Oil-majors

Oil majors, banks face probe over $62b capital flight

Oil majors, banks face probe over $62b capital flight

THE Senate has begun investigation into activities of some banks for allegedly colluding with some International Oil Companies, IOCs, to defraud Nigeria. This is as over $62,909,716,417 was said to have been taken out of the country between August 2009 and December 2014 in suspicious circumstances.