The House of Representatives has ordered an immediate investigation into a multibillion dollar scheme used by the Nigerian National Petroleum Corporation NNPC, in connivance with Swiss oil dealers, to rip Nigeria of nearly $7 billion.
As earlier reported by PREMIUM TIMES, the schemes, documented in a report titled Swiss Traders' Opaque Deals in Nigerian, released last week Monday by Swiss non-governmental advocacy organisation, the Berne Declaration, involved the NNPC teaming with major Swiss oil trading companies to drain Nigeria of revenue through the sale of crude oil below the market value.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article