Friday, April 19, 2024

Former OPEC President to be Extradited Back to Nigeria

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Fred Dzakpata
Fred Dzakpata
Fred Dzakpata is a Ghanaian journalist who specializes in business reporting in Africa.

Nigeria’s Economic and Financial Crime Commission (EFCC) has revealed it is waiting for the deportation of its Former oil Minister Diezani Alison-Madueke from the UK to face trial back home.

The trial of Diezani Alison-Madueke who doubles as the first female president of OPEC is said to be dragging in the UK.

Madam Alison-Madueke served as petroleum minister of Nigeria between 2010 and early 2015 under then Nigerian president Goodluck Jonathan.

She was arrested in 2015 in London as part of a two-year-long investigation by the UK National Crime Agency (NCA) into global corruption, bribery, and money laundering.

Alison-Madueke is still on bail after being questioned in the United Kingdom over the issue.

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Police  suspects  Alison-Madueke was involved in siphoning off billions of U.S. dollars from Nigerian oil deals and state accounts when she was overseeing Nigeria’s oil industry, for personal benefits, including for buying luxury homes in London and in Nigeria’s capital Abuja.

Investigation by Nigerian officials revealed there were no formal contracts between the Nigerian National Petroleum Corporation (NNPC) and trading companies that received 24 billion dollars’ worth of Nigerian crude oil between 2011 and 2014 under her watch.

According to the results of the investigation, Alison-Madueke illegally allowed for a swap of Nigerian crude oil for refined products to trading firms Duke Oil and Trafigura.

The former Nigerian oil minister denies wrongdoing. Now Nigeria seeks extradition from the UK to put her on trial at home.

 

 

Source: Africafeeds.com

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