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Nigeria

Access Bank subsidiary rejects money-laundering allegations in Congo
Business & Finance

Access Bank subsidiary rejects money-laundering allegations in Congo

  • The Agency for the Prevention and Fight Against Corruption (APLC) is investigating allegations by a former Access Bank employee that it laundered money for companies which were under US sanctions.
  • Access Bank said, an independent audit "did not reveal any anomalies or malfunctions that could confirm these illicit practices".
Published 17 Dec, 2020 12:34am
UK court allows Nigeria more time to appeal in $10bn dispute
World

UK court allows Nigeria more time to appeal in $10bn dispute

  • Process & Industrial Developments (P&ID) won a $6.6 billion arbitration award after a 2010 deal to carry out a gas project in Nigeria collapsed.
  • Nigeria has alleged corruption in the contract and the ruling will allow the government more time to investigate.
Published 04 Sep, 2020 05:28pm