Tag Archive

the time for action on corruption is now

the time for action on corruption is now

December 9, 2018 No Comments

This Sunday, 9 December, marks International Anti-Corruption Day — an important opportunity to highlight the stories of citizens in the fight against corruption across the globe. It is also an historic moment, marking the fifteen years since the United Nations Convention Against Corruption (UNCAC) was adopted, making it the largest international anti-corruption treaty with nearly 186 country […]

Nigeria Could Lose OPEC Status If It Signs New Oil Bill

Nigeria Could Lose OPEC Status If It Signs New Oil Bill

August 30, 2018 No Comments

While Nigeria’s President Muhammadu Buhari is said to be withholding signing the country’s new petroleum bill into law over concerns that it strips the president of powers over the industry, a former manager at the Nigerian National Petroleum Corporation (NNPC) warns that Nigeria could lose its membership in OPEC if the bill becomes law. If […]

Appeals Court Rejects Fraudulent Ecuadorian Judgment Against Chevron

Appeals Court Rejects Fraudulent Ecuadorian Judgment Against Chevron

July 5, 2018 No Comments

An appeals court in Argentina has rejected an attempt to enforce a fraudulent Ecuadorian judgment against Chevron Corporation, making Argentina the latest country where courts have dismissed the judgment found by U.S. courts to have been obtained through racketeering and corruption. The three-judge panel from the Chamber of Appeals in Buenos Aires unanimously dismissed the […]

NNPC hired firms facing corruption charges for refineries’ TAM

NNPC hired firms facing corruption charges for refineries’ TAM

May 9, 2018 No Comments

The House of Representatives ad hoc committee investigating the fresh Turn Around Maintenance (TAM) planned for the country’s four refineries on Tuesday queried the criteria used in selecting the consortium of firms listed for the contracts The Punch Newspapers reports.. The Nigerian National Petroleum Corporation had set aside over $1.8bn for the repairs, which it […]

Corruption Perceptions Index 2017

Corruption Perceptions Index 2017

February 22, 2018 No Comments

This year’s Corruption Perceptions Index highlights that the majority of countries are making little or no progress in ending corruption, while further analysis shows journalists and activists in corrupt countries risking their lives every day in an effort to speak out. The index, which ranks 180 countries and territories by their perceived levels of public […]

Shell comments on decision to indict the company over OPL 245 settlement

Shell comments on decision to indict the company over OPL 245 settlement

December 20, 2017 No Comments

Royal Dutch Shell plc today made the following statement in response to the decision by the Judge of the Preliminary Hearing of the Tribunal of Milan in Italy to remand the company for trial for alleged offences related to Oil Prospecting Licence (OPL) 245 in Nigeria: “We are disappointed by the outcome of the preliminary […]

Eni Comments on Opl 245 licence in Nigeria

Eni Comments on Opl 245 licence in Nigeria

December 20, 2017 No Comments

The Board of Directors of Eni notes the decision made by the preliminary hearing judge at the court of Milan to send the company, its chief executive and a number of managers to trial on a charge of international corruption related to the acquisition, in 2011, of a stake in the OPL 245 licence in […]

PwC’s Africa oil and gas review, 2017

PwC’s Africa oil and gas review, 2017

November 1, 2017 No Comments

The oil & gas industry in Africa continues to face market challenges arising from the low oil price, competition for revenue growth and local talent together with new expectations from investors and regulators. “Africa’s oil & gas industry is experiencing significant change and upheaval. There are fundamental shifts in companies’ strategies, business models and ways […]

Lack of Adherence to Due Process in NNPC Contract Awards

Lack of Adherence to Due Process in NNPC Contract Awards

October 9, 2017 No Comments

Following the publication of alleged lack of adherence to due process in the award of NNPC contracts, the President ordered the Group Managing Director (GMD) and Management of the Nigerian National Petroleum Corporation (NNPC) to consider and respond expeditiously to the allegations. The substance of the allegations made by the Minister of State for Petroleum […]

“We should pray that oil prices remain low” -Aliko Dangote at UN General Assembly

“We should pray that oil prices remain low” -Aliko Dangote at UN General Assembly

September 20, 2017 No Comments

Nigerian business leader Aliko Dangote told investors “Agriculture, agriculture, agriculture. Africa will become the food basket of the world.” In a packed room at the headquarters of global law firm Shearman and Sterling LLC high level business leaders and international diplomats invited by the Corporate Council for Africa to hear Africa’s richest man, Aliko Dangote, […]

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