Century Petroleum Corp (CYPE)

[klimanjaro]

You have missed the whole point of this article. The main theme here is about crony capitalism within Nigeria itself just like it happens in all nations.The USA is a perfect example of it from the "Enrons" to the "Madoffs" ponzy schemes and big banks securitizations with governement complicity sponsoring of the "Goldmans" that led to every single economic crisis. Ibeto is just another victim example of this but he has just luckily avoided the trap. You can be sure that all necessary actions are currently being taken to steer CYPE in the right direction as he takes full control.
The key point here is about how Nigeria needs level playing field to boost financial inclusion and fair competition.