Nation
Nigerians Spend $1bn To Buy Citizenship, Golden Visas Abroad
Some rich Nigerians have spent over $1billion this year alone buying themselves citizenship of other countries or golden visas as they plan ahead for safe haven should Nigeria collapse as a nation.
The $1billion is a conservative estimate, given the number of applications processed by the citizenship advisory firms.
According to a report published by Al Jazeera, more Nigerians paid for citizenship or golden visas this year, than in other years.
At London-based Henley & Partners, one of the world’s largest citizenship advisory firms, applications by Nigerians increased by 185 per cent during the eight months to September 2020, making them the second-largest nationality to apply for such schemes after Indians.
More than 1,000 Nigerians have enquired about the citizenship of another country through Henley & Partners this year alone, which Paddy Blewer, head of marketing, said “is unheard of.
“We’ve never had this many people contacting us”, Blewer said.
Arton Capital, a citizenship advisory group, said demand from Nigerian families for Antigua and Barbuda citizenship is up 15 percent this year compared with the last.
St Lucia has also seen a record number of Nigerians applying in 2020.
CEO of the St Lucia Citizenship-by-Investment Unit, Nestor Alfred, said “It’s more than it’s ever been over the past four years”.
The rush to escape from Nigeria reached the apogee in July, with the Coronavirus epidemic raging.
Another propelling factor has been the recent #EndSARS protest, according to the report.
A Nigerian interviewed, cited the escalation of Covid-19 cases in Nigeria as a reason wealthy Nigerians started looking more seriously at citizenship abroad.
“Those with medical conditions that could not fly out – a lot of them are buying passports just because if there is any problem they can fly out,” said Olusegun Paul Andrew, 56, a Nigerian entrepreneur and investor who spends much of the year in the Netherlands.
“Flying out” of Nigeria is hard and not just because of the Coronavirus pandemic.
Just 26 countries allow Nigerian passport holders visa-free entry; many of them part of West Africa’s ECOWAS arrangement.
Both the United Kingdom and Europe’s Schengen zone require Nigerians to obtain visas ahead of travelling.
For the wealthy, this is too much hassle.
“They don’t want to be queuing for visas for any EU country or whatever,” Andrew said.
Instead, why not purchase the citizenship of a country with visa-free access to Europe?
According to the report, the destinations of Nigerians seeking citizenship or golden visas are Malta and many Caribbean nations.
In Malta, all they need to do for citizenship is to have an investment of between $100,000 to $800,000 in the country.
In St Kitts and Nevis, a passport can cost as much as $400,000.
The passport opens doors to Europe and America, where they do not to get visas anymore.
Bimpe, a wealthy Nigerian who was interviewed for the report said she has three passports: one Nigerian, which she says she never uses, and two from Caribbean nations – St Kitts and Nevis – and Grenada.
“The St Kitts and Nevis passport, which cost her $400,000 via a real estate investment programme, was useful when she travelled between London and New York on business as it allows for visa-free travel to the UK and Europe. But now that she has retired in Abuja, Bimpe, whose husband has passed away, wants her three adult sons to have the same opportunities to travel and live abroad.
“My kids were interested in visa-free travel. They are young graduates, wanting to explore the world. So, that was the reason for my investment,” she explains.
“Her investment to gain a Grenada passport for herself and her sons took the form of a $300,000 stake in the Six Senses La Sagesse hotel on the Caribbean island, which she bought in 2015 through a property development group called Range Developments. Like most countries offering their citizenship for sale, Grenada allows real estate investments to qualify for a passport”.
Nation
HYPREP Marks 15 Years Of UNEP Report, Highlights Major Cleanup Milestones
The Hydrocarbon Pollution Remediation Project (HYPREP) has commemorated the 15th anniversary of the release of the United Nations Environment Programme (UNEP) Environmental Assessment Report on Ogoniland, reaffirming its commitment to restoring the environment and improving the livelihoods of affected communities.
In a statement signed by the Project Coordinator, Prof Nenibarini Zabbey, to commemorate the anniversary, HYPREP described the anniversary as a significant milestone in Nigeria’s environmental restoration efforts, noting that the project has made remarkable progress in implementing the recommendations of the landmark UNEP report released on August 4, 2011.
The UNEP report had revealed extensive oil pollution across Ogoniland, severe environmental degradation, and serious public health risks resulting from decades of petroleum operations. It also recommended an initial $1 billion fund to commence the cleanup of the affected communities.
According to HYPREP, the Federal Government formally launched the Ogoni clean-up in 2016, while the Project Coordination Office was established in 2017 to drive the implementation of UNEP’s recommendations.
Zabbey said the current administration has continued to prioritise the project under the Renewed Hope Agenda.
Providing an update on the cleanup, the Project Coordinator disclosed that 30 of the 65 contaminated sites identified by UNEP have been fully remediated, while work is ongoing at several medium- and high-risk locations. It also stated that more than 1.5 million mangrove seedlings have been planted as part of what it described as the world’s largest restoration of oil-degraded mangroves, with over 1,000 hectares of shoreline already rehabilitated.
Zabbey further revealed that 49 Ogoni communities have been connected to potable water schemes through multiple water projects and booster stations aimed at providing safe drinking water across the region.
In the health sector, he said the 100-bed Ogoni Specialist Hospital in Kpite and the 43-bed Cottage Hospital in Buan are nearing completion, adding that several existing health facilities have been upgraded with modern medical equipment, while five ambulances have been donated to improve emergency healthcare services. The Project Coordinator also disclosed that a three-year human health biomonitoring study is being conducted in collaboration with the World Health Organization’s International Agency for Research on Cancer (IARC).
On economic empowerment, Zabbey stated that the Project has created more than 8,000 direct jobs and trained thousands of Ogoni youths and women in various vocational and technical skills, including software development, cybersecurity, aviation, commercial diving, seafaring, mechatronics, and creative arts. The project also reported awarding scholarships to more than 1,000 students, providing grants to small businesses, and supporting persons living with special needs through skills acquisition programmes.
The statement further highlighted ongoing legacy projects, including the Ogoni Power Project and the Centre of Excellence for Environmental Restoration, which it said is about 96 per cent complete. HYPREP also welcomed the recent designation of the Ogoni Wetland as a Ramsar Site of International Importance and pledged to continue promoting biodiversity conservation and sustainable management of the ecosystem.
Marking the anniversary, Zabbey said the progress achieved over the past 15 years demonstrates the collective commitment of government, development partners, stakeholders, and local communities to restoring Ogoniland. He called for renewed collaboration to sustain the cleanup effort, promote environmental sustainability, and support the long-term development of the region. 3
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