Sea piracy undermines investment

Piracy and armed robbery undermined investment in the offshore oil sector

Sea piracy undermines investment in offshore oil sector – Lawyer

Dr Morakinyo Adedayo, a Maritime Lawyer, on Thursday said sea piracy and armed robbery undermined investment in the offshore oil sector of the country.

Adedayo said this in Abuja at the ongoing 13th Maritime Seminar for Judges in Abuja, organised by the Nigerian Shippers’ Council and National Judicial Institute.

“This country constitutes the regional power and makes significant contribution to UN peacekeeping operations regionally and internationally.

“Yet piracy or armed robbery at sea makes fishing as well as transportation through the Gulf of Guinea highly risky and this undermines investment in the sector,’’ he said.

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Source: dailyindependentnig.com

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