Nigeria is determined to raise its oil production capacity to four million barrels per day by 2010, President Umaru Musa Yar'Adua told Africa Confidential in Paris on 13 June. 'That is an investment decision by our petroleum sector,' he emphasised.
Former Delta State Governor James Ibori faces charges
of fraud and corruption in the Kaduna High Court and his wife
Theresa faces money laundering charges in Britain, where
she was arrested this year. The couple's fate will be a measure
of Preside...
Umaru Yar’Adua is short on leadership – just when Nigeria needs it
British banks could face awkward questions after police in
London charged Theresa Nkoyo Ibori, wife of former Delta
State Governor James Ibori, with money laundering on 20
May. She was granted bail but had to surrender her passport.
US investigators say they have new evidence of corruption by international companies working on Nigeria's gas export plant
The discovery by Halliburton's lawyers Baker Botts of more
than 500 pages of notes penned by Wojciech Chodan (a Halliburton
consultant and the Samuel Pepys of the energy business)
between 1993 and 1999 has helped investigators better understand
the pl...
Allegations of corruption under the last government are dividing the ruling parties and raising questions about the new order’s durability
If nothing else, President Umaru Musa Yar’Adua has proved wrong those critics who claimed he would be a mere puppet of his predecessor, Olusegun Obasanjo. Both men lead factions of the ruling People’s Democratic Party and tension between them is rising, n...
President Umaru Yar'Adua has launched a thorough restructuring
of the state-owned energy sector and a review of commercial contracts.
His reform team hopes to bring in partners like China and
Russia while raising funds on international capital markets....
President Yar'Adua's supporters say his election tribunal victory will free his government to move on reforms
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