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Nigeria’s president nominates new head of anti-graft agency

Nigeria’s president nominates new head of anti-graft agency

NIGERIA's president nominated a career employee to head the country's anti-graft agency after the previous chief was ousted amid corruption allegations, his office has announced. Abdulrasheed Bawa President Muhammadu Buhari's nomination of Abdulrasheed Bawa, a regional head of the Economic and Financial Crimes Commission (EFCC), comes seven months after he suspended previous chief Ibrahim Magu amid allegations that he had diverted funds recovered by the agency into private pockets. The EFCC is tasked with investigating and prosecuting graft in Africa's largest oil exporter and its biggest economy, which has grappled with endemic corruption for decades. If confirmed by the Senate,…
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EXCLUSIVE-Exxon and Total in talks over Mozambique LNG resource-sharing deal

EXCLUSIVE-Exxon and Total in talks over Mozambique LNG resource-sharing deal

HELEN REID, EMMA RUMNEY and STEPHEN JEWKES ExxonMobil and Total are in negotiations over their massive LNG projects in Mozambique, with each seeking to extract more gas from a shared field that straddles the two developments and cut costs, three sources familiar with the matter told Reuters. The talks between the energy majors also involve the Mozambican government, according to the sources, as it has to give final approval to any new agreement. The field that straddles the projects happens to contain gas that is thicker and therefore cheaper to extract and convert into LNG than reserves elsewhere in the…
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