Spread the love

THE STUDY OF MARITIME FRAUD AND ITS EFFECT ON NIGERIA SEABORNE TRADE

| Format: Ms Word | 1-5 Chapters | Table of Content|

 INSTANT PROJECT MATERIAL DOWNLOAD

Study Level: BTech, BSc, BEng, BA, HND, ND or NCE

Amount: ₦3,000.00

Account Details

 

NIMASA's new high-tech Ship Registry certificates to stem fraud - Businessday NG

 

Abstract

This study was on the study of maritime fraud and its effect on Nigeria seaborne trade. The total population for the study is 200 staff of Apapa port, Lagos state. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for this study. A total of 133 respondents made up human resource managers, radio officers, senior staff and junior staff was used for the study. The data collected were presented in tables and analyzed using simple percentages and frequencies

 

 

                                      TABLE OF CONTENTS

CHAPTER ONE: INTRODUCTION

1.1        Background of the study

1.2        Statement of problem

1.3        Objective of the study

1.4        Research Hypotheses

1.5        Significance of the study

1.6        Scope and limitation of the study

1.7       Definition of terms

1.8       Organization of the study

CHAPTER TWO

2.0   LITERATURE REVIEW

CHAPTER THREE

3.0        Research methodology

3.1    sources of data collection

3.3        Population of the study

3.4        Sampling and sampling distribution

3.5        Validation of research instrument

3.6        Method of data analysis

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS AND INTERPRETATION

4.1 Introductions

4.2 Data analysis

CHAPTER FIVE

5.1 Introduction

5.2 Summary

5.3 Conclusion

5.4 Recommendation

Appendix

  Preventing Fraud Associated with the Freight Forwarding Industry - Service Objects Blog

Chapter one

Introduction

1.1 Background of the study

Despite the efforts of the government of Nigeria in fighting corruption in all sector, several unwholesome activities are still going on in the maritime sector most importantly by the shipping agencies and terminal operators, under the watchful eyes of government agencies, conniving to slam fictitious charges on importers and agents in what has been described in the maritime domain as a ceaseless economic rape. The product of this organized graft, which often runs into several billions of naira annually has continued to swell the volume of the capital flight the country suffers yearly. Following this scheme, used vehicles, clothing, food items and other goods are now cheaper to buy in Cotonou, Lome and Ghana markets, than when purchased in Nigeria (Thisday, 2015).

The sour side of is anomaly is that importers and clearing agents, in their battle to survive and grow in business, later pass the prohibitive charges to the consumers who now pay far more for the goods than necessary.

Read Also: the study of maritime fraud and its effect on competitiveness of nigerian port

According to previous findings, the terminal operators, shipping lines and shipping agents have taken advantage of the largely unregulated maritime industry in Nigeria to hike charges like demurrage, and container deposit, among others, which are at variance with what obtains in neighboring West African ports. A full analysis of shipping charges conducted in three African countries – Nigeria, Ghana and Benin Republic by a maritime industry medium, “Shipping Position,” shows that port charges in Nigerian remain the highest in the ECOWAS region. Experts have, however, attributed the high charges to the unwholesome practices among shipping companies operating at Nigerian ports. Again while it takes few days to get the container deposit refund in other ports once the empty container is returned, it may take up to three months in Nigeria because the terminal operators allegedly delay receiving it in order to build up demurrage that may eat up the deposit. Other charges not collected in other countries but obtainable in Nigeria include MOWCA levy and stamp duty (Tancott, 2015).

Importers are also perplexed that contrary to what is obtainable in other West African countries’ ports, Nigeria only offers three days free of progressive storage charge while Benin, Ghana and Cote D’Ivoire offer seven days free of progressive storage charges. Maritime experts have argued that the development was threatening the nation’s sea hub status as Cotonou, Lome and Accra ports are snatching cargoes from Nigeria. It is feared that the partial cargo drought often experienced in the country, is attributable to this development as some shipping companies prefer to call at other West African ports where they enjoy huge incentives, especially reduced charges are largely the outcome of such practices (Tancott, 2015). The soaring frequency of smuggling is because some importers may not make profit after paying all charges at the ports.

Other stakeholders like the Nigeria Customs Service (NCS), Nigeria Immigration Service, Quarantine Service, Port Health and the Nigerian Maritime Administration and Safety Agency (NIMASA) who are also part of the import chain also contribute to the delay in carrying out clearing duties and corruption at the nation’s ports. All these have made business very difficult and affected competiveness of the maritime sector in Nigeria.

Apapain Lagos State, Nigeria contains a number of ports and terminals operated by the Nigerian Ports Authority (NPA), including the major port of Lagos State and Lagos Port Complex (LPC). The region of Apapa lies near the mouth of Lagos lagoon, and contains ports and terminals for various commodities such as containers and bulk cargo, houses, offices and a small old disused railway station (Apapa North). It is the site of a major container terminal which was owned and operated by the Federal Government of Nigeria until March 2005, and now is operated by the Danish firm A. P. Moller-Maersk Group (Wikipedia, 2016).

Read Also: THE USE OF ICT IN MARITIME INDUSTRY

1.2   STATEMENT OF THE PROBLEM

Ports play a key role in the Nigeria economy and development, as nearly 75% of the trade between the Nigeria and the rest of the world is handled in ports. Thus, the importance of ensuring efficiency in ports is related to the ability of the country to be competitive at international level. Unfortunately corruption and extortion by the shipping agencies, terminal operators and the government officials has continued to frustrate importers leading to price hike of commodities, encouraged smuggling and the competiveness of Nigerian port as many importing prefer to patronize other ports in the neighboring West African countries. However, the researcher is examining the level of fraud in the maritime sector to ascertain its effect on Nigeria seaborne trade.

1.3   OBJECTIVES OF THE STUDY

The following are the objectives of this study:

  1. To examine the level of maritime fraud in the Nigerian ports.
  2. To examine the effect of maritime fraud on seaborne trade in Nigeria
  3. To identify how the maritime fraud can be combated.

Research hypotheses

HO: There is no significant relationship between maritime fraud and seaborne trade

HA: There is significant relationship between maritime fraud and seaborne trade

Ho:  maritime fraud cannot be combated.

HA:  maritime fraud can be combated.

READ ALSO: maritime entrepreneurship and economic development in nigeria

1.5 SIGNIFICANCE OF THE STUDY

The following are the significance of this study:

The outcome of this study will enlighten the government of Nigeria and the general public on the spate of corruption going on in the maritime sector and how it effects on seaborne trade. It will also educate on approaches to combat the menace of corruption in the maritime sector.

This research will be a contribution to the body of literature in the area of the effect of personality trait on student’s academic performance, thereby constituting the empirical literature for future research in the subject area.

1.6 SCOPE/LIMITATIONS OF THE STUDY

This study will cover the level of fraud being carried out in the Nigerian maritime sector and how it affects the seaborne trade in Nigerian Ports.

LIMITATION OF STUDY

Financial constraint- Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview).

Time constraint- The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work.

1.7 DEFINITION OF RELEVANT TERMS

MARITIME: The maritime industry includes all enterprises engaged in the business of designing, constructing, manufacturing, acquiring, operating, supplying, repairing and/or maintaining vessels, or component parts thereof: of managing and/or operating shipping lines, stevedoring and customs brokerage services, shipyards, dry

FRAUD: In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

 SEABORNE TRADE: transported by ship over the sea. carried on or over the sea: a seaborne fog seaborne cargoes.

 

USE THIS MATERIALS AS A GUIDE FOR YOUR PERSONAL RESEARCH WORK (IF PROPERLY CITED)

PAY ₦3,000 HERE TO DOWNLOAD MATERIALS 

DISCLAIMER

WE ASSIST OUR CLIENTS BY PROVIDING QUALITY RESEARCH MATERIALS FOR ACADEMIC PURPOSES.

THIS MATERIAL IS FOR RESEARCH PURPOSES ONLY AND SHOULD BE USED AS GUIDELINE.

DO NOT COPY THE ABOVE MATERIALS VERBATIM (WORD FOR WORD)