How Indorama Defrauds Nigeria Of $3.7billion Yearly– Journalist Revealed

A X user and also know as investigative journalist identified as Jackson Ude took to his social media handle as he revealed some levels of which Nigeria Politicians had looted some fund from Nigeria Government funds through foreign companies

He stated; While Nigerian politicians loot the country, rogue Indian companies operating in Nigeria are doing the same and getting away with it.

For over ten years, Indorama Eleme Petrochemicals/Fertilizer have been getting supplies of Nitrogen Gas worth 440k metric tons valued at over $308k per annum to Produce Fertilizers.

In ten years, Indorama has not paid a dime into the Federation account for the supplies. They have kept the over $3billion to themselves.

The same company gets 95k metric tons of Propylene Rich Feed, PRF, at $700/ton bringing the total value at $66.5million. And in ten years, they have pocketed and refused to remit over $665million to the Federal Government.

They have basically been getting Nigeria’s natural resources for free to produce Fertilizers and other stuffs they sell to same Nigerias and export to other countries!

Click Below Link To Read Full Details:

https://rovingupdates.com/how-indorama-defrauds-nigeria-of-3-7billion-yearly-journalist-revealed/

💯

Corruption has been institutionalized in nigeria

Wat do you expect when they people who are leaders are looting u think they company no go join