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Avoiding Pitfalls in Negotiated Agreements

Development Recent developments that have put Nigeria in a precarious situation, with billions of dollars lost to some unscrupulous foreign businessmen with the active connivance of criminal elements in Nigeria, has necessitated the importance of arming relevant government officials, representing the country in international trade and contract agreements with requisite negotiating skills to avoid pitfalls, associated with a number of bogus foreign deals. Kunle Aderinokun reports In 2010, P&ID entered a 20-year gas contract with Nigeria under the terms of building and operating a plant to refine natural gas into “lean gas” in Calabar, Cross River State. Gas was being flared in the Niger Delta region of the country and the federal government thought it wise to have a company convert some of the wasted and poisonous gas into electricity in the face of Nigeria’s perennial power woes.

ICPC decries Opaqueness in Appropriation for Constituency Projects

ICPC decries Opaqueness in Appropriation for Constituency Projects ICPC decries Opaqueness in Appropriation for Constituency Projects The Chairman, Independent Corrupt Practices and Other Related Offences Commission (ICPC), Professor Bolaji Owasanoye, SAN, has declared that opaque appropriation for constituency projects needed to be regulated by the proposed Constituency Projects (Budgeting Provision) Bill 2019. Professor Owasanoye, who was represented by his Chief of Staff, Dr. Esa Onoja, made the declaration during a one-day public hearing on Fiscal Responsibility Commission (Establishment) Bill 2020, Constituency Projects (Budgeting Provision) Bill, 2019 and Nigeria Sovereign Investment Authority (Establishment) Act CAP N166 LFN 2004 (Amendment) Bill 2020, in Abuja. According to the Chairman, “Constituency Projects are highly beneficial to the people but opaque appropriation for capacity building and empowerment, which enables abuse and diversion of public revenue, needs to

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