– Anonymous tip sparks firestorm over Chinese giant’s financial ethics – Implications for National Integrity

A tempest brews within Nigeria’s oil sector—a clandestine storm threatening to shatter the veneer of corporate responsibility. At its epicenter stands China National Offshore Oil Corporation (CNOOC), accused in a confidential petition of evading a staggering $135 million in stamp duty during its acquisition of a substantial stake in Nigeria’s prized OML 130 oil block over a decade ago.

A confidential petition has surfaced, alleging that CNOOC evaded $135 million in stamp duty obligations during its acquisition of a substantial stake in Nigeria’s prized OML 130 oil block over a decade ago. This accusation, if proven true, casts a shadow over the integrity of international business dealings and raises profound questions about Nigeria’s sovereignty and financial stability. …CONTINUE READING