local oil

Nigeria Court Grants Forfeiture of Over $150m Linked To Former Oil Minister

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A Federal High Court in Nigeria’s commercial capital, Lagos, on Thursday issued an order allowing the country’s anti-graft body to confiscate over $150m belonging to former oil minister, Diezani Alison-Madueke. According to Judge Muslim Hassan, the Economic and Financial Crimes Commission (EFCC) had proven beyond reasonable doubt that the monies were proceeds from illegal activity. … Read more

Mahama Diverted $13m E.O. Funds Meant For Western Region

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President John Mahama, as vice president, diverted into private pockets, an amount of $13million which local oil firm E. O. Group agreed to pay to the government of Ghana for the development of the Western Region as part of the Group’s “corporate social responsibility” and as a condition precedent to President John Mills’ signing of … Read more