Investor flees Nigeria after being paid N32b for vessels

20 January 2015, Abuja – An investor got N32 billion for vessels, which he never delivered, a minister has said. Transportation Minister Rotimi Amaechi said the unnamed investor fled after collecting the cash during the Dr. Goodluck  Jonathan administration. The money was paid from the Cabotage Vessel Financing Fund (CVFF), which indigenous ship owners last month urged […] More »