Nigeria to review privatisations - afrika awake

Nigeria's government has agreed to review all privatisation deals approved by the former president.

The administration of Olusegun Obasanjo, who stood down in May, is accused of failing to follow due process in selling off state assets.

Parliament has been inundated with petitions to review the sell-offs.

President Umaru Yar'Adua has already rescinded the controversial sale of two oil refineries made during the last days of Mr Obasanjo's government.

Multi-million dollar sales

The privatisation of state-owned businesses was central to Nigeria's economic reform programme, initiated by Mr Obasanjo. Full Story