Nigerian Maritime Administration and Safety Agency

By IndepthAfrica
In Article
Nov 13th, 2012
2 Comments
8 Views
Corruption did not begin with President Goodluck Jonathan’s government. But, at the current rate, corruption would kill Nigeria on his watch. By a number of credible accounts, more than $500 billion (N80 trillion) has been stolen from Nigeria’s public coffers since independence in 1960. W...
By IndepthAfrica
In Nigeria
Apr 2nd, 2012
0 Comments
6 Views
Nigeria is losing about $500 million annually due to the usage of Free on Board (FoB), a trade policy in the lifting of crude oil that have been faulted by experts. Managing Director, Badmus Shipping Company, Chief Fola Badmus disclosed this in an interview with The Nation. FoB specifies which party ...