(March 9, 2005) President Olusegun Obasanjo yesterday voiced his frustrations in his efforts to get debt relief for Nigeria over the past five years even as he supports a resolution calling for a stop to further payment of foreign debts.
(March 9, 2005) Nigeria’s debt burden remains stubbornly high.
(March 9, 2005) Nigeria’s parliament has passed a nonbinding resolution demanding the country, Africa’s most-indebted nation, stop repaying its US$35 billion foreign debt.
(February 27, 2005) Nigeria’s crusade against corruption got a rude shock when Transparency International accused the country of being on the lead of African nations allegedly slowing down the fight against corruption in the continent.
(February 3, 2005) Britain said yesterday that over £1.5 billion (about N315.53 billion) of Nigeria’s looted funds are frozen in various British banks.
(October 24, 2004) The recently released Transparency International report, which ranked Nigeria the world’s third most corrupt nation, will make it difficult for the country to secure debt relief from creditors, Nigeria’s Debt Management Office has said.
(October 21, 2004) Nigeria has strongly criticised a survey which ranks it as the most corrupt country in Africa saying it is “fundamentally flawed”.
(October 21, 2004) The Nigerian government on Thursday refuted Transparency International’s (TI) annual report, describing it as “fundamentally flawed, irrelevant and of little use to reforming countries or those interested in a genuine war against corruption.”
(September 22, 2004) After verifications, the Swiss government has agreed to release to Nigeria about N66.5 billion ($500 million) looted from Nigeria by the government of the late Gen. Sani Abacha.
(September 16, 2004) President Olusegun Obasanjo yesterday chided on the United States government over what he described as the country’s discriminatory policy on granting debt relief to debtor countries which favour even richer countries.
(April 8, 2004) While government has put some people on trial over corruption charges, the real big men and women with proven cases of corruption still walk the Nigerian streets enjoying their freedom and their loots.
(March 24, 2004) This month, the World Bank formally reopened a corruption investigation against a leading Canadian engineering company convicted in the high court of Lesotho over multibillion-dollar bribery charges.
(November 20, 2003) The entire process of debt renegotiation and rescheduling may be fraught with shady dealings. Nigerians need to know exactly the status of both the domestic and external debt profile and strategy for tackling it.
(September 1, 2003) Overwhelmed by complaints of failed water projects due to official corruption, the African Development Bank (ADB) has announced the cancellation of 80 per cent of its projects in the country.
(July 23, 2003) If Nigeria could recover all the money "looted by past government officials," it would substantially reduce the country’s foreign debt, says Dr. Ndubisis Nwokoma, a professor of economics at the University of Lagos (UNILAG).