(October 24, 2005) Debayani Kar, the communications and advocacy coordinator for Jubilee USA, said the Paris Club write-off “demonstrates the partial success of the Nigerian parliament’s threat to cancel its own debt through repudiation, which helped to force the hand of these creditors”. But, she said, “we don’t think it makes sense to make an impoverished country like Nigeria pay $12 billion when that money should be spent on AIDS, health, and education”.
The long vigil for debt relief
(October 22, 2005) Just before Nigeria’s finance minister left the Paris Club meeting, she said: “I do not wish that any Nigerian or set of Nigerians will ever come here to face this again.”
Britain and Nigeria’s half-hearted war on corruption
(October 21, 2005) Too little attention is being paid to a problem of which the Niger Delta is a prime example: the long-standing network of corrupt relationships between western governments, rich nation businesses and African elites.
Paris Club in Nigeria debt deal
(October 20, 2005) The Paris Club of creditor nations has agreed a debt relief deal with Nigeria worth $18 billion.
Nigeria’s reforms rewarded with $18bn debt relief
(October 20, 2005) Rich Western creditor nations yesterday rewarded determined efforts by Nigeria’s Government to reform its economy and tackle corruption with a write-off of $18 billion of debt.
Nigerian threat to repudiate helps force Paris Club to deliver debt cancellation
(October 20, 2005) “Nigeria’s debt write-off at the Paris Club demonstrates the partial success of the Nigerian parliament’s threat to cancel its own debt through repudiation, which helped to force the hand of these creditors.”
Nigeria debt deal fuels group’s optimism
(October 20, 2005) “Most Nigerian debt was lent to corrupt dictators by irresponsible creditors. These creditors should now recognize their responsibility and fully cancel Nigeria’s debt.” – Otive Igbuzor, ActionAid country director for Nigeria.
U.S. Sen. sees progress in banks anti-corruption fight
(October 20, 2005) International development banks have made progress in fighting corruption in their organizations, the U.S. Senate sponsor of anti-corruption legislation said.
Speakers highlight plight of poor in debt-ridden countries
(October 19, 2005) Wahu Kaara speaks to students about the damage of third-world debt.
Worst corruption offenders named
(October 18, 2005) Corruption leads to much-needed resources leaking overseas.
Fighting fraud and corruption: World Bank fills out its armoury of counter measures
(October 3, 2005) Corruption remains a formidable barrier to development, the recently appointed World Bank President Paul Wolfowitz said in his first address to the annual World Bank and International Monetary Fund meetings in Washington.
Dictator-hunter homes in on ‘Africa’s Pinochet’
(October 3, 2005) A U.S. human rights lawyer who campaigns to bring ex-dictators accused of atrocities to justice has set his sights on snaring a former U.S.-backed ruler of Chad he calls "Africa’s Pinochet."
Loot: Let’s emulate Nigeria
(September 30, 2005) After years of negotiations, Switzerland has finally agreed to repatriate to Nigeria millions of dollars stolen and stashed in its banks by former dictator Sani Abacha.
The phantom of debt relief: a historical dimension
(September 30, 2005) "It is instructive that while African countries were earning huge royalties from the exploration of their mineral resources, their leaders did not stop at looting the treasury with the advice and connivance of their Western mentors and advisers."
Check against misuse of foreign aid
(September 29, 2005) A top economic consultant said it appeared African aid had been insufficiently allocated and in some cases simply looted by irresponsible governments with a consequent legacy of unsustainable odious debt.
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