Britain’s Serious Fraud Office (SFO) has widened its investigation into Rolls-Royce to examine allegations of suspected bribery in Nigeria, the Financial Times (FT) reported on Thursday. Rolls-Royce, the world’s second-largest maker of aircraft engines, said in 2013 the SFO had launched a formal investigation into concerns about possible bribery and corruption in China and Indonesia. […]

In February 2014 the Central Bank of Nigeria (CBN), as part of its efforts to develop “a safe reliable and efficient payments system in Nigeria”, launched its Bank Verification Number (BVN) project. Under this initiative, All bank customers must complete biometric registration (fingerprints and photographs) and obtain a BVN, through which all transactions by that […]

The States of Jersey the biggest territory in the Channels Island is set to return £ 315 million Abacha loot to Nigeria. Micheal Birt, the Ballif of Jersey stated this at a dinner in honour of Dalhatu Tafida, Nigerian High Commissioner to the UK during a State visit to the Island. Birt who doubles as […]

(Reuters) – The United States has taken control of more than $480 million looted by former Nigerian dictator Sani Abacha and his associates after a court ruling, the Justice Department said on Thursday. The money stolen during Abacha’s 1993-1998 de facto presidency of the oil-rich African nation and stashed in banks around the world will be returned […]

According to FATF, Politically Exposed Persons are individuals who are or have been entrusted with prominent public functions both in Nigeria and abroad and those associated with them. They include heads of state or governments, governors, local … See all stories on this topic » http://allafrica.com/stories/201307100460.html