As the world’s leading international development organization, the World Bank Group has committed to embracing diversity and inclusion in its work and workplace, and it has taken a zero-tolerance policy toward racism and any other form of discrimination.… Continue Reading
Despite beginning to open up its once-notoriously secret banking system, Switzerland remains the go-to destination for the more discerning kleptocrats and assorted lawbreakers.… Continue Reading
An excellent post on the FCPA Blog last week from Matthew McFillin and Amanda Rigby of KPMG talked about Covid-19-caused government shutdowns, and delays companies are experiencing obtaining permits, licenses, visas, and the like.… Continue Reading
Nigeria has moved to ground a luxury private jet that a former oil minister purchased by allegedly using his illicit cut of a $1.3 billion oil deal. The Nigerian government’s asset recovery lawyers seized the aircraft after it landed at Montreal-Trudeau airport towards the end of last month.… Continue Reading
Nigeria’s anti-corruption law enforcement efforts are gradually growing more effective as practitioners adapt and innovate in response to many persistent challenges. Sometimes caricatured as sclerotic, politicized, or error-prone, high-level anti-corruption efforts are becoming noticeably more innovative and pragmatic.… Continue Reading
At Global Integrity, we’re taking a close look at huge corruption scandals in three countries and the law enforcement practices used against the high-level graft. We want to know whether innovation diminishes the effectiveness of anti-corruption efforts in the three countries — or instead is helping redefine the local definition of effectiveness.… Continue Reading
Transparency International’s CPI may not be perfect, but the perception of corruption in a country matters. As one study found, if you go to a country where you expect corruption, and someone solicits a bribe from you, you are more likely to give the bribe.… Continue Reading
The World Bank Wednesday debarred two Nigerian waste management companies and their owner for five years for “engaging in fraudulent practices” involving a project in Nigeria.
The two companies, Rojoke CNE Services Ltd.… Continue Reading
A judge in London jailed two former top executives of a now-bankrupt oil exploration company to a combined 30 years in prison Monday.
Osman Shahenshah, 56, the former CEO of Afren plc, was sentenced to 16 years in prison.… Continue Reading
Two top executives of a now-defunct oil company were found guilty Wednesday of fraud and money laundering after a six-week trial in London.
Osman Shahenshah, the former CEO of Afren, and Shahid Ullah, the former COO, took $45 million from a secret deal they made with their company’s business partner in Africa.… Continue Reading