A STUDY OF MARITIME FRAUD 

Abstract:

This study examined maritime fraud and its effects on world seaborne trade. The Nigeria port authority is in charge of seaport and other marine elements in Nigeria and responsible for the regulations of shipping and other international trade in the country. This study adopted a doctrinal method. That is, library oriented using a qualitative research design. The internet was also consulted. Materials consulted are statute books, international treaties, textbooks, journals and articles on the subject matter under consideration. Primary source of data involved the use of questionnaire. The Questionnaire was administered to 105 stakeholders, whose responses were used to determine the expected findings. OR the purpose of this research, the population was defined as 105 stakeholders in the maritime cabotage industry in Nigeria. Out of the 105 questionnaires administered, only 54 were completed and returned. So, in all, therefore, 54 persons formed the study sample of which 24 are senior officials of various shipping companies, while the remaining 30 are senior staff of NPA, NMA, etc. Tables have been used for presentation of data and percentages to determine results from the data presented in tables. The Nigerian Maritime Transportation System comprises seas and inland waterways and associated infrastructure (e.g. dams, aids to navigation etc.), which is linked to a network of international ocean trade routes. From the analysis made, it was rediscovered that the introduction of the Nigerian Maritime Cabotage law will help curb maritime fraud especially on national waters, the Nigerian entrepreneur lives to benefit from the various business opportunities opened by the Cabotage industry. It was also discovered that most stakeholders who are active participants in the Cabotage regime are fully aware of the Cabotage Laws and the benefits accruable to the participants. The study concluded that defective and distasteful as Cabotage regime might appear to others, the NMA and other stakeholders still have the statutory duty to assist the maritime development of Nigeria. . Read more at: https://www.grossarchive.com/project/5855/a-study-of-maritime-frauds-and-its-effects-on-world-seaborne-trade