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How Lakshmi Mittal s brother got a $500m Nigerian bailout

The government of Africa s most populous nation agreed to settle a contract dispute over a deal that a previous administration said was tarnished by fraud.

Sofiya gradBosnia herzegovinaComunidad autonoma de catalunaUnited statesCity ofUnited kingdomAbuja federal capital territoryThe philippinesAbubakar malamiCatherine burtonKashim shettimaMohammed adokeOlusegun obasanjoDavid malingha doya bloombergUmaru yaraduaLakshmi mittal

Billionaire Lakshmi Mittal s brother gets $500 million Nigerian aid to settle contract dispute

Pramod Mittal’s firm won a settlement tied to a Soviet-era steel plant that has sucked up more than $7 billion in Nigerian public investment without producing any metal.

Sofiya gradComunidad autonoma de catalunaUnited statesBosnia herzegovinaUnited kingdomAbuja federal capital territoryCity ofThe philippinesAbubakar malamiLai mohammedUmaru yaraduaMuhammadu buhariOlusegun obasanjoPramod mittalBola tinubuKashim shettima

How billionaire Lakshmi Mittal s younger brother got $500 million bailout in Nigeria | William Clowes

Billionaire Lakshmi Mittal’s younger brother is effectively getting a helping hand and a possible way out of financial distress from Nigerian taxpayers, after the country’s government agreed to pay his company almost $500 million to settle a contract dispute over a deal that a previous administration said was tarnished by fraud. Pramod Mittal,…

Bosnia herzegovinaAbuja federal capital territoryUnited statesSofiya gradComunidad autonoma de catalunaUnited kingdomCity ofThe philippinesMohammed adokeLai mohammedLakshmi mittalCatherine burtonUmaru yaraduaMuhammadu buhariPramod mittalSwansy afonso bloomberg

FG pays Indian businessman, Pramod Mittal with history of abandoned deals, piled up debts, $500m over Ajaokuta Steel contract dispute

FG pays Indian businessman, Pramod Mittal with history of abandoned deals, piled up debts, $500m over Ajaokuta Steel contract dispute
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United kingdomAbuja federal capital territoryRiver nigerNigeria generalUnited arab emiratesLakshmi mittalAbubakar malamiGoodluck jonathanShuaibu auduMuhammadu buhariLai mohammedOlusegun obasanjoMoorgate industries ltdAjaokuta steel company limitedKing spaldingLuminous star ltd

How billionaire Mittal s distressed brother got a $500 million bailout far away from India

Pramod Mittal, lesser-known in the steel industry compared to his brother Lakshmi, is navigating financial turmoil. Nigeria agreed to pay nearly $500 million to settle his company s dispute, aiding his debt-laden venture. Despite Nigeria s payments to Mittal s company, creditors await settlements, highlighting the complex web of his financial troubles.

United kingdomComunidad autonoma de catalunaUnited statesCity ofUttar pradeshAbuja federal capital territorySofiya gradBosnia herzegovinaThe philippinesLai mohammedMuhammadu buhariMohammed adokeBola tinubuShuaibu auduAbubakar malamiPramod mittal