Nigerian lawmakers to probe Swiss oil fraud
Nigerian lawmakers say their country's oil business must be investigated after an international watchdog group alleged that Nigerian and Swiss traders may be complicit in defrauding the Nigerian public of billions of dollars.
Nigeria's parliament ordered an inquiry into oil trading following the report last week by the Swiss-based group, Berne Declaration, which calls Geneva a "haven for Nigerian fraudsters" and accuses Swiss traders of possibly being involved in "one of the most massive frauds that the African continent has experienced."
Most of Nigeria's national budget comes from oil revenue and lawmakers last year said that between 2009 and 2011 Nigerian oil officials and their partners stole $6.8 billion intended to subsidize the price of fuel.
Nigerian oil officials and the Swiss companies deny the corruption charges in the report.
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"As the international community strives to achieve the Millennium Development Goals (MDGs) by 2015 and forge an agenda for economic and social progress in the years beyond, addressing the problem of corruption becomes all the more urgent." - Ban Ki-moon. Message for International Anti-Corruption Day, 9 December 2012 2012 Theme: Act Against Corruption Today Corruption is a complex social,…
To condemn the execution of nine persons including one woman by the Gambian government on the 23rd day of August 2012. We view this as a flagrant disregard of the rule of law. Section 18 of the 1997 constitution of the Gambian provides that the death sentence shall not be imposed for any offence unless the sentence is prescribed by law and the offence involves violence, or the administration of…
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