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Nigeria Finance Cleanup Gains Momentum |
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The Wall Street Journal August 6, 2010 By Will Connors LAGOS, Nigeria—Two top Nigerian stock-exchange officials were removed and a fugitive former bank executive surrendered, as efforts to clean up the financial sector accelerate. These developments, together with an expected cabinet reshuffle by President Goodluck Jonathan, come just months before January presidential elections. Mr. Jonathan's effort to project a cleaner government is considered a centerpiece of his election platform—though he has yet to officially declare his candidacy—and a former head of the country's financial crimes watchdog is expected to run against him. Read more... |
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Rep. Levin could punt energy bill to September |
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The Hill July 20, 2010 By Jay Heflin
House Ways and Means Chairman Sandy Levin (D-Mich.) is unlikely to mark up a green energy jobs bill before the August recess, sources told The Hill. Democrats on the tax-writing committee are apparently apprehensive about moving forward on a bill that increases taxes right before they leave town to campaign for reelection. Read more... |
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Egypt no. 2 in Africa in smuggling money |
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Bikya Masr June 30, 2010 By Mohamed Abdel Salam CAIRO: An independent American Report ranked Egypt second in a list of the worst five African countries in terms of smuggling of money. Morocco and Algeria also topped the report issued by the Global Financial Integrity Organization, an American-based NGO. The report, issued in June, revealed that the volume of money that had been smuggled out of the five African countries during the past four decades has exceeded $210 billion, more than half of which was smuggled out of three Arab countries. Read more... |
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Corruption fight begins at home |
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Boston Globe
June 25, 2010 By Garry Emmons
DURING THE G8/G20 summits that begin today in Canada, the global economy and international development will be topics of earnest discussion. Lurking at the margins of this polite conversation will be the skunk at the garden party: corruption. Everyone’s against corruption, or so they say. But virtually every country in the world is awash in cross-border flows of corrupt, criminal, and tax-evading money. To Western eyes, the Third World is the locus of this shady behavior. Yet the rich and powerful countries, the winners that write the rules for the global financial system, are corruption’s pinstriped enablers. Read more... |
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West Africa ‘under attack’ by gangs |
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Financial Times June 17, 2010 By Tom Burgis
Lagos, Nigeria—Niger’s observance of Islam is not overly strict, but the preponderance of gin bottles on stalls lining its pitted roads is still a surprise. The vessels reveal on closer inspection, however, that they no longer contain liquor but something far more potent: bootleg fuel. Read more... |
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