A Cayman Islands-based Enron affiliate was denied a quick win in its effort to claim a $12 million arbitrator.s award from the Nigerian government in the D.C. Circuit on Monday, with the court.s short ruling saying factual questions remained in dispute.
To the untrained eye, they often appear as scrubby derelict vagabonds, haunting the steps of administrative offices throughout the developing world. Yet, this unassuming guise belies their predatory importance as quasi-official intermediaries—serving as both roadblocks and essential intercessors.
The penalty for paying bribes in Nigeria may increase following demands from a Nigerian NGO that the Nigerian government seek its share of the recent antigraft bounty. Maybe…
Nigeria is a country of extremes. The most populous country in Arica—seventh in the world, with a projected economic growth rate of approximately 7%, far surpassing that of the United States at about 3%—Nigeria is a nation that presents vast financial opportunities.