Search Results for: Nigeria

BY ALAN OSBORN
SLOWLY but surely, the world is becoming a little more open and honest in its business transactions. Bribery and corruption have existed as long as people have traded with each other and in some parts of the world remain as matter-of-fact as ever.…

BY RICHARD HURST
SOUTH African chemical company Sasol has entered into an agreement with Nigerian national Petroleum Corporation and Chevron Nigeria to develop the Nigeria-based Escravos gas to liquids plant.…

BY KEITH NUTHALL
THE PRACTICE of allowing companies to deduct bribes paid to secure contracts overseas from their domestic tax bills is still widespread, with a United Nations report saying it was allowed in 50 per cent of countries surveyed. The paper on how the organisation’s 1996 declaration against Corruption and Bribery in International Commercial Transactions said that it was however banned in Bulgaria, Canada, the Czech Republic, Germany, Iceland, Nigeria, Norway, Slovenia, South Africa, Sweden, Switzerland and the UK.…

BY KEITH NUTHALL
THE INTERNATIONAL Court of Justice has announced five weeks of public hearings for a case between Nigeria and Cameroon, who are disputing their mutual maritime border. Nigerian troops currently occupy part of the disputed Bakassi peninsular, provoking the Cameroon government into launching the case, which calls for a fixing of the coastal and associated sea frontiers and the withdrawal of foreign forces.…

BY RICHARD HURST
USA President George W. Bush has approved 35 African countries as eligible for tariff preferences regarding clothing and textile exports to America under the African Growth and Opportunity Act (AGOA), with Zimbabwe and Gambia being notable sub-Saharan African pariahs from the move.…

Keith Nuthall
BACKGROUND

IN traditional ‘old economy’ sectors the malpractice of ‘passing off’ is usually pretty tough to achieve. Setting up a shop or restaurant that looks similar to an established chain can entail a lot of expense and could end in a lawsuit preventing any trading going ahead, and maybe leading to a compensation order.…

BY KEITH NUTHALL
INTERNATIONAL aid programmes are often regarded as a soft touch by criminals, who try to plunder their fat budgets, thinking that they are controlled by well-meaning innocents. Not so the World Bank; it has been investigating fraud in its development projects for years and it is getting tougher.…