Frauds & Scandals

US probes Sinopec for alleged $100m bribe payments to Nigerian officials

August 31, 2017/Punch ’Femi Asu with agency report United States’ authorities are investigating China Petroleum & Chemical Corporation  over allegations that the state-controlled oil producer paid Nigerian officials about $100m worth of bribes to resolve a business dispute, according to people familiar with the probe. Investigators from the Securities and […]

Osinbajo Says FG Working with US Government on Repatriation of Corruption Proceeds

August 28, 2017/Press Release The Buhari administration has reached out to the US government to step up its assistance in ensuring that corrupt officials don’t get a safe haven abroad for their loot, according to Vice President Yemi Osinbajo, SAN. The Vice President, who made the call today during the […]

Update: Oando Affirms SEC Investigation

August 28, 2017/NSE Further to the initial press release by the Company (“the Company” or “Oando”) published on Friday, 14th July 2017 entitled ‘Oando PLC’s Official Statement on Claims of a SEC Investigation’ please find below an update: Two petitions were filed with the Securities and Exchange Commission (SEC) alleging […]