EconomyLens.com
No Result
View All Result
Wednesday, March 18, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Ex-OPEC president denies bribe-taking at London corruption trial

Thomas Barnes by Thomas Barnes
January 29, 2026
in Economy
Reading Time: 5 mins read
A A
0
23
SHARES
285
VIEWS
Share on FacebookShare on Twitter

Alison-Madueke has been involved in numerous legal cases around the world. ©AFP

London (AFP) – Lawyers for Diezani Alison-Madueke, the first woman president of OPEC, denied in a London court Thursday that the former Nigerian minister took bribes in their first formal response at her corruption trial. The 65-year-old, who sat in the dock at Southwark Crown Court taking notes on the third day of the trial, is accused of multiple bribery counts stemming from a years-long investigation. The alleged offences occurred between 2011 and 2015, when she was Nigeria’s oil minister but maintained a UK address. The UK National Crime Agency (NCA), which targets international and serious and organised crime, has accused her of receiving the bribes in Britain.

Related

Why convoys cannot fully protect oil tankers from Iran attacks

Chinese visitors to Japan plunge 45.2% in February

US airlines still see strong demand as jet fuel worries loom

Israel vows to find and ‘neutralise’ Iran’s new supreme leader

SAS cancels flights after fuel prices surge

Prosecutors earlier this week claimed Alison-Madueke enjoyed a “life of luxury” funded by those who were interested in lucrative oil and gas contracts with Nigeria’s state-owned petroleum corporation. However, defence lawyer Jonathan Laidlaw told the jury Thursday that “a great deal of material which would have established her innocence, has been denied to her” during the “gross delay in the bringing of these charges”. “She has been denied the opportunity to travel back to her home in Nigeria to prepare her defence,” he told the 12 jurors, noting British police had retained her passport since she was first arrested 11 years ago. Laidlaw said that “Nigerian ministers are forbidden from having bank accounts abroad”. He added that papers at her home in Nigeria or kept by officials “would have demonstrated that where individuals provided her with accommodation in this country or paid for purchases… reimbursement was made from Nigeria”.

But the defence lawyer noted more than a decade later “those records have disappeared” and “the fact is that material critical to her defence is now no longer available to her”. Alison-Madueke is accused of accepting “financial or other advantages” from individuals linked to the Atlantic Energy and SPOG Petrochemical groups. Both companies secured contracts with the Nigerian National Petroleum Corporation (NNPC) or its subsidiaries, according to the prosecution. The former minister is also said to have received £100,000 ($137,000) in cash, chauffeur-driven cars, a private jet flight to Nigeria and refurbishment work and staff costs at several London properties. Other counts allege she received school fees for her son, products from high-end shops such as London’s Harrods department store and Louis Vuitton, and further private jet flights.

President of the Organisation of Petroleum Exporting Countries (OPEC) between 2014 and 2015, Alison-Madueke has been involved in numerous legal cases around the world, including in the United States. She has been on bail in Britain since she was first arrested in October 2015. In 2023, she was formally charged with accepting bribes, which she has denied. Two others, Doye Agama — her brother — and Olatimbo Ayinde, are also being prosecuted on bribery charges linked to the case. All three defendants had a British address at the time of the alleged offences, according to the prosecution.

© 2024 AFP

Tags: corruptionNigeriaOPEC+
Share9Tweet6Share2Pin2Send
Previous Post

Oil jumps on Trump’s Iran threat; gold retreats from highs

Next Post

With Trump administration watching, Canada oil hub faces separatist bid

Thomas Barnes

Thomas Barnes

Related Posts

Economy

War fuels fears of new oil crisis

March 17, 2026
Economy

EU to help reopen blocked oil pipeline in Ukraine

March 17, 2026
Economy

Germany targets oil firms to prevent wartime price gouging

March 17, 2026
Economy

Migrant workers bear brunt of Iran attacks in Gulf

March 17, 2026
Economy

Talks towards international panel to tackle ‘inequality emergency’ begin at UN

March 17, 2026
Economy

Stagflation risk in US ‘quite high’: Nobel-winning economist Stiglitz

March 17, 2026
Next Post

With Trump administration watching, Canada oil hub faces separatist bid

What are the key challenges awaiting the new US Fed chair?

With Trump administration watching, Canada oil hub faces separatist bid

What are the key challenges awaiting the new US Fed chair?

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

96

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Stocks fall, oil surges as US inflation jumps and Israel strikes gas facilities

March 18, 2026

Why convoys cannot fully protect oil tankers from Iran attacks

March 18, 2026

EU lawmakers back ban on sexualised AI deepfakes

March 18, 2026

Brussels touts ‘EU Inc.’ company status to lure start-ups

March 18, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.