Nigeria has arrested the chairman of a local oil firm, a security official said on Tuesday, as part of a widening graft investigation in Africa's biggest petroleum producer that has also netted former oil minister Diezani Alison-Madueke.
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Nigeria has arrested the head of a major local oil firm only a day after the oil giant's former petroleum minister was arrested in the UK on corruption charges. The government has said it will clamp down on graft.
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ABUJA, NIGERIA — Four long months after taking office Nigerian President Muhammadu Buhari finally announced his cabinet positions, with the most controversial and lucrative – oil – going to himself.
Mr. Buhari campaigned on a pledge to end corruption, and nowhere is that corruption more insidious than in the oil ministry of Africa’s most populous country.
Yet whether Buhari, himself a former oil minister, can clean up an industry that two years had $20 billion in missing funds is quite unclear. Critics say the new president is over-reaching with what amounts to a full-time second job.
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Five minutes into Frank Edozie’s presentation on the challenges facing Nigeria’s power industry, the electricity cut out in the Jasmine Hall at the upmarket Eko Hotel in Lagos.