By Lionel Faull & Oladeinde Olawoyin

(This story was first published by the Premium Times in Nigeria).

Serious disruption to court systems around the world caused by the global Covid-19 crisis is having a major impact on Nigeria’s struggle to claw back billions of dollars it claims was looted from the country via one of the most “corrupt” oil deals in corporate history.

As much as $5.5 billion could be at stake for Nigeria in its efforts to seek justice over the notorious OPL245 deal dating back to 2011, which it claims consists of allegedly stolen funds and damages. 

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This is a brilliant opportunity to join an innovative and growing organisation working on “Follow the Money” projects with emerging investigative centres, global media and committed activists around the world. 

We require a senior tax journalist who can provide us with additional capacity in investigative reporting and editing – and who has a track record breaking significant tax-oriented and financial stories.

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We are delighted to invite applications from journalists, campaigners and academics based in AFRICA who would like to attend our five-day financial investigative journalism and digital security training course in NAIROBI.

The dates for our Nairobi training will be: Monday 29 June 2020 – Friday 3 July 2020.

The deadline for applications is Monday 9 March at 18h00 GMT.

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Bawdwin will be Myanmar’s most lucrative mine when it starts operations early next year. By 2023, it will be one of the world’s top producers of silver and lead.

Profits to the Bawdwin Joint Venture (BJV) consortium will likely reach US$1.1 billion.

Despite this projected windfall, BJV, consisting of Perth-based Myanmar Metals, Win Myint Mo Industries and East Asia Power, is applying to the Myanmar authorities for a seven-year corporation tax holiday worth an estimated $163m.

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Secret documents suggest Namibia’s central bank gave Isabel dos Santos’s bank the green light to open branches in the southern African nation without completing due diligence on her businesses.

Namibian financial regulators also allowed the bank to trade even though it was completely owned by overseas shareholders. This is in direct contravention of Namibian policy objectives aimed at capping foreign ownership in key business sectors.

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The UK anti-fraud agency has posted an official notice detailing for the first time part of the vast wealth acquired by Gulnara Karimova (pictured below), the hugely controversial daughter of Islam Karimov, the long-serving former president who died after a stroke in 2016.

A jet-setting socialite who was dubbed the “robber baron” of Uzbekistan for allegedly abusing her position as the daughter of the country’s dictatorial president is linked to a sumptuous Surrey mansion with a private boating lake, a new Serious Fraud Office (SFO) document suggests.

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by Margarida Fontes and Margot Gibbs

Cape Verde’s finance minister has ordered an immediate investigation into how a bank owned by controversial billionaire Isabel dos Santos was granted a licence to operate in his island nation.

Olavo Correia, who is also the deputy prime minister, has instructed the country’s officials to launch a probe after he was shown details of a Finance Uncovered investigation into Ms dos Santos’s business in Cape Verde.

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A major leak of secret documents detailing the finances of Africa’s richest woman has raised serious questions about the role played by the winter sun islands of Cape Verde as she built her controversial business empire across the world.

The cache of files, known as the Luanda Leaks, show how Isabel dos Santos, the billionaire daughter of Angola’s former president, used her own bank on the trendy tourist archipelago to route millions of dollars in payments from Chinese and European contractors working on construction projects in her father’s country.

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ConocoPhillips, the US oil giant, has finally paid tax to Vietnam on a $896m gain from the sale of two oil fields in 2012 – marking a significant climbdown amid embarrassing legal action and international criticism.

Conoco’s “capitulation” comes after Finance Uncovered revealed in 2018 the company was using an obscure British law to try and avoid a Vietnam capital gains tax bill estimated to be worth up to $179m.

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Finance Uncovered worked with the Organized Crime and Corruption Reporting Project (OCCRP), The Times and a host of other news organisations (see below) to shine a light on a murky corner of the UK’s corporate laws – an aspect that makes Britain so attractive to money launderers, fraudsters, and kleptocrats. Read More