“In accordance with the policy on repayment of national assets taken illegally, Switzerland has agreed with Nigeria and the World Bank to return nearly US$321 million for the benefit of the Nigerian people,” the Swiss government said in a statement.
Browsing: Switzerland
06 November 2017, Zurich/Khobar, Saudi Arabia — Swiss engineering conglomerate ABB is putting its turnkey projects arm for the oil…
Malami said the approval will ensure he executes the agreement that would lead to the repatriation of the fund.
Wabba said, “We wish to state that the situation of the working poor in Nigeria continues to be dire and exacerbating. This is because of the high and increasing cost of living, rising number of dependents given the deepening unemployment situation, low social protection coverage, delayed payment of salaries amongst others.”
*Deloitte LLP resigns from Audit function *Kaztec Engineering received over $80m Hector Igbikiowubo 09 April 2017, Sweetcrude, Lagos — Unexplained…
*Deloitte LLP resigns from audit function *Kaztec Engineering received over $80m Hector Igbikiowubo 05 April 2017, Sweetcrude, Lagos – Unexplained…
Malami said that, “The amount in question cannot be said to have been blocked on account of lack of cooperation between the US and Nigeria but largely on account of bureaucratic and judicial bottlenecks.”
“America has over $400m that have been officially recovered as stolen funds from Nigeria. But America is keeping the funds, they are telling us about technicalities; they are saying we recovered doesn’t mean we can return.”
Dr. Emmanuel Ibe Kachikwu reportedly caused a stir around the oil industry in the country when, at a meeting a year ago in Davos, Switzerland, he declared that cost of producing a barrel of crude oil onshore Nigeria was less than $13.
16 September 2016, Lagos – A civil rights organisation, Africa Network for Environment and Economic Justice, has raised the alarm…