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The Swiss chateau, the British oil trader and Nigeria’s OPL245 ‘corruption’ scandal

2 May 2019, story by Margot Gibbs (Finance Uncovered)

Finance Uncovered worked with The Times in London and others to produce an investigation showing how a British commodities firm Arcadia Petroleum and its former chief executive Mr Bosworth received millions of pounds from one of the biggest corporate bribery scandals in history. Both deny any wrongdoing. It is alleged that $800m paid by Shell and Eni was diverted to companies controlled by Chief Dan Etete, a former oil minister. The Nigerian government has said in a High Court filing against Shell and Eni that it is investigating this case, and that it reserves the right to take action to try to recoup funds originating in the deal.

The full article was produced by Finance Uncovered and published on Premium Times Nigeria and on the Business section of The Times as well as a two page spread here.