•Parties barred from disclosing material details of the package under any circumstance
To partake in the plum Nigerian National Petroleum Corporation (NNPC) Consolidated Insurance Package (CIP), insurance underwriters were required to sign a non-disclosure pact.
Essentially, the secrecy agreement sought to shield the details of the premium paid by the oil behemoth and other facets of the deal which ought to have been on the public domain even from industry practitioners.
This practice which ...
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Added June 01, 2010
from Businessday Nigeria