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Would you go into business with a Nigerian?

My bank manager said they would not accept a LC if it originated from a Nigerian Bank, an aircraft leasing company would not lease us an aircraft if the AOC was in Nigeria. My travel agent wont let anyone pay by credit card if they are travelling to Nigeria. I have three times entered into business arrangements / partnerships with Nigerians (I am not talking about the 419 email scams) used the usual checks and balances that have worked for me in many other countries. Yet each time its gone sour, because of greed and the need to display wealth even before its earned. I have come to the conclusion it is just not worth the risk of doing business in the country, yet I know there is great potential, I am sure i am not alone. Infact i suspect it is major hinderence to development and must be frustrating for honest Nigerians There is something rotten in the state of Nigeria, I would like to know what and why, and what the good Nigerians think could be done about it?

Asked By: Andrew - 9/17/2006
Best Answer - Chosen by Asker
I WRITE THIS ANSWER WITH GREAT SADNESS AND PAIN TO SEE MY BELOVED COUNTRY NIGERIA DRAGGED INTO THE MUD OF CORRUPTION AS IF NO OTHER COUNTRY HAS ITS WEAKNESS. I, AS A YOUNG AND ENERGETIC NIGERIAN KNOWS THAT CORRUPTION IS ON THE LARGE HERE, BUT OUR GOVERNMENT ARE TRYING THEIR BEST TO SEE THAT THEY MINIMISE IT, THAT IS... More
Answered By: olatunji o - 9/17/2006
Additional Answers (10)
I have haerd that organized crime is rampant there, especially in the scam and financial arena. The risk is high. The government needs to crack down.
Answered By: Screaming Eagle - 9/17/2006
 
My insurance company wont insure goods coming from Nigeria because of theft at the docks and - as a single race - they have a reputation for fraud and deceit
Answered By: Nimbus - 9/17/2006
 
Haven't even bothered to read through your pre-amble - the answer is simply NO, NEVER IN A MILLION YEARS. Thieving gits I've heard of, but THEY TAKE THE BISCUIT !!!
Answered By: Emma Chizzett - 9/17/2006
 
The scams are a good source of revenue for Nigeria. The government is most likely also corrupt. If you do business with Nigerians, you will most likely lose all your investments.
Answered By: festus_porkchop - 9/17/2006
 
The one rotten thing coming out of Nigeria are the online scams, which promise vast wealth for depositing huge cheques in personal bank accounts. FBI investigations have led to the very heart of the Nigerian government being involved, which is why bonds and paperwork are very convincing. Prominent people have been... More
Answered By: bugaboo - 9/17/2006
 
The deceptions have come directly from their government in many cases. Word spreads fast and unfortunately only the strong survive. Until the laws are changed, there is not much we can do, and the people have to change the laws and somebody has to enforce them.
Answered By: Barbara R - 9/17/2006
 
Never, after all how many scamming email i got from Nigerian bank want to give me millions of dollars and all the other type of scam from Nigerian plus i have lived there for 4 years in the pass, i don't truth them.
Answered By: cherripie - 9/17/2006
 
Never... More
Answered By: Red - 9/17/2006
 
What do you want me to tell you ? That country was given independence within the last fifty years. It's basically an infant in the area of democratic governing. We have greed over here and many European countries look at the U.S. ( 230 years old ) as a baby country. It is a case of simple growing pains. I only hope it... More
Answered By: 6BILLIONDOLLARMAN - 9/17/2006
 
I WOULDN'T LET A NIGGERIAN LICK THE SWEAT OFF MY JOCKSTRAP LET ALONE GO IN BUSINESS WITH THOSE LOSERS . THEY ARE SCAMMERS , IGNORANT , NON-WHITE, AND JERKS FROM JUMP STREET .
Answered By: Dutch Master - 9/17/2006
 
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