The Barclay's Bank and the British Petroleum Company in Nigeria were nationalized in the late 1970's for transacting business with

In the late 1970s, the Nigerian government nationalized the Barclay's Bank and the British Petroleum Company for doing business with the apartheid regime in South Africa. The apartheid regime was a system of racial segregation and discrimination in South Africa that was widely condemned by the international community, including Nigeria. The Nigerian government viewed any company that did business with the apartheid regime as complicit in its oppression of the black majority in South Africa. As a result, the Nigerian government nationalized the assets of the Barclay's Bank and the British Petroleum Company in Nigeria to show its disapproval of their actions. Nationalization is the process of taking private property or assets into public ownership or control by a government.