Nigeria sacks seven top oil executives

[dArKeR]

The state-run Nigerian National Petroleum Corporation (NNPC) has sacked seven senior managers over multimillion-dollar fuel imports fraud, a spokesperson for the firm said on Monday.

The dismissal of the senior managers in the commercial department of the group was approved at the weekend by President Olusegun Obasanjo, Levi Ajuonuma said.

He said the action followed the recommendation of a committee set up to look into the high port fees paid on imported petrol and the alleged falsification of bills of lading, which cost Nigeria about $108-million last year.

http://www.mg.co.za/Content/l3.asp?ao=34363

[denverbill]

1. I smell a coup. Sacking oil company execs doesn't play well in Washington

Can you say Venezuala? I knew you could.

[Dover]

2. Fraud is a crime. It's theft on a grand scale. They were only 'dismissed'

What is it with White Collar crime and no real jail time for the crime? Fines and job loss are not an option to other criminals, so why white collar?

[Frangible]

3. fraud from Nigeria? NO WAY

By the way, I need to move a large sum of money out of that country, and need your help. In returns for vast sums of profit, all you need to do is wire a few thousand to...