Search Results for: Nigeria

BY MARK ROWE
INTERNATIONAL organisations are supposed to help business fight off sophisticated crime networks, but now the fraudsters are turning the tables and using the good name of these institutions as part of their scams. Mark Rowe reports.

IT STARTED with a fax from a Chinese businessman to the Vienna headquarters of the United Nations Office for Drug Control and Crime Prevention (ODCCP).…

BY KEITH NUTHALL
EVERY minute of every day a million smokers light up a cigarette made by BAT and the company’s goal is that every one of them is perfect. How does BAT manage this, and at the same time meet its production, technical and environmental challenges when operations are on such a colossal scale ?…

BY ALAN OSBORN
1902-1912

British American Tobacco was created on September 29th 1902 as a joint venture between Imperial Tobacco Company of the UK and the American Tobacco Company of the US following a fierce trade war. The parent companies agreed not to trade in each other’s domestic territory and to assign trademarks, export businesses and overseas subsidiaries to the joint venture.…

BY KEITH NUTHALL
THE PRACTICE of allowing companies to deduct bribes paid to secure contracts overseas from their domestic tax bills is still widespread, with a United Nations report saying it was allowed in 50 per cent of countries surveyed. The paper on how the organisation’s 1996 declaration against Corruption and Bribery in International Commercial Transactions said that it was however banned in Bulgaria, Canada, the Czech Republic, Germany, Iceland, Nigeria, Norway, Slovenia, South Africa, Sweden, Switzerland and the UK.…

BY RICHARD HURST
SOUTH African chemical company Sasol has entered into an agreement with Nigerian national Petroleum Corporation and Chevron Nigeria to develop the Nigeria-based Escravos gas to liquids plant.…

BY ALAN OSBORN
SLOWLY but surely, the world is becoming a little more open and honest in its business transactions. Bribery and corruption have existed as long as people have traded with each other and in some parts of the world remain as matter-of-fact as ever.…

BY KEITH NUTHALL
THE INTERNATIONAL Court of Justice has announced five weeks of public hearings for a case between Nigeria and Cameroon, who are disputing their mutual maritime border. Nigerian troops currently occupy part of the disputed Bakassi peninsular, provoking the Cameroon government into launching the case, which calls for a fixing of the coastal and associated sea frontiers and the withdrawal of foreign forces.…

BY RICHARD HURST
USA President George W. Bush has approved 35 African countries as eligible for tariff preferences regarding clothing and textile exports to America under the African Growth and Opportunity Act (AGOA), with Zimbabwe and Gambia being notable sub-Saharan African pariahs from the move.…

Keith Nuthall
BACKGROUND

IN traditional ‘old economy’ sectors the malpractice of ‘passing off’ is usually pretty tough to achieve. Setting up a shop or restaurant that looks similar to an established chain can entail a lot of expense and could end in a lawsuit preventing any trading going ahead, and maybe leading to a compensation order.…

BY KEITH NUTHALL
INTERNATIONAL aid programmes are often regarded as a soft touch by criminals, who try to plunder their fat budgets, thinking that they are controlled by well-meaning innocents. Not so the World Bank; it has been investigating fraud in its development projects for years and it is getting tougher.…