Regional Risk Spotlight: Nigeria Poses Written and Unwritten Corruption Risks

Nigeria has some of the largest petroleum reserves in the world, making its extractive sector highly attractive to foreign investors, but local laws in Nigeria require any company seeking to invest to partner with the government-owned Nigerian National Petroleum Company. This is just one example of the local laws foreign investors and companies must be aware of when seeking to do business in Nigeria. The Anti-Corruption Report spoke with Ikemesit Effiong, a partner at risk and geopolitics research firm SBM Intelligence and chair of the technology committee at the Nigerian Bar Association’s Section on Business Law, to discuss the current state of bribery and corruption enforcement in Nigeria and what companies seeking to do business there need to know. See “How Energy Companies Can Manage Heightened Anti-Corruption Risk” (Oct. 23, 2024).

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