Addax shuts international offices after Nigerian bribery case

Chinese-owned oil firm Addax Petroleum is shutting its offices in Geneva, Houston and Aberdeen, it said on Monday, a month after it agreed to...

EFCC recovers N328.9bn from nine oil marketers

The Economic and Financial Crimes Commission, EFCC, Kano Office, has recovered a sum of N328,988,296,990.62 (Three Hundred and Twenty Eight Billion, Nine Hundred and...

Three PIB related Bills scale second reading in Nigeria’s Senate

In keeping with its promise to fast-track the passage of all relevant laws that will reposition the nation’s oil industry in line with global...

Court of Appeal affirms conviction of five Filipinos, four Bangladeshi over oil theft

The Court of Appeal, Lagos Division, on Monday affirmed the judgment of a Federal High Court in Lagos which sentenced nine foreigners to five...

Taleveras denies lifting crude from Atlantic Energy

The attention of Taleveras legal team have been drawn to online publications related with a case against Atlantic Drilling Fluids, this legal case is...

$1.2bn from Taleveras, Glencore & Arcadia allegedly used by Kola Aluko to bribe Alison-Madueke

According to SaharaReporters, finer details have emerged from the assets forfeiture proceedings filed against Mrs. Diezani Alison-Madueke and Messrs. Olajide Omokore and Kola Akanni...

Panoro provides update on dispute with JV partners over Lagos oilfield

Panoro Energy ASA (“Panoro”) (OSE ticker: “PEN”) provides an update on the dispute between its subsidiary, Pan Petroleum Aje Ltd. (“Pan Petroleum”), and the...

U.S. Justice Dept. moves to recover $100m in corrupt proceeds from Nigeria’s oil sector

The Department of Justice announced today the filing of a civil complaint seeking the forfeiture and recovery of approximately $144 million in assets that...

Enugu DisCo managers jailed for 3 months over crazy bills

An Anambra State High Court sitting in Onitsha on Tuesday jailed the Manager and Marketing Manager of the Enugu Electricity Distribution Company Onitsha district...

Addax agrees to pay 31m Sfr to settle Swiss bribery charges

The Geneva prosecutor's office said on Wednesday that Addax Petroleum has agreed to pay 31 million Swiss francs ($32 million) to settle charges of...

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