Capital flight: Nigeria loses $380bn to oil, gas contracts in 50 years

The Nigerian Content Development and Monitoring Board (NCDMB) has said Nigeria lost an estimated $380 billion due to capital flight as a result of value-adding activities done overseas over a 50-year period. Executive Secretary of NCDMB, Mr. Simbi Wabote, stated this in his keynote address at a one-day sensitisation workshop for members of the Bench …

Capital flight: Nigeria loses $380bn to oil, gas contracts in 50 years Read More »