Nigeria marked a historic victory on Monday as it successfully overturned an $11 billion damages ruling tied to a collapsed gas project, a case characterised by a London High Court judge as a stark example of greed and corruption. Previously, Africa’s most populous nation had been ordered to pay this substantial sum, equivalent to about Read More…
A British attorney for Nigeria in a lawsuit in London’s courts where $11 billion is at risk predicted on Friday that the trial will expose “on an industrial scale” corruption among British attorneys as well as Nigerian authorities. The dispute is related to a contract for a gas project that Nigeria gave to Process and Read More…
Cyril Ramaphosa’s future as South African president hung in the balance on Thursday, as his office said he was considering his options following the discovery of evidence that he may have committed wrongdoing in relation to a stockpile of cash taken from his game farm. The study by a team of specialists selected by the Read More…
In a London court on Thursday, a mining and trading company named Glencore was forced to pay a total of £276.4 million ($310.6 million) in fines for seven bribery violations involving its oil activities in Africa. Judge Peter Fraser of Southwark Crown Court imposed a £182.9 million fine and authorised a £93.5 million confiscation order Read More…
Prosecutors said before a London court on Wednesday that employees and agents of a British unit of mining and trading company Glencore used private aircraft to transport money to pay bribes to oil authorities in West Africa. In June 2022, Glencore formally entered a guilty plea to seven charges of bribery related to oil activities Read More…
The Lagos State Commissioner for Health, Prof. Akin Abayomi, says the state government and Ministry of Health will not condone any form of arbitrariness by its officials. Abayomi made this known through a series of tweets on his official Twitter account @ProfAkinAbayomi on Thursday night, while making “Clarifications on Corruption Allegations about COVID-19 Testing in Read More…
An Economic and Financial Crimes Commission (EFCC) witness on Wednesday said that he did not receive any petition on money laundering against a former Speaker of the Lagos State House of Assembly, Adeyemi Ikuforiji. Mr Adebayo Adeniyi, an EFCC investigator, testified as the first prosecution witness at the resumed trial of Ikuforiji before a Federal Read More…
The Economic and Financial Crimes Commission (EFCC) on Wednesday called its first witness in the money laundering trial of former Speaker Adeyemi Ikuforiji of the Lagos State House of Assembly. Ikuforiji is charged with N338.8 million money laundering. He is facing trial alongside his former Personal Assistant, Oyebode Atoyebi, on 54-count bordering on the offences. Read More…
The Lagos State House of Assembly on Monday passed a vote of confidence in the Speaker of the House, Mr Mudashiru Obasa, after clearing him of all corruption allegations levelled against him by an online medium. The House unanimously passed the vote of confidence through a voice vote conducted by the Majority Leader, Mr Sanai Read More…
Mr Mudashiru Obasa, Speaker, Lagos House of Assembly, on Saturday appeared before state assembly panel of enquiry on the corruption allegations leveled against him by an online medium. Obasa told the panel that the allegations were untrue and that it was the handiwork of his enemies. The speaker appeared before the nine-man Fact Finding Panel Read More…
