The Ultimate Nigerian Scam Letter

In April, the Lagos, Nigeria-based Seven Energy International Ltd, an indigenous integrated energy concern, announced it had secured US$255 million of new equity capital, some US$150 million of it coming from Temasek, the Singapore sovereign fund. The rest was funded by the World Bank’s International Finance Corporation, US$75 million, and the IFC African, Latin American, and Caribbean Fund has committed US$30 million.

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