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Vol 55 No 7

Published 4th April 2014


Nigeria

There will be blood... and oil

The stink of the OPL 245 scandal won’t go away

General Sani Abacha's son, now seeking political office with the governing People's Democratic Party (PDP), is building a coalition to obtain his part of the plunder. Middlemen are still litigating over their share and abroad, criminal investigations are under way Oil Prospecting Licence 245 represents the peak of a system of assigning Nigeria's oil wealth to its rulers and their friends and allies. The methods employed in this affair – and for other oil blocks and concessions – continue to plague the exchequer and oil industry and, far from declining, are expected to be applied with greater diligence as politicians amass their war chests for the 2015 elections.

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