Word: payment
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Three days after it seized power, the military council made a payment of about $60 million that Nigeria owed to 66 international banks on debts of nearly $2 billion. In the meantime, said Buhari, Nigeria would continue to negotiate with the International Monetary Fund for some $2 billion in emergency loans. Buhari also announced that Nigeria would remain in the Organization of the Petroleum Exporting Countries, and that it would not cut its oil prices sharply in an effort to find a short-term solution to its pressing economic problems. This was good news to other members of OPEC...
...federal or state contracts are awarded without payment of a "mobilization fee," which can amount to 40% of the value of the contract. It is widely believed that some of the political chieftains who supported Shagari and his ruling National Party have benefited from the largesse...
...victims. But this one was particularly pathetic: a woman and her son huddled together, chains around their necks, a pistol held to the woman's left temple, the right side of the youth's face caked with dried blood. In a barbaric attempt to force a ransom payment rumored to be as large as $4.2 million, the kidnapers apparently had cut off the youth's ear. If the money was not forthcoming, they warned, their two captives would be slaughtered...
...from mutual dis| trust to outright hatred. Saudi y Arabia and the rest of the Persian I Gulf oil states give Damascus ğmore than $1 billion a year in cash, partly because they deem it essential to have at least one strong Arab state confronting Israel. But the payment also serves as a form of protection money to ensure that Assad does not try to overthrow those conservative regimes. Kuwait, with its large population of Syrian guest workers, feels especially vulnerable. "Assad is a very bright man, but he also is very mean," says a United Arab Emirates official...
...Barden postal inspector said the pyramid schemes at least probably does not violate postal regulations. If the solicitation is already complete and the mailed payment is "basically an afterthought," the game may not involve mail fraud, inspector Jay F. Ahernethy explained...