A business news update from Burkina Faso. I have been contacted by Mr Garuba Lawal, who is a banker in Burkina Faso. Now, my contact with Burkina Faso is extremely limited, but I cannot help but wonder if there are anything other than bank workers in this impoverished country? And if there is nobody but bankers, then what does that tell us about poverty and the banking industry?
Anyway, back to Mr Lawal, who has USD25mm, which he wants to transfer to my account, he says. As with Mr Tampy (see posts, passim), the legal beneficiary of these funds was a foreign national, who died 13 years ago, with his next of kin. Obviously, I'm massively intelligent and can see these patterns, but for those who can't, I'd just like to point out that prudence requires that if one is a foreign national investing in Burkina Faso, then one should steel oneself to the possibility of dying with all of one's family, based on the limited sample of evidence available to me.
So, there you go... If one is a bit strapped for cash, just be aware that there is corruption aplenty in West Africa, and there's free money to be made.