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Nigeria: Court orders former oil minister to pay back to the state $153 million allegedly siphoned from Nigerian National Petroleum Corporation

Author: African Mining Brief (South Africa), Published on: 19 February 2017

"Nigerian court orders former oil minister to pay back $153 million to state", 17 Feb 2017

...[A] federal high court in Lagos has ordered a former minister...Diezani Alison-Madueke, to pay back $153.3 million, the money which she is alleged to have siphoned from state run firm, Nigerian National Petroleum Corporation (NNPC) and stashed in three banks...For years, previous governments have not acted on allegations of gross corruption at NNPC, which is directly under the control of the minister of oil…The country’s transport, water and electricity infrastructure is in a state of disrepair due to years of neglect. Access to primary health care is a privilege for the average Nigerian.

 

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Related companies: Nigerian National Petroleum Corporation (NNPC)