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Anti-piracy security experts have said the unending attacks in the Gulf of Guinea (GoG) are a political business sponsored by high network personalities, leveraging on the unemployment rate of trained youths.
States in the Gulf of Guinea (GoG) have lost billions of dollars to piracy, robbery and other criminal maritime activities, according to the Ports Facility Security Officers
The Managing Director, SBG Insurance Brokers Limited, Lagos, Mr. Sammy Dalmeida, has lamented that insurance penetration in Nigeria is among the worst in Africa, calling on insurers to stir Nigerians' interest in embracing the sector. He said, "The growth of the market for insurance in Nigeria has been relatively limited.