Culled—Proshare April 27, 2018/NNPC Release The attention of the Office of the Honorable Minister of State, Petroleum Resources has been drawn to a letter dated April 10, 2018 written to His Excellency, President Muhammadu Buhari by the Ken Saro Wiwa Associates (KSWA) alleging entrenched interest of Dr. Kachikwu in relation […]
Frauds & Scandals
Nigeria’s state oil firm illegally paid $707 mln in fuel subsidies in 2017, Senate probe finds
26/4/2018/Reuters Nigeria’s state oil company illegally paid 216 billion naira ($707.4 million) in fuel subsidies in 2017, according to a Senate probe, the findings of which were released on Thursday. The investigation by the upper legislative house said that parliament had not approved those payments by the Nigerian National Petroleum […]
CBN, OAGF Develop Robust Anti-Money Laundering, Terrorism Financing Regulation 2018
23/4/2018/CBN Pursuant to the requirements of the Financial Action Task Force (FATF) Recommendation 35 on effective, proportionate and dissuasive sanctions and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) 2007 Mutual Evaluation recommendation that “Nigeria’s sanctions regime should be reviewed and made to be proportionate and dissuasive,” […]
