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Party time over for Nigeria’s oil billionaires

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Screen Shot 2016-03-30 at 13.04.33By Danny Fortson in IBIZA: SUNDAY 15 May 2016

Extracts

The new president estimated that more than $lbn a month was being I funnelled out of Nigeria’s public accounts, mostly through dodgy deals in the oil and gas industry. He has declared it his mission to track down the worst offenders and force them to give back their ill-gotten gains.

The recent Panama papers leak laid bare London’s role at the heart of the global money-laundering industry.

Much of the cash that has disappeared from Nigeria’s coffers over the years has been recycled into sports cars, country piles and mansions in west London.

FULL ARTICLE

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