UNGA: Nigeria’s minerals deposit worth $700bn – AlakeÂ
Minister of Solid Minerals Development, Dele Alake, says Nigeria is ready to play an important role in meeting the global demand for critical minerals. Alake who was…
Glencore indicted in bribery scandal, used private jets to move bribe money for Nigerian officials, others
Nov. 3, 2022 …Top officials of company to be sentenced this week Glencore, headquartered in Switzerland owned up to seven counts of bribery in markets comprising Cameroon and Nigeria after…
Nigeria loses compensation bid over Glencore bribery
October 27, 2022 Nigeria’s bid to claim compensation from a British subsidiary of mining and trading group Glencore over bribes paid to officials at Nigeria’s state oil company was denied…
Heads to roll in Presidency, NNPC as UK probes Glencore oil deal in Nigeria
Months after the United States Commodity Futures Trading Commission commenced investigation on a global oil trading firm, Glencore Plc, for alleged ‘corrupt practices’ in Nigeria, the Democratic Republic of Congo,…
Africa has all ingredients for a new era of success
By: NJ Ayuk If you follow news about Africa, it’s easy to find disheartening headlines about the continent’s struggles. But those stories do not paint a complete picture….
Glencore chairman leads investigation in alleged Nigeria bribe
The chairman of Swiss-headquartered mining company Glencore plc and two other directors formed a new committee to respond to the United States Department of Justice, DOJ’s, subpoena related to compliance…
US authorities probe firm over Nigeria dealings
The law firm of Kirby McInerney LLP is investigating potential claims against mining giant Glencore plc over possible under-hand dealings in its operations in Nigeria, Venezuela and Congo DR. The…
IMF resumes lending to Chad following Glencore debt deal
April 14, 2018 The International Monetary Fund said on Saturday it is disbursing loan to Chad after the country reached an agreement in principle to restructure its more than one…