Nigeria: How to Fleece Nigeria

17 August 2019

The age old art of fleecing Nigeria got a notch higher yesterday when it was legitimised by a British Court.

Going by the UK judicial affirmation of an obviously sham $6.597 billion (N2.3 trillion Naira) judgement debt, for an apparent fraudulent contract, awarded against the federal government over alleged breach of contract, it is now looking so easy for foreign firms to come into the country with their briefcase, pass a few dollars around corrupt officials, sign a contract with a government agency, oust the jurisdiction of Nigerian courts through sham arbitration clauses, pull out after some time without doing anything or investing a dime, and return to their countries to make huge claims for breach of contract through the loopholes already embedded in the flawed contract agreements.

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