(July 29, 2002) The G8, IMF and World Bank are the source of African countries’problems, Women for Change (WFC) executive director Emily Sikazwe has charged.
Government engages forensic auditors to probe ZNOC’s US $100m loan
(July 27, 2002) The government has engaged forensic auditors to establish the position on the Zambia National Oil Company (ZNOC) US$100 million loan and the sale of ZCCM non-core assets, Parliament heard yesterday.
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.
PPA the bitter fruit, BNPP the rotten root
(July 22, 2002) Like the shell of a hermit crab, long abandoned by the hermit, the Bataan Nuclear Power Plant, sits, as though waiting for an explanation, or to give one. Perhaps it is waiting to know its raison d’étre, the reason for its own existence.
The Canadian challenge
(July 19, 2002) Acres International responds to Probe International’s June 27, article, "The Canadian connection." Acres’ says its case highlights the risks Canadian companies face in developing countries, and the need to ensure they receive due process.
Corruption: Good lessons from Zambia
(July 18, 2002) On Tuesday parliament lifted the immunity enjoyed by former president Frederick Chiluba, who now faces possible prosecution for corruption.
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.
IMF: Government releases monitoring benchmarks
(July 17, 2002) The Federal Government yesterday in Abuja released the elements of the home-gown economic programme to be monitored by the International Monetary Fund (IMF).
Government fiscal operations in N221.1bn deficit
(July 17, 2002) Public debt stand at N4.193 trillion, external debt $28.4bn.
Government blacklists bank over EU funds
(July 17, 2002) Irked by the financial pranks of one of the banks which was entrusted with the safe keeping of the 20 million Euros, the Federal Government has announced the blacklisting of the unnamed bank from further receiving any Euro funds on its behalf.
Financial crimes: CBN threatens to sanction banks
(July 17, 2002) Against the backdrop of money laundering, forgeries, advance fee fraud and other financial crimes, the Central Bank of Nigeria has threatened to sanction any Nigerian bank that is used to transact such fraudulent transactions.
Supreme Court issues warrant for Abacha’s release – Swiss regulator blames UBS over loot
(July 16, 2002) An Abuja High Court yesterday adjourned the case againstMohammed Abacha to July 29 while the Swiss authorities reprimanded yesterday the country’s largest bank, UBS, on account of the discovery of $60 million in an account linked to the Abachas.
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