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LequteMan
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Several Nigerian oil marketers, including Gunvor Group Limited and Vitol Group, have been contacted by Swiss prosecutors in a fresh investigation into an alleged multi-billion dollar scam over subsidies for petroleum product imports, Bloomberg reports.
Excerpt:
Swiss prosecutors contacted commodity traders including Gunvor Group Ltd. and Vitol Group as they assist a Nigerian investigation of an alleged multi-billion dollar scam over subsidies for oil-product imports.
Gunvor, the fifth-largest independent oil trader, said the firm was notified in June by Switzerland’s attorney general that it was assisting a probe by Nigeria’s Economic and Financial Crimes Commission of fraud involving local fuel importers.
“The Swiss authorities have requested from Gunvor assistance in gaining understanding about product trading in Nigeria,” Seth Pietras, a Geneva-based spokesman for the commodity trader, said in an e-mailed response to questions.
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#Nigeria #Bloomberg #EFCC
Excerpt:
Swiss prosecutors contacted commodity traders including Gunvor Group Ltd. and Vitol Group as they assist a Nigerian investigation of an alleged multi-billion dollar scam over subsidies for oil-product imports.
Gunvor, the fifth-largest independent oil trader, said the firm was notified in June by Switzerland’s attorney general that it was assisting a probe by Nigeria’s Economic and Financial Crimes Commission of fraud involving local fuel importers.
“The Swiss authorities have requested from Gunvor assistance in gaining understanding about product trading in Nigeria,” Seth Pietras, a Geneva-based spokesman for the commodity trader, said in an e-mailed response to questions.
click here to read more
#Nigeria #Bloomberg #EFCC