Nigeria Lawmakers Investigate $460M ZTE Security Network in Abuja
What happened
Nigerian lawmakers initiated an investigation into a $460 million camera and communications network intended for Abuja. The National Public Security Communication System, contracted to ZTE in August 2010, was meant to provide police and security agencies with cameras, a communications backbone, and emergency-response links. The House of Representatives established a committee to audit the project, review the contracts, and determine responsibility for any failure.
From riotimesonline.com
Why it matters
The probe scrutinizes a major surveillance technology contract, which a UK research institute notes makes Nigeria Africa’s largest customer of such systems. The investigation concerns the functionality of the system and the use of funds from China Exim Bank, a Chinese state lender.
From riotimesonline.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- NigeriaSpeculative
Nigeria might face increased operational costs due to the failure of the surveillance network.
- Nigeria Police ForceSpeculative
The Nigeria Police Force could face increased operational costs due to the failed network.
- nairaSpeculative
The naira might see market confidence erode due to the scrutiny of a major debt-financed project failure.
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The entities involved
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Nigeria
sovereign state in West Africa
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Debt Management Office
nigeria’s public debt manager
Nothing else this week.
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ZTE
Chinese telecommunication company
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