Almost two decades after the collapse of Enron Corp., a former unit of the energy-trading giant is sparring with U.S. and Nigerian authorities over the proceeds of the sale of a luxury yacht.
To defray the costs of maintaining the Galactica while the case progressed, the boat was auctioned for $37 million in 2019 and then renamed Illusion. In May, after the Nigerian government dropped its own claim to the funds, a Texas court agreed that the proceeds should be retained by the U.S. government.Enron Nigeria Power Holding Ltd. says it’s entitled to part of the takings and is demanding $22 million.
While Enron Nigeria Power’s current shareholders aren’t publicly disclosed, some are former Enron officials who were involved in negotiating the power plant deal with Nigeria, the company’s lawyer Kenneth Barrett said in an interview. Once one of the U.S.’ largest corporations, Enron hid billions of dollars in losses and debt which, when revealed in 2001, propelled the company into insolvency and sent top executives to prison.
Nigerians stealing from Nigerians stealing from Enron.
My head hurts from reading this story and trying to understand it. It often happens when reading a Bloomberg news story.
That Nigerian prince finally about to get paid?
Enron makes me long for 2001.
Wonder if Bill Clinton and Jeffrey Epstein cruised, and played, on it?
UN به مردم عزیز لبنان و فلسطین بگین گول شیطان بزرگ و رجیم تاریخ سیاره عزیز زمین رو نخورند و نگذارند تفرقه بندازند در بینتون چون کار شیطان کثیف و رجیم اسراییل اشغالگر در طول تاریخ سیاره عزیز زمین همین بوده.همونجوری که تفرقه انداخت بین ترک و لر و کرد و فارس و.کشور عزیز ایران...
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