Shares in Nigerian oil company Oando fell by almost the 10 percent limit allowed on the local stock exchange for a second day following allegations by a British prosecutor about links to jailed former Nigerian oil state governor James Ibori. The energy company’s shares were down 9.37 percent at 9.14 […]
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U.S. poverty rises despite economic recovery
The number of U.S. residents living in poverty edged up to 46.5 million last year, the latest sign that an economic recovery marked by a stock market boom has not trickled down to ordinary Americans. The figures from the Census Bureau on Tuesday highlighted the lingering scars from the 2007-2009 […]
James Obori Claims 30% Stake In Oando
* Bank report likened Ibori to scion of Kennedy dynasty * Prosecutor says more assets may still be hidden * Details of Ibori’s assets revealed at London hearing Jailed former Nigerian oil state governor James Ibori told a Swiss private bank in 2004 that he owned 30 […]
