The Looting of Nigeria: BIG OIL’s $140 Billion A Year and Counting

Two recent audits of the oil industry show billions of dollars in irregularities despite years of government promises to clean it up. It is now a hot issue that may come to define Goodluck Jonathan's presidency

By Thomas C Mountain,

As western oil companies loot some $140 Billion a year of Nigeria’s black gold two thirds of the country’s 100 million people live on less than $2 a day.

Nigeria’s “official” oil production figures show about 3 million barrels a day being pumped from their oil fields into the holds of western tankers though for decades now informed observers have estimated up to one third of all Nigerian oil is actually “stolen”, secretly loaded onto oil tankers after bribes are paid to corrupt government officials. Continue reading

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Obama and Meles Zenawi’s Ticket

Meles’ presence at the G8 meeting was representing not only his failed and hunger stricken country but also for a God forsaken dictator that money can buy

By Amanuel Biedemariam,

For decades, the West fed the people of Africa lies about democracy, the rule of law, standing for the rights of people, freedom of press etc… ad nausea. But contrary to the advertising and flouting of these grandiose’ ideals, Western nations have served Africans tyranny with all its vice on a bloody platter. The Bush administration, Tony Blair and their Western allies were notorious for cuddling African tyrants like Meles Zenawi.

When President Obama run for the White House, his lead slogan was, “Change We Can Believe In.”  Continue reading