Chancellor George Osborne has announced a new business relationship with Nigeria which he says will help reduce the UK’s national debt. He has entered a 100% risk free business relationship’ with Dr Umaru Shinkafi Egwuatu, director of the Nigerian Petroleum Trust Fund, for a share in a $600 million construction contract that Nigerian officials over-invoiced to the tune of $635.5 million with the intention of sharing the remaining $35.5 million among themselves.
However Shadow Chancellor Ed Balls said that the deal has huge cracks in it and needs investigating further. ‘The Labour party has a much better alternative. Following the tragic death of Nigerian Chief Nze Akpamgbo in a plane crash, the family have inherited a $700 million fortune and are offering 35% to help transfer funds and 15% for any costs incurred. Do the maths.’