed robbery at sea.
Given the limitations of existing legal instruments, the need to enact a more robust legislation has become imperative. The draft bill according to NIMASA, will not only incorporate the provisions of treaties signed into by Nigeria but also domesticated protocols yet to be acceded to but which are considered important to fully entrenching an enduring legal frame work.
The one day stakeholders conference on the draft piracy bill was well attended by the who is who in the legal as well as shipping community in Nigeria. It was chaired by a legal luminary in the person of Hon, Justice E.O Sanyaolu (rtd), The Hon Minister of Transport ably represented by Mrs Chy Prezi declared the event open, while the Nigerian Navy and NSA were not also missing in the crowd as they were represented by Captain Ibrahim Majidadi Chonopo and Mr Njoku Leo Erasmus.
The participants noted that there is no available legislation on piracy and armed robbery at sea in Nigeria. The laws in Nigeria falls short of what is legally required to prosecute an offender. Hence, prosecuting those who run against the law when caught becomes almost impossbile, the conference noted it also called for a legal frame work to domesticate treaties on piracy and armed robbery at sea.
Critiquing the bill participants applauded NIMASA for taking the bull by the horn as Nigeria has been ranked alongside Somali, as having some of the most frequent piracy and armed robbery attacks at the high seas.
According to sources, the draft bill which relies on the various treaties of the international maritime organization (IMO) ratified by Nigeria is expected to provide a regulatory framework for defining piracy and criminality at sea, prosecuting and punishing criminals.
Presenting the bill Legal consultant to NIMASA on the matter Mike Igbokwe (SAN), explained that there were no laws for successful prosecution of piracy incidences in the country.
Nkpemenyie Mcdominic, Lagos