:Singapore's Olam Group said on Monday its investigation team did not identify any evidence that its Nigeria unit was involved in an alleged multi-billion dollar foreign exchange fraud.Last year, the Daily Nigerian and Prime Business Africa had reported that Nigeria's secret police was investigating the compa
By Amanda Lee Olam Group shares rose in early trading after the food and agri-business company said an independent committee found no evidence to support.
Singapore’s Olam Group has said its investigation team did not identify any evidence that its Nigerian unit was involved in an alleged multi-billion dollar foreign exchange fraud. Last year, the Daily Nigerian and Prime Business Africa reported that Nigeria's secret police, the Department of State Services (DSS), was investigating the company's units, Olam Nigeria and Olam International, and their associate firms for over $50 billion foreign exchange fraud.