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To: Crimson Ghost who wrote (45700)5/31/1999 4:42:00 PM
From: BigBull  Read Replies (1) | Respond to of 95453
 
Today, Nigeria "suspends" all contracts made by previous regime, including oil concessions.

news.bbc.co.uk



To: Crimson Ghost who wrote (45700)5/31/1999 11:24:00 PM
From: Douglas V. Fant  Respond to of 95453
 
George and BigBull, Well unbelievable! I thought that it would never happen! At first I was afraid that Obasanju would be "too close" to the former military rulers of Nigeria- but dang! He intends to tackle the corruption head on and return all revenues back to the federal treasury- hail Obasanju!

Now who is hurt in Nigeria if corruption is corralled? Most heavily Shell Oil Co., as they were widely seen by most southern Nigerians (where Obasanju comes from) as morally equivocal, very corrupt, and in bed with the former military government as many were tortured, imprisoned, and murdered. In fact many members of the former resistance movement would like to see all Shell contracts cancelled outright.

Look for Shell's influence to fade in Nigeria as Obasanju's revolution progresses...