Word: nigerians
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...also feeling pressure. Switzerland, for generations a watchword for banking secrecy, two years ago began to allow the financial curtains to be parted in investigation of possible criminal offenses. In two of the more recent high-profile cases, authorities investigated nearly $500 million deposited in 19 banks by former Nigerian dictator Sani Abacha and an undisclosed sum frozen in nine bank accounts controlled by the Ivory Coast's former leader, Henri Konan Bedie. James Nason, a Swiss Bankers Association official, says that since a new money-laundering law went into effect in April 1998, the number of cases of suspected...
...Nigerian President Olusegun Obasanjo MTV Jennifer Lopez...
...power to trim prices beyond exhorting its OPEC colleagues to join in. And since the United States only holds about 4 percent of Nigeria's debt, its ability to reduce the other 96 percent, beyond Clinton's rhetoric, is marginal. While the Nigerian government may know that, the people don't: A recent poll in a Lagos daily paper said 79.6 percent of those responding believe Clinton's visit would result in "huge benefits" - primarily debt relief - to Nigeria. Billboards, posters and T-shirts all urged Clinton to "Cancel Nigeria's Debt...
...every three Nigerians lives below an already very low poverty line in a country with vast stores of natural resources. The average per-capita income flits about the $1,000 mark. The CIA paints a grim picture of the country's infrastructure: Its roads are falling apart because of the heavy freight trucks that pound the pavement. Those trucks, the CIA says, are on the highways because of the collapse of Nigeria's railways after years of neglect. U.S. aid to Nigeria has mushroomed from $7 million two years ago - funneled around the government to humanitarian groups - to $108 million...
...this in the face of rampant corruption and greed. Last year, Nigerian senators spent much of their time gaining access to government coffers to buy furniture for their state-bought private homes. Senators ignored an approved cap of $35,000 and took $50,000 - all of it in cash. The third most-senior member of the government was just impeached for pocketing $350,000 for his furniture - and a $200,000 holiday bonus...