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Published 31st March 2017

Vol 58 No 7


Nigeria

The great oil chase

Nigeria Chart Copyright © Africa Confidential 2017
Nigeria Chart Copyright © Africa Confidential 2017

A joint British-Nigerian probe into how tens of billions of dollars of oil money went missing promises to be the most thorough yet

Oil industry experts calculate that Nigeria may have lost US$100 billion from 2010 to 2015 from outright theft and excessively disadvantageous production and trading deals. Audits by international firms KPMG and PricewaterhouseCoopers showed that the state-owned Nigerian National Petroleum Corporation had not remitted revenues from January 2012 to July 2013 of $18.5 bn., as legally obliged, to the federal government's accounts. Auditors found that there was no credible accounting for the NNPC's 'discretionary' spending averaging over $6 bn. a year between 2011 and 2013. In addition, auditors found that the NNPC was illegally retaining about $6 bn. a year from the earnings of its five oil-trading facilities.


Combat and compromise

The government may be giving the northern Tuareg nobility too much in its bid to restore peaceful regional government

At the last minute – and helped by United Nations pressure – Mali's government has persuaded the former separatists of the Coordination des Mouvements de l'Azawad (CMA) to...



BLUE LINES
THE INSIDE VIEW

The verdict from the Tahrir Square generation that took to the streets in January 2011 to such dramatic effect was clear and concise. 'Mubarak is on the asphalt, the youths are in prison,' an activist known as 'Mohamed 303' tweeted on hearing the news that ousted former President Hosni Mubarak had been released. He was referring to the 60,000 political prisoners in detention under the current government of...

The verdict from the Tahrir Square generation that took to the streets in January 2011 to such dramatic effect was clear and concise. 'Mubarak is on the asphalt, the youths are in prison,' an activist known as 'Mohamed 303' tweeted on hearing the news that ousted former President Hosni Mubarak had been released. He was referring to the 60,000 political prisoners in detention under the current government of President Abdel Fatah el Sisi.

There is a strong sense that the events between 2011 and 2017 have turned full circle. Indeed, many say that conditions under President El Sisi are substantially more repressive than under Mubarak while the armed forces enjoy a greater level of impunity. Mubarak's appearance in an iron cage in court like any other defendant had seemed to be a seminal moment. But the moment passed, and seven years later Mubarak has been exonerated from all charges of murder.

That sends a strong political message to the Tahrir Square generation and their successors. If Mubarak, who ruled as an autocratic president, cannot be held responsible for giving the orders to kill 239 demonstrators and to torture and detain thousands more, what prospect is there that President El Sisi and his fellow officers will ever be brought to account for the massacre of at least 900 people on 14 August 2013 in the coup against President Mohamed Mursi's government? Neither does it offer much respite for the legions of political detainees.

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Omens and portents

Optimists are in short supply as the significance sinks in of Gordhan's recall from overseas and the implications of a reshuffle

Only the beleaguered judiciary and Pravin Gordhan's fiscal management stand between South Africa and economic doom. This is an increasingly common refrain within the political class as evidence...

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Timis takes shine off boom

New oil and gas discoveries off Senegal's coast have seen oil majors circling as Frank Timis maintains an interest

The involvement of the maverick businessman Vasile Frank Timis in Senegal's oil industry and his cosy relationship with President Macky Sall's government has attracted renewed interest from international...


Bye bye Benkirane

With the Prime Minister now out of government, the Palace has won an important round in its battle with the Islamists

For now, King Mohammed VI's much anticipated move to replace Abdelilah Benkirane as Prime Minister seems to have ended a deep political crisis that lasted nearly six months....



Pointers

Plan Bibi for AU

Israel's latest African charm offensive will peak with an Israel-Africa summit on security and development in Lomé, Togo, in October. The organisers hope to have 25 sub-Saharan governments...


Water emergency

Activists from South Omo, in the Southern Nations, Nationalities, and Peoples' Region of Ethiopia, say the government has been using the state of emergency to silence domestic critics...


Magufuli backs hard man

President John Pombe Magufuli is experiencing conflict between his campaign against corruption and his increasingly dictatorial methods. He has boosted the roles of Regional and District Commissioners, hangovers...