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Nigeria arrests oil tycoon as corruption probe widensBy Julia Payne and Felix Onuah ABUJA (Reuters) - Nigeria has arrested the chairman of a local oil firm, a security official said on Tuesday, as part of a widening graft investigation in Africa's biggest petroleum producer that has also netted former oil minister Diezani Alison-Madueke. Days after British police detained Alison-Madueke, one of Africa's most powerful women, the official said their counterparts in Nigeria's Economic and Financial Crimes Commission (EFCC) had arrested Atlantic Energy chairman Olajide Omokore on corruption and money laundering charges. The arrests, which follow pledges by President Muhammadu Buhari - a former military dictator - to "clean up" Africa's biggest economy, have sent shockwaves through Nigeria's globe-trotting corporate and political elite. Rest of Article here: Is this just a strategy to support a "more for me" approach or does Buhari really mean business? Will we see a "coincidental" drop in line losses as people try to stay under the radar? |
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