(May 22, 2003) President Olusegun Obasanjo’s position that dubious foreign debts owed by Nigeria and other African or Third World countries should be cancelled has been commended by the African Network for Environmental and Economic Justice (ANEEJ).
Halliburton subsidiary admits bribes
(May 10, 2003) A subsidiary of controversial US oil services giant Halliburton paid a Nigerian tax official $US2.4 million ($A3.75 million) in bribes to get favourable tax treatment, the company has admitted.
Mohammed Abacha to remain in jail
(August 29, 2002) Hopes of an early release for Mohammed Abacha, who was set free last week by the Supreme Court were dashed this morning when an Abuja High Court failed to sit and entertain his application for bail.
Kalu wants government to reschedule states debt
(August 8, 2002) Abia state governor has urged the federal government to reschedule the payment of all the loans owed by state governments in the country in order to reduce the sufferings of the masses.
I will probe frivolous debts – presidential aspirant
(August 7, 2002) What I am saying is that we will look into that case and all other cases which has to do with government officials borrowing monies and making the poor taxpayers of Nigeria responsible for their personal borrowings.
Abacha loot: Government stalls hearing again
(August 1, 2002) The hearing in the case was adjourned yesterday for the third time due to the inability of the attorney general’s office to produce copies of the letters written by the Federal Government to the International Police(INTERPOLs).
Learn from Abachas’ dilemma, ex-naval officer tells leaders
(July 31, 2002) Commodore O.T.I. Alibo, (rtd) has advised Nigerian leaders to learn from the difficulties being experienced by the family of late Head of State, General Sanni Abacha, and be upright.
IMF policies are not good for Nigeria, says ex-Director of Budget and Planning
(July 30, 2002) The policy on open, liberal economy, privatisation of public utilities and devaluation of the local currency prescribed for Nigeria by the International Monetary Fund (IMF) has been identified harmful to the country’s economic development.
Mohammed Abacha sues Federal Govt
(July 30, 2002) In a motion on notice filed at the Abuja High Court by his counsel, Mr.Yunus Usman (SAN), Mohammed is seeking the leave of the court to enforce his fundamental human right.
Naira depreciation lifts debt conversion … as investors offer higher discount
(July 29, 2002) Efforts to reduce the nation’s stock of external debt received a boost last week, as the two participating investors offered an unprecedented discount of 25.5 pence on each dollar of debt instrument purchased.
Nigeria struggles under weight of foreign debt
(July 26, 2002) “From April 1999, I went round the countries in Europe, twice over, I went to Japan, to America, to Canada and got good words . . . but no action at all.”
Government ties Mohammed Abacha’s freedom to $402m deal
(July 26, 2002) The Federal Government is not disposed to releasing, on bail, the detained son of the late Gen. Sani Abacha, Mohammed, until he pays $402 million into its coffers.
Mohammed Abacha granted bail
(July 25, 2002) An Abuja High Court yesterday granted bail to son of late Head of State, Gen. Sani Abacha, in the case of theft and receiving stolen property.
Union leader says privatization being ‘manipulated’ by World Bank, IMF
(July 22, 2002) Nigeria Labour Congress (NLC) has said the ongoing privatization programme is increasingly unfolding a different President Olusegun Obasanjo from the nationalist Obasanjo they knew before he became president.
419: CBN goes tough on banks as IMF blacklists Abuja
(July 18, 2002) The Central Bank (CBN) has read the riot act to banks on the transfer of ill-gotten money from abroad, and warned that they (banks) would be made to pay any money transferred through them by advance fee fraudster, better known as 419.


