Doubts and Due Diligence

The new rules governing private maritime security services in Nigeria require the shipping and offshore industries to conduct their due diligence with far greater care

Doubts and Due Diligence

The past few weeks have witnessed the announcement and introduction of new rules governing the supply of private maritime security services in Nigeria. These changes call for the shipping and offshore industries to conduct their due diligence very carefully.

On April 25 the Maritime Security Review published Heavy Regulation Ahead, an article anticipating how the provision of maritime security services in Nigeria was soon to be turned on its head and how this would lead to some companies having to cease their activities in Nigeria.

This was followed up on May 7 by Game Changer, an article on how the changes anticipated in Heavy Regulation Ahead  had effectively forced a number of security providers to suspend their operations in Nigeria.

Given the considerable amount of interest that both articles raised, and the necessity to properly understand legislation governing the private maritime security sector’s activities in Nigeria, the Maritime Security Review will be publishing an article at the beginning of next week focused on exactly which considerations and due diligence the shipping and offshore industries need to make before entering into a contractual relationship with a maritime security provider in Nigeria.

Watch this space!

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