National Times (Washington) – A court in London has asked the Nigerian government to award two Irish brothers $9 billion for discontinuing a gas project in Calabar in Nigeria.
As Reuters Libby George has observed, the amount the judge ordered the Nigerian government to pay the British firm is over 20% of Nigeria’s foreign exchange earnings.
The Law which the court judgement is based on, allows British citizens to sue foreign governments for actions which lead to significant loss of revenue. However, as legal experts would observe that also implies even if the foreign government discontinue a project because of considerations that the project was not in its national interest, it still has to pay the company the full amount the company would have made from the project.
In essence, a British court has ordered two Irish brothers to steal $9 billion from a country that is laughed and chaffed at for massive poverty. We always point fingers at corruption among Nigerian leaders. But these types of laws, that award 20% of a country’s wealth to two Irish brothers is hardly mentioned anywhere. These types of laws are what neo-colonialist call the unobtrusive colonial weapons. There are dozens in so called arbitration courts.
These laws are meant to allow the west to continue its exploitation of Africa without raising hairs, and barring all African governments from recourse to justice.