Nigeria is “Koruptistan:” Find Out Why Its Anti-Corruption “War” Is Going Nowhere

You’ve heard about the $2.1bn “defense gate”, the $180m Haliburton bribe scandal, the $145m cash in an upscale apartment in Lagos, $20bn missing NNPC funds, 27 of 36 state governors charged with corruption in 2007, “grass-cutter scandal” whereby the Muhammed Buhari government’s scribe “chopped” millions of funds meant for the nearly 2.6m mostly poor women…

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Nigeria Is Giving Away $14m Gravy Money to “Miners”; Hurry and Grab Yours!

Nigeria is an unknown quantity as far as mining is concerned. Yet, the country is richly endowed with a wide variety of mineral resources, namely coal, lignite, coke; gold, columbite, wolframite and tantalite; bitumen, iron ore and uranium, the latter found in about five of the country’s 36 states. Its coal is reputed to be…

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US Probes Chinese Oil Firm, Sinopec, Over $100m Bribe Paid to Nigerians

AUGUST 31, 2017 The US government is investigating China Petroleum and Chemical Corporation, Sinopec, over an alleged $100 million  bribe paid to some Nigerian officials. According to Bloomberg, the bribe was aimed at resolving a $4 billion business dispute between the company’s Addax Petroleum unit in Geneva and the Federal Government. The dispute is said…

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First Quantum Minerals’ Global Operations and the Fate of Mining in Zambia

Introduction First Quantum Minerals (FQM), which has operating mines in Australia, Zambia, Mauritania, Turkey, Spain and Finland, is also developing two other projects in Latin American — Haquira in Peru and Taca Taca in Argentina. This piece seeks to shed some light on the Vancouver, Canadian miner, its operations and deep embeddedness in Zambian politics…

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Will Zambia Finally Stand Up to the Electricity Tariff Blackmail by Foreign Mining Companies?

Since the early 2000s, Zambia has moved from an interventionist, economic nationalist policy tradition to a business-friendly country, although with occasional populist rhetoric and threats to FDI that fizzle out after each presidential election. This cycle of empty threats that has left foreign mining companies earn super profit without the country’s rich mineral resources contributing…

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Balance of Power in Global Energy Security: Changes and Vulnerabilities

The changing balance of power in global energy security As Asia’s oil demand grows, its dependence on imports brings vulnerabilities Nick Butler © Reuters The centre of gravity of the global energy economy has shifted. Demand and therefore trade have shifted from the Atlantic Basin to the Pacific. The immediate implications are obvious: the oil…

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