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Author Topic: Jonathan, Nigerian Wealthy Family Named in 'Dubious' Malawi Oil Deal  (Read 924 times)

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An international oil sale scandal is brewing in Malawi over a multimillion government-to-government oil contract the country reached with Nigeria; and at the centre of the deal is the Nigerian Anyiam-Osigwe group, the business clan accused recently of fraud in Zambia.

An investigation by a newspaper in the southeastern African nation points to what appears to be a flawed oil deal, facilitated by the Nigerian group between Nigeria and Malawi.

The Anyiam-Osigwe group has been embroiled in similar allegation of fraud purportedly by Zambian authorities, in which the group was accused of pocketing $5 million in commission without delivering crude oil from Nigeria - an allegation that draws a semblance with Nigeria's notorious fuel subsidy fraud. A former Zambian president, Rupiah Banda, is facing charges related to the deal.

The Nigerian group has forcefully denied the charges. In an emailed statement to PREMIUM TIMES on Sunday, the group restated its claim of innocence, and tendered a letter from the Zambian justice ministry exonerating it of blame.

See the full gist at http://allafrica.com/stories/201304171152.html
« Last Edit: April 29, 2013, 07:22:40 AM by Adewale Odubiyi »


Adewale Odubiyi
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