Switzerland Ready To Assist Nigeria On Alleged N1.1trn NNPC, Swiss Companies Fraud


Following a report alleging fraud in crude oil sales by a Swiss NGO, The Berne Declaration, Switzerland has announced its readiness to assist Nigeria in the ongoing investigations into the alleged more than 6.8 billion dollars (N1.1 trillion) fraudulent oil deals involving the Nigerian National Petroleum Corporation, NNPC, and Swiss oil trading companies.

Making the pledge in Abuja yesterday, Mr. Hans-Rudolf Hodel, the country’s ambassador to Nigeria, told reporters that though no formal request for assistance had been made to his government on the issue by any representative of the Nigerian government, both countries had an existing mutual legal assistance.

According to Hodel, this entails providing banking information and freezing of bank accounts, “if such accounts are identified in the criminal proceedings.”

Hodel said that the report issued by the Swiss-based NGO, which highlighted the transactions between NNPC and Swiss companies, did not represent the official position of the Swiss government.

The NNPC has dismissed the report, describing it as not well researched and the allegations unfounded.


Please enter your comment!
Please enter your name here