Senegal’s opposition calls for inquiry on BP gas deal
04 Jun 2019

A group of opposition politicians in Senegal called on Monday for an investigation of the history of two major offshore gas blocks run by BP after a report alleging fraud involving President Macky Sall’s brother Aliou Sall.

The British Broadcasting Corporation (BBC) on Monday published an investigation alleging that in a previously unpublished arrangement, BP agreed to pay Timis Corporation, a company run by Romanian-Australian tycoon Frank Timis, around $10 billion in royalty payments for its stake in the blocks.

The report said the early history of the acreage, which contains one of the largest deposits of gas in the world, was mired by fraud involving Timis, who has mining and energy interests across Africa.

The BBC alleged that Timis in 2014 secretly paid $250,000 to a company run by Aliou Sall called Agritrans, based on a trove of documents it reviewed.

It said Timis also paid Aliou Sall $1.5 million in salary over five years for his work in Petro-Tim, the company originally given the blocks before Timis Corporation, and that he was also offered $3 million in shares in Timis companies.

By Edward McAllister and Juliette Jabkhiro, Reuters, 3 June 2019

Read more at Reuters

Photo: Holger.Ellgaard [CC BY-SA 3.0], via Wikimedia Commons

Count this content towards your CPD minutes, by signing up to our CPD Wallet


You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.