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Vol 59 No 4

Published 23rd February 2018


'Feigned lawsuit' bid to foil US

US authorities say bogus litigation is being used to try to prevent the seizure of Nigerian oil traders' assets

A string of unusual lawsuits is frustrating law-enforcement agencies' attempts to seize assets belonging to oil traders accused of becoming extraordinarily wealthy because they were cronies of Diezani Allison-Madueke during her tenure from 2010 to 2015 as Nigeria's Oil Minister. Kolawole ('Kola') Aluko of Atlantic Energy and Benedict Peters of Aiteo Group, both prominent oil producers and traders, are accused of having bought properties and luxury goods for Allison-Madueke in exchange for lucrative contracts.

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