Monday, May 31, 1999 Published at 17:23 GMT 18:23 UK
Nigeria suspends military regime contracts
Civilian President Olusegun Obasanjo was handed the constitution at the weekend
The new Nigerian President, Olusegun Obasanjo, has suspended all contracts entered into by the previous military government since the beginning of the year.
Among the contracts affected are lucrative offshore oil concessions awarded to companies linked to powerful military interests in preceding governments.
No further details were immediately available, but President Obasanjo pledged on his inauguration on Sunday to put the fight against corruption to the top of his agenda.
He said that the kind of corruption which has plagued Nigeria for decades would no longer be tolerated.
"Corruption will be tackled head on," he said.
"No society can achieve its full potential if it allows corruption to become the full-blown cancer it has in Nigeria."
EU lifts sanctions
The EU imposed the sanctions in 1995, following the execution of nine Ogoni activists.
Most were lifted when General Abdulsalami Abubakar took power and promised to restore democracy.
In a farewell speech on Friday, the outgoing military leader, General Abubakar, defended his government's record, but urged the army to resist any temptation to take power again in the future.
His last move, before handing over power, was to abolish the decree allowing detention without trial.
The Nigerian economy has been steadily withering after years of waste, corruption and mismanagement and unemployment is soaring.