Showing posts with label Alleged Front For GEJ & Diezani. Show all posts
Showing posts with label Alleged Front For GEJ & Diezani. Show all posts

Thursday, 30 April 2015

Oil Swap Fraud: Aiteo, Alleged Front For GEJ & Diezani, In Buhari’s Cross-hairs



As President-elect Buhari’s inauguration is just four weeks away, outstanding questions remain on how he will handle the endemic corruption in the oil sector. According to a leaked Energy Compass report, the energy company Aiteo could be headed for a major investigation.
Aiteo is an alleged to be a front for some corrupt activities of President Jonathan and the Petroleum Resources Minister Diezani-Alison Madueke, according to another high-level source.
The Energy Compass report said that, “companies deemed close to the minister that could face further scrutiny include Nigerian trader, which has been criticized for unfairly exploiting its OPAs, and Atlantic Energy, which has allegedly lifted crude beyond its entitlements from the upstream SAAs.”
The report noted that Buhari could dig deeper and hold more alleged perpetrators to account than his predecessors, partly because he has staked his credentials on fighting corruption, and because of the major power shift, which is under way.
The entire report, leaked to SaharaReporters, can be found below: