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| Permalink View Article Stats (2 comments) Scandal Brewing Over Nigerian Fuel Imports Quicklink submitted by Scott Baker (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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(from Wikileaks): A scandal is brewing in Nigeria over prices paid by the government for imported fuel. International fuel traders have been falsifying the dates of bills of lading to reflect particularly high market prices, overcharging the Nigerian National Petroleum Corporation (NNPC) by $300 million or more. On April 2, Chris Finlayson, Chairman and Managing Director of Shell Petroleum Development Corporation of Nigeria (SPDC), told Consul General and Econoff that a scandal is brewing within the NNPC over payments made to international fuel marketers. Finlayson said some marketers have been changing the dates when fuel shipments bound for Nigeria were loaded in order to take advantage of particularly high market prices. He said the total overpayment by NNPC may be as high as $330 million. |
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BLUF Protest Day 4
by Scott Baker on Friday, Jan 13, 2012 at 3:31:54 AM
On the Front Lines
by AAA AAA on Friday, Jan 13, 2012 at 1:42:09 PM