Scam Hall of Fame Ep 1: The Cement Armada Scandal 1974 - ?
The Nigerian Scam20 Marras 2022

Scam Hall of Fame Ep 1: The Cement Armada Scandal 1974 - ?

In this episode, we revisit the Cement Armada Scandal, which we consider one of the foundational scams of the Nigerian political economy. The scandal saw the newly oil-rich post-civil war Nigerian government bumble into ordering half of the world's concrete supply, by some estimates. The arrival of hundred of cement laden ships effectively shut down the ports in Lagos for over a year, forcing the Nigerian government to pay huge fines to real and fictitious shipping companies as a result of the delays. Involving corrupt Nigerian officials, wily shipping companies, devious British MPs, a Balkan princess, a Czech spy, a body in the Thames, and a host of other scalawags from across the globe, the scandal 'cemented' Nigeria's international reputation as an Eldorado of fraud, among its other significant legacies.

In the first of our special series on Nigeria's foundational scams, we go through the major turning points of the scandal, debating its origins and long term impacts.

Special thanks to @Tay007 who runs the Youtube channel "My fellow Nigerians" from which we cribbed the intro summary of the scandal. Check out his page.

And, also...

Check out our Patreon for past and future exclusives.


Further Reading:

Legacies of the Cement Armada

Untangling government, market, and investment failure during the Nigerian oil boom: the Cement Armada scandal 1974–1980

(Image courtesy of https://jojonaija.com/cement-armada-affair-how-the-gowon-regime-flooded-lagos-port-with-cements/)


Jaksot(70)

05. Anti-Communist Coups and Military Wives: A Review of '76

05. Anti-Communist Coups and Military Wives: A Review of '76

Part 1 of The 70's Series In this review of the Nollywood film "'76", we discover (to no ones surprise) that Rita Dominic is one of the greatest actresses of her generation, that geriatrics are infil...

27 Loka 20211h 9min

03. Twitter Ban or Scam

03. Twitter Ban or Scam

In our much-anticipated comeback episode, we discuss the limitations of online politics, the (probably) now expanded surveillance capacities of our ruling elite, and why you shouldn't trust Jack Dorse...

6 Syys 20211h 8min

02. Don't #DefendLagos

02. Don't #DefendLagos

In this episode, recorded mid-week, we discuss #OccupyLekkiTollGate, #DefendLagos, the violent eviction of residents of Ashanti settlement, and the non-existence of class analysis in Nigeria. How shou...

12 Helmi 20211h 37min

01. Proletarian 'Herdsmen'

01. Proletarian 'Herdsmen'

The scam has resumed at long last... In our first official episode (though still very much a working experiment), we briefly consider the so called 'Fulani herdsmen' crisis from a class perspective, b...

28 Tammi 20211h 24min

0.5. Hijacked by 'hoodlums' feat. Dami Adebayo

0.5. Hijacked by 'hoodlums' feat. Dami Adebayo

In our second test recording, we spoke with Dami (@dvmilola) about his participation in Alausa #EndSARS, the role of capital and ideology in the protest, and about the possibility of increased and org...

18 Joulu 20201h 45min

00. Claim no easy victories; On EndSARS

00. Claim no easy victories; On EndSARS

We attempted a first episode on the historical significance of the revolt, the absence of a general strike (unlike in #Occupy2012), the revolutionary duties of artists and celebrities, the pitfalls o...

16 Joulu 20201h 45min

Suosittua kategoriassa Politiikka ja uutiset

aikalisa
rss-ootsa-kuullut-tasta
tervo-halme
ootsa-kuullut-tasta-2
politiikan-puskaradio
rss-vaalirankkurit-podcast
viisupodi
rss-podme-livebox
otetaan-yhdet
et-sa-noin-voi-sanoo-esittaa
rss-asiastudio
the-ulkopolitist
mtv-uutiset-polloraati
rss-polikulaari-humanisti-vastaa-ja-muut-ts-podcastit
rss-kaikki-uusiksi
rss-hyvaa-huomenta-bryssel
rss-merja-mahkan-rahat
rss-kuka-mina-olen
rss-raha-talous-ja-politiikka
rss-tasta-on-kyse-ivan-puopolo-verkkouutiset