Nigeria: Afren probe widens

Issue 284 - 12 Sep 2014 | 1 minute read

London-based Afren has suspended two more directors as part of an investigation into the receipt of unauthorised payments. The company suspended Iain Wright and Galib Virani on 28 August after finding that they had received payments linked to the previously identified transactions for the benefit of chief executive Osman Shahenshah and chief operating officer Shahid Ullah, who were suspended on 31 July. The payments were not made by Afren, the company said.In a note to its H1 accounts, Afren said the board had engaged lawyers Willkie Farr & Gallagher (WFG) to conduct an independent review into three transactions between Afren and its partners in 2012 and 2013.

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