Business Archives - Maroonsquare

Oil, the greasy fluid has become a curse to Nigeria with all the trappings ofunderdevelopment in display. The Niger Delta peoples of Nigeria and their environmenthave suffered irretrievably and irredeemably the shockwaves of the curse of oil in all itsramifying dimensions.Since 1914, when Lord Lugard, the soldier of fortune enacted the Colonial Ordinancewhich made oil precincts in the country a British monopoly with ownership rights vestedin the crown and the subsequent 1937 colonial Nigeria Ordinance, which gave ShellD’Arcy exclusive exploration and prospecting rights, the Niger Delta has not known peace.In this power-packed, riveting book, titled The Riddle of the Oil Thief, HRM, KingBubaraye Dakolo, the Ibenanaowei of Ekpetiama Kingdom in Bayelsa State, gives thehistory of oil in Niger...

17 October 2018 Chief Olusegun Obasanjo As former Nigerian president Chief Olusegun Obasanjo pranced about like an overfed sun-bird that ate pepper at the Bretton Woods Institutions' meeting in Bali, Indonesia and his supporters clapped for him, we wished they had taken out time and read this interesting article on the Bali Conference by Peter Koenig As key representatives of the three chief villains of international finance and trade, the IMF, World Bank (WB) and the World Trade Organization (WTO) met on the lush resort island of Bali, Indonesia, they warned the world of dire consequences in terms of reduced international investments and decline of economic growth as a result of the ever-widening trade wars initiated and instigated by the Trump Administration. They cri...

Business

The Riddle of the Oil Thief: The Story of Exploitation and Despoliation of the Niger-Delta

IMF, World Bank, World Trade Organization and Scaremongering