(July 31, 2002) The International Monetary Fund (IMF) says the Zimbabwean government was making efforts to resuscitate the economy before it announced the 2002 supplementary budget last week.
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.
Be open, Bujagali opponents advised
(July 29, 2002) Opponents of the Bujagali Hydropower project have been advised to stop running overseas in an attempt to block the project.
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.
G8, IMF, World Bank are the source of problems
(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.
Anti-corruption campaign and abuse of judicial process
(July 29, 2002) Determined to set an example in his anti-corruption crusade, President Obasanjo instructed that Julius Makanjuola and four other senior officials, who allegedly embezzled over 400 million naira, be apprehended and charged in court.
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.
New disclosures on Chalillo point to grave duplicity
(January 27, 2002) An announcement this week from the Canadian consulting firm AMEC states that AMEC has not signed a contract and does not intend to bid on the design contract for the proposed Chalillo Dam in Belize.
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.
Fight over dam goes to Belize’s highest court
(July 26, 2002) A bitter fight between the Belize government and activists over a proposed dam has landed in the country’s highest court, with opponents accusing politicians of ignoring an environmental report in a bid to push the project through in secrecy.
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.
Chiluba offered a deal
(July 23, 2002) Parliament lifted Mr. Chiluba’s immunity from prosecution last week after Mr. Mwanawasa stunned legislators by accusing his predecessor of corruption and abuse of office.
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.
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