A Congressional probe shows how banks in the USA welcomed stolen funds from Angola, Equatorial Guinea, Gabon and Nigeria
Among the offending banks named in a new Congressional report on money laundering and corruption are HSBC Holdings, Europe’s largest bank, and Bank of America. They are accused of ...
From the surrealism of ‘missing president’ Umaru Yar’Adua, linked to the outside world via a ghostly voiced interview with the BBC, and with attendant disputes of legitimacy and sovereignty, Nigeria has solved the crisis in its own way, by effecting what some call a ‘democratic coup’. One by one, the elected institutions of state (the powerful governors’ forum and both houses of the National Assembly) and several non-elected regional councils met and agreed to support the handover to Vice-President Goodluck Jonathan.
Whatever the constitutional doubts that remain, the 9 February resolution by the National Assembly, citing the ‘doctrine of necessity’, to recognise Vice-President Goodluck Jonatha...
President José Eduardo dos Santos says he laments the rise of grand corruption in Angola as it undermines the social fabric. If so, some members of his government may be in trouble...
A plea bargain deal in the UK and USA has set back investigations into arms trade crookery in South Africa and Tanzania
The US$450 million in fines that BAE Systems agreed to pay on 5 February to halt investigations into corrupt payments on arms deals adds to its financial woes. And it covers only p...