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Article

1 Oct 2010

Author:
Global Witness

[PDF] International Thief: How British Banks Are Complicit In Nigerian Corruption

Global Witness has found that Barclays, HSBC, RBS, NatWest and UBS held accounts for two former Nigerian state governors, Diepreye Alamieyeseigha…and Joshua Dariye...These men funnelled dirty money into the UK,…sustaining a luxury lifestyle, in stark contrast to the poverty of ordinary Nigerians. The Nigerian government took the governors to court in London to recover their illicit assets…British judges ordered their UK assets to be returned. Drawing on court documents, this report examines for the first time in detail the roles played by the British banks which took money from these two corrupt politicians.…In 2008 Nigeria received $1.3 billion…of overseas aid…According to the World Bank, corruption is one of the greatest obstacles to reducing poverty… Global Witness believes that banks can play a…role in stopping corruption and promoting development by refusing to take politicians’ dirty money…[includes comments by Barclays, HBSC, UBS; RBS, NatWest (part of RBS) did not respond to Global Witness]