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How corruption helped Nigeria avoid $11bn fine

Tuesday November 07 2023

President Tinubu described ruling as a landmark victory that proved the nation would no longer be held hostage by economic conspiracies.

AFP

IN SUMMARY


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Nigeria was on the verge of paying $11 billion in accumulated fines for breaching a contract to supply gas to the national grid, until a court found that the contract itself had been awarded in dubious circumstances.

The story began more than a decade ago, during the administration of President Umar Yar'Adua, who died in 2010. But the story of the murkiness surrounding the controversial contract only came to the fore last week.

Read morehere

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