Nigeria’s marsec agency makes bold claim

Just what Nigeria needs: another security agency to muddy waters.

Nigeria to earn N3trn annually from Maritime Security Agency — DG

By Michael Eboh

ABUJA — THE Director- General of the proposed Maritime Security Agency, Mr. Jacob Ovweghre, weekend, lamented the huge amount the country is losing daily to pipeline vandalism and crude oil theft, stating that the passage of its bill currently before the National Assembly would help boost Nigeria’s revenue by N3.1 trillion annually.

Ovweghre, who addressed newsmen in Abuja, further said once it gets the necessary legal backing, issues of pipeline vandalism and fuel scarcity would reduce drastically,  while fuel price might drop sharply, as it would deploy all its personnel to oil installations across the country to safeguard the assets from acts of sabotage.

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