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Vol 58 No 15

Published 21st July 2017


Nigeria

Diezani in their sights

The net tightens around former Oil Minister Allison-Madueke as US prosecutors target her business partners' assets

The filing of a US$144 million assets recovery case in Houston on 14 July points to substantive progress in international investigations into tens of billions of dollars of oil contract fraud in Nigeria. Although no business people or government officials were indicted, the statement of claim accuses Kolawole Aluko and his business partner Olajide Omokore of bribing the then Oil Minister, Diezani Allison-Madueke, to win implausibly profitable production and supply contracts.

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