6th November 2017
By Bastian Obermayer, Edouard Perrin, Frederik Obermaier, Oliver Zihlmann, Petra Blum and Will Fitzgibbon, ICIJ The Glencore Room at Appleby’s Bermuda office wasn’t much to look at. Across from the women’s bathroom, the room dedicated to one of the offshore law firm’s most important clients held a filing cabinet,… Read More
2nd November 2017
A Federal High Court Sitting in Lagos has dismissed an application by a former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke urging it to compel the Attorney General of the Federation, Mr Abubakar Malami, to bring her back to Nigeria. Diezani had brought the application before the court asking to… Read More
30th October 2017
By Ivan MArtin, MALTA TODAY Suspected money laundering operations involving Maltese and foreign nationals in Malta are being investigated in connection with the ‘dirty oil’ smuggling racket, the Times of Malta has learnt. Sources said Italian authorities had reached out to their Maltese counterparts and EU agencies to collaborate in… Read More
30th October 2017
27 October 2017 By Jonathan Stempel, REUTERS Nigeria has recovered $85 million in funds from an oil licence deal that had been deposited in Britain, the West African country’s attorney general said. President Muhammadu Buhari has, since taking office in 2015, sought help from several nations to recover money he… Read More
23rd October 2017
Vice President Yemi Osinbajo has again called for an intensified global action against vices associated with corporate secrecy stating that “breaking the wall of secret corporate ownership is an existential matter.’’ Speaking at the opening of the Extractive Industries Transparency Initiative (EITI) Beneficial Ownership Conference today in Jakarta, Prof. Osinbajo… Read More
20th October 2017
20 October 2017 By by MacDonald Dzirutwe, REUTERS A Belgian-based businessman on Friday challenged Zimbabwean First Lady Grace Mugabe’s accusation that he duped her of a $1.35 million diamond ring and asked her to provide the court with evidence to back her lawsuit. President Robert Mugabe’s wife Grace this week… Read More
20th October 2017
SAHARA REPORTERS A coalition of Nigerian civil society organizations, the Civil Society Network Against Corruption (CSNAC), has called on the Economic and Financial Crimes Commission (EFCC) to speed up efforts to investigate the $20 million bribery scam that has former officials of the Nigerian Ports Authority, (NPA) at its center. Read More
19th October 2017
UPI The implementation of United Nations Security Council sanctions could block as much as $1.3 billion in capital inflows to North Korea, a South Korean analyst said Wednesday. Kang Sun-joo, a professor at the Korea National Diplomatic Academy in Seoul, said in a report released Wednesday the Security Council has… Read More
18th October 2017
The UK’s top financial regulator this evening slapped mining behemoth Rio Tinto with a £27m fine for failing to write down the value of its Mozambique mines. The Financial Conduct Authority (FCA) doled out the penalty for breaching disclosure and transparency rules. It is the largest-ever fine for such… Read More
18th October 2017
BBC British-Australian mining giant Rio Tinto and two of its former executives have been charged with fraud in the US, accused of hiding losses by inflating the value of African coal assets. It bought the Mozambique assets in 2011 for $3.7bn (£2.8bn) and sold them a few years later for… Read More