FG Seeks Lloyds Assistance on Vessel Owners Operating in Nigeria

President Muhammadu Buhari has requested the United Kingdom to help get Lloyd’s of London to divulge the names of the owners of Lloyd’s insured vessels that engage in “illegal practices” in the Nigerian oil industry.
Lloyd’s of London is the world’s specialist insurance market.
Minister of Environment, Hajia Amina Mohammed, who briefed journalists after a Federal Executive Council (FEC) meeting held at the Presidential Villa in Abuja on Wednesday, said the president’s foreign trips had yielded positive results, contrary to claims that his trips had produced nothing.
She explained that it was during one of such trips that Buhari requested the British Prime Minister, Mr. David Cameron, to help with tracing operators of vessels that engage in illegal activities in Nigerian oil industry.
However, the president’s request might be impossible to meet, as Lloyd’s would only provide the federal government with the names of owners of vessels that operate in Nigeria, and not those that operate “illicitly”, as no vessel operator informs its insurer that it is engaged in illicit operations.