When Anthony Stimler left Glencore Plc in August 2019, he had two big secrets: For a dozen years, he’d paid millions in bribes to African officials and intermediaries. And he was now helping a US Justice Department investigation into the company and numerous former colleagues.
Diezani Alison Madueke
Almost two decades after the collapse of Enron Corp., a former unit of the energy-trading giant is sparring with US and Nigerian authorities over the proceeds of the sale of a luxury yacht.
It has been a long time coming, but Savannah Petroleum has completed its acquisition of Seven Energy, broadening its focus from Nigerien exploration to including Nigerian production.
Nigeria’s state oil company recorded a loss of $1.9 billion in the first eight months of this year mainly because of fuel subsidy spending, it said in a publication that seeks to bring transparency to the organisation.