Nigerian Report Uncovers Dirty Deals in Oil Industry

A new report has revealed that Nigeria lost out on tens of billions of dollars in oil and gas revenues over the last decade from cut price deals struck between some multinational oil companies and government officials.

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A cartoon on the recurrent troubles of Nigeria's oil industry.



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    Oct 26 2012, 23:13

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  • mag72ng.
    Oct 29 2012, 18:43

    There basically is nothing in the leadership of PDP that will not be covered-up. There is no single government ministry or parastatal that does not stink in corruption. They know that and that is why anytime General Buhari opens his mouth they lunch attack from everywhere. They know he will try and jail everyone of them found guilty of corruption, irrespective of one's political affiliation, religion or regional origin.

    Everyone of the ministries or parastatals you probe you'll be shocked by the unthinkable degree and size of corruption that take place freely there. What's more, is the employees are under paid and salaries delayed for months, while directors and managers mingle in billions of mismanaged funds that could be enough to go round and improve the living standard of the citizens. Wild animals in the jungle will not do this to other animals of their kind. At the end of the day they use religion and region to cause confusion and have many innocent civilians killed to satisfy their insatiable greed and lack of vision. Finally, irrespective of who stands, PDP must go if we really want to head anywhere. They have stolen so much and are enjoying it that they will do anything to discredit any well meaning individual, group/s or party from coming in. We must unite and do away with them and give us all a new start.

  • Citizen Anger overboiling .
    Oct 30 2012, 04:43

    There is absolutely nothing sacred in any corner of Jonathans administration ever . I said exactly what the previous writer have just said in his article . Never have this nation been plundered more than the currrent regime ever . A vexing question citizens have failed to ask Jonathan is why the petroleum Minister who oversaw the mayhem in various corrupt practices that have robbed the nation well over six to 8 trillion Naira and dollars as the various revelations indicate in the past decade still on seat of our petroleum office . It is on record the nation is aware of collution among corrupt officials in such matters under investigation and the ingenuity of culprits to hide and confiscate or shred relevant evidence in previous circumstancial investigations . What makes us not believe this comitted woman is not there to help hide and seek maneuver in this investigation . Nnaji and all other suspects with less danger to nations security have all been fired as scapegoats by Jonathan while the real complicit individual remain unshakable put on seat. I wont be surprised to hear that we have lost such huge aspect of our revenue through court or other skillful adventures . Never anytime in the history of this nations coruption have we been beseaged with such caculated invasion of every corner of our public treasury and money generating source . Only the uneducated will wonder why we have more cars than car dealership shops and private aircrafts than bicycles in China . Medical tourism have taken over as the new route to fly out what remains in the public treasury to London and other financial houses in the world since the capture of Ibori .By the way what was the outcome of ex-General Danjuma's call on the nation's car and SUV hoarders to brng out extra cars from the garrage to sell them and to feed the excessively rising hungry in the nation ?