(October 25, 2005) Today Nigeria reached an agreement with its largest creditors, grouped in what is known as the Paris Club. The debt had built up over many years, following loans given by France, Germany, Japan, the UK and others to a string of Nigerian despots.

(October 25, 2005) The $18 billion debt relief package granted Nigeria by the Paris Club of creditor nations may have suffered a major setback as the majority of Dutch parliamentarians have opposed moves by the club to write-off Nigeria’s debt.

(October 24, 2005) Debt campaigner Jubilee USA claims threat Nigeria’s parliament earlier year halt foreign debt payments helped pressure rich Western creditors negotiate debt write-off deal worth $18 billion.

(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.”

(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.

(October 20, 2005) The Paris Club of creditor nations has agreed a debt relief deal with Nigeria worth $18 billion.

(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.

(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.”

(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.