The Ongoing Song and Dance of Corruption in Nigeria’s Oil and Gas Industry

The Ongoing Song and Dance of Corruption in Nigeria’s Oil and Gas Industry

In this article, Frederick Festus Ntido of Threshing Fields Law talks (and walks) us through the continuing saga of the struggle against historic corruption and theft in Nigeria’s energy and natural resources sector – plus a few plot twists in the pipeline that point towards a better future for the country’s crude oil production. The Screaming of the Lambs As long as humans walk the face of the earth – or any other planet we may visit in the future – there is a certain likelihood of corruption. People possess a primitive urge to gain an edge or advantage over...

A PRACTICAL GUIDE FOR COMPANIES IN NIGERIA- DOING BUSINESS, ANTI-CORRUPTION AND BRIBERY

A PRACTICAL GUIDE FOR COMPANIES IN NIGERIA- DOING BUSINESS, ANTI-CORRUPTION AND BRIBERY

BY THRESHING FIELDS LAW WHY IS NIGERIA AN INVESTMENT ATTRACTION? 1. ABUNDANT RESOURCES Nigeria has enormous resources, most of which are yet to be fully exploited. Tremendous investment opportunity exists in the solid minerals sector. Mineral resources include coal, tin, iron ore and others. Agricultural products include, among others, groundnuts, palm oil, cocoa and coconut. Nigeria also has a booming leather and textile industry and is one of the largest oil producers on the continent creating huge inflows of foreign investment. 2. POLITICAL STABILITY In spite of persistent crises in some parts of the country relating to banditry and terrorist...