Its our pleasure to invite you to attend the Illegal Oil Bunkering Summit,
at the institute of petroleum studies, Federal University of Port-Harcourt
Date: 13th-14th March, 2023
The Summit will be focusing on everything Illegal bunker and its adverse effects on the economy; from
outlooks, regulation deep dives, analysis of the effects of energy transition and what options we have in
regulating and monitoring vessels movements.
Cross border crimes represent illegal and notorious activities carried out by individuals and groups
across national and international borders, either for financial, socio-political or religious considerations.
These include human trafficking, money laundering, drug trafficking, arms smuggling, illegal oil
bunkering, and illicit trafficking of mineral resources, business fraud, to mention but these notable few.
Nigerian crude oil is being stolen on an industrial scale. Some of what is stolen is exported. Proceeds are
laundered through world financial centres and used to buy assets in and outside Nigeria. In Nigeria,
politicians, military officers, militants, oil industry personnel, oil traders and communities profit, as do
organized criminal groups. The trade also supports other transnational organized crime in the Gulf of
Guinea. This summit will explore the international dimensions of Nigerian crude oil theft. It also tackles
the thorny question of what the international community could – and should – do about it.
From our checks, Nigeria offers a strong enabling environment for the large-scale trans-border economic
crimes. Theft of crude oil, Corruption and fraud are rampant in the country’s oil sector. A dynamic,
overcrowded political economy drives competition for looted resources. Poor governance has encouraged
violent opportunism around oil and opened doors for organized crime. Because Nigeria is the world’s
13th largest oil producer – exports often topped two million barrels per day in 2012 – high rents are up for
grabs. The basic story of how Nigeria’s crude goes missing has been told for years. To steal oil, thieves tap
into pipelines and other infrastructure in the Niger Delta. They then pump the oil onto waiting barges and
boats. Some of it is refined locally while larger vessels carry the rest abroad.
The upcoming Trans-Border Illegal Oil Bunkering Summit will address these issues and find lasting
solution to the age-long national economic sabotage.