Opinion

Paradise Papers exposes powerful African politicians

  In SOUTH AFRICA, an Isle of Man trust linked to former president Nelson Mandela has emerged following a legal battled waged over the trust’s million dollar bank accounts after Mandela’s death. Separately, major retail, medical and mining companies, including some with ties to South Africa’s Vice President Cyril Ramaphosa, came under scrutiny for using offshore structures. In NIGERIA, a …

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Gambia to market offshore Blocks A1 and A4; challenges APC to commence arbitration proceedings

  Gambia’s Justice Minister, Ba Tambadou  Gambia has recently announced plans to market two offshore oil blocks that it revoked from African Petroleum Corporation. The two blocks in question are A1 and A4 that were initially licensed to APC by the previous regime of Yaya Jammeh.  The license was twice revoked without public explanation, the last revocation took place few …

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1.1 billion barrels estimated by FAR in Blocks A2 and A5 in The Gambia, offshore

An Australian Securities Exchange listed oil and gas exploration and development company known in the industry as FAR Limited says that it has identified 1.1 barrels of resources in its two blocks offshore The Gambia i.e. blocks A2 and A5. The resources are in the two prospects known as “Bambo” and “Samo”.  According to company sources, operations are already underway …

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Senegal’s former Foreign Minister, Chinese businessman charged in New York with conspiracy to violate the FCPA

Joon H. Kim, the Acting United States Attorney for the Southern District of New York, Kenneth A. Blanco, Acting Assistant Attorney General of the Criminal Division of the U.S. Department of Justice, William F. Sweeney Jr., Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), James D. Robnett, Special Agent in Charge of the …

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President Barrow must put his stamp on the transition government

President Adama Barrow  When Gambians went to the polls last December 1st, their choice to lead the Coalition of 7 +1 was Adama Barrow.  He campaigned and won an election that the entire world, except Yaya Jammeh, acclaimed as free, fair and credible.  In fact,  Barrow’s election was historic as being the first time that a sitting dictatorship, with all the …

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