Takeaways on building a #ClimateRevolution on the road to COP26 globalwitness.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalwitness.org Daily Mail and Mail on Sunday newspapers.
The EU's carbon border adjustment mechanism – or CBAM – entered with a bang last week when a draft of the EU’s upcoming new regulation was leaked to the press. The document raised as many questions as it answered, however.
How 130 Dubai Assets Were Traced To Nigerian Ex-Governors, Senators saharareporters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saharareporters.com Daily Mail and Mail on Sunday newspapers.
Abdulrasheed Baea, EFCC Chairman
More than 130 choice assets have been bought with looted funds in Dubai, United Arab Emirates (UAE), by some ex-governors, ministers and senators.
These assets are among the over 800 traceable to Nigerians in the UAE, including top security and military officers.
Four areas have been identified through which the nation’s resources are looted.
These are Bribery and corruption, proceeds from commercial tax evasions, illicit activities engaged in by corporations and business ventures and proceeds derived from criminal activities.
The Nigeria’s oil and gas sector is belived to have contributed 92.9 per cent of the total amount in Illicit Financial Flows (IFFs) .
NGOs and activists are today disappointed and outraged as Shell and Eni - two of the worlds biggest polluters - were found not guilty of corruption relating to the purchase of a Nigerian oilfield, in a Milan trial. Global Witness urges the prosecution to consider all options to appeal this verdict and continues to follow ongoing criminal investigations into the case in Nigeria and the Netherlands.
Barnaby Pace, Senior Campaigner at Global Witness, said:
“Today s legal verdict is a disappointment but it will not stop us in our unrelenting quest to ensure accountability in the fossil fuel industry.
“We urge the Milan prosecutor’s office to consider all options for an appeal. We await the details of how the judges reached this ruling, but believe that this verdict shows just how hard it is to hold the fossil fuel industry to account.