Monday 5 January 2015

NEW EUROPEAN LAW MAY EXPOSE NIGERIA’S CORRUPT OIL DEALS

NEW EUROPEAN LAW MAY EXPOSE NIGERIA’S CORRUPT OIL DEALS More light is set to be shed on Nigeria’s murky oil sector as a new anti-corruption rule comes into force this week in the U.K.

The UK is the first member state to implement the EU Directive on Extractive Industries, which requires detailed disclosure of a range of payments, including taxes, royalties and dividends made to governments on a country and project basis as of January 1, 2015.

Read more @ Businessday

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