The Sandesaras built Nigeria’s biggest independent oil firm, but India has accused the pair of scamming its public banks.
At a ceremony in November, the Nigerian government celebrated the discovery of as many as 1 billion barrels of oil in the country’s arid northeast, almost 1,000 kilometers (621 miles) away from the crude-rich Niger Delta.

The state’s partners in the multi-billion dollar project in the impoverished, landlocked corner of the country is a company founded by two brothers from India. The siblings have built the largest independent oil company in Africa’s biggest crude producing nation even as India pursues them as criminals — accusing them of perpetrating “one of the largest economic scams in the country.”

Now, as newly elected President Bola Tinubu sets ambitious targets for Nigeria’s hydrocarbons sector, companies created by the brothers, Nitin and Chetan Sandesara, seem poised for an increasingly prominent role — especially as international oil giants such Shell Plc and ExxonMobil Corp. retreat from the West African country.

The selection of a firm owned by the family of the duo branded as fugitives by India to drill wells for the project is just the latest sign of how Nigeria has provided the brothers a haven, effectively insulating them from troubles back home. Indian Prime Minister Narendra Modi’s government has accused the tycoons of absconding after defrauding public banks of more than $1.7 billion. Nigeria has refused India’s request to extradite them.

More:https://www.hindustantimes.com/business/sandesaras-brothers-scam-indian-brothers-fighting-fraud-charges-at-home-flourishing-in-nigeria-101686037063612.html

If truly they are scammers and the Indian government are serious about their allegations against them, Nigeria and India have really stong diplomatic ties, The India government can easily ask for their head from the Nigeria counterpart and i bet Nigeria would give them back to their government or the worse both government can easily negotiate how Nigeria government can help the Indians get back all their money and it's that simple. Till when their government get serious with their allegations let Hindustime keep Nigerias name out of their mouth, These two brothers will continue to be great investors in the Nigeria system.


Though i'm not one that love or appreciate FDIs over grooming home business but till we can raise more executives, CEOs like Dangote and many other Bank CEOs and founders (as banks seems to be one of the major Nigerias export in the service sector) i will always appreciate FDI.

Nigeria is fast becoming what Albania is to Europe. A place that becomes a safe haven for criminals.

The guys also own the largest construction firm in Albania

zarathustra:
The guys also own the largest construction firm in Albania

Hmmm...interesting.

Nigerian politicians have been stealing money to invest outside the country for years, it is about time someone steals from outside to invest and create jobs in Nigeria abeg

The Indian government would be foolish to think Nigeria would extradite them.

nothingspoil70:
Nigerian politicians have been stealing money to invest outside the country for years, it is about time someone steals from outside to invest and create jobs in Nigeria abeg