Frauds & Scandals

Suicide bomber kills at least 7 at bank in northeast Nigeria

Fri Nov 7, 2014/Reuters * Blast targets ATM point of bank branch in Bauchi state * Attack suspected to be work of Boko Haram insurgents * Continued violence casts doubt on announced “ceasefire” (Adds quote from bank spokesman, details, background) A suicide bomber killed at least 7 people outside a […]

Boko Haram steals dynamite in raid on Lafarge Nigeria plant: sources

Nov 6, 2014/Reuters Suspected Boko Haram Islamist militants raided a cement factory owned by Lafarge subsidiary Ashaka Cement and seized dynamite from a quarry, witnesses and a security source said on Thursday. Lafarge Africa said the plant “was the target of an intrusion by people who were strangers to the […]

Swiss Prosecutors Contact Oil Traders in Nigeria Fuel Scam Probe

Nov 5, 2014/Bloomberg Swiss prosecutors contacted commodity traders including Gunvor Group Ltd. and Vitol Group as they assist a Nigerian investigation of an alleged multi-billion dollar scam over subsidies for oil-product imports. Gunvor, the fifth-largest independent oil trader, said the firm was notified in June by Switzerland’s attorney general that […]