Lagos - Lack of security off the coast of Nigeria is threatening the UK economy, according to a UK Chamber of Shipping study..
The study reveals that maritime crime in the Gulf of Guinea exposes almost all of UK's £6.3bn ($10.7bn) annual trade with the region to risks, reports Leadership.
The report also shows that ships in the region are attacked at least once per week, with a significant proportion of the attacks unreported.
The report noted that lack of security is costing Nigeria £7.2bn a year in oil theft alone.
Read more at Leadership.
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