Search Results for: Nigeria

BY KEITH NUTHALL
The UN Environment Programme says that within five years most African countries will be close to phasing out leaded petrol. Egypt, Libya, Mauritius and Sudan – are already lead-free, to be joined this year by Morocco, Reunion and Tunisia.…

Keith Nuthall
A CRIMINAL group based in the Lebanon is stealing multi-million dollar cargoes, the International Chamber of Commerce’s International Maritime Bureau (IMB) has warned. It has reported that the group is running at least two vessels off the eastern Mediterranean, north African, and west African coasts, which they use to divert cargoes from their agreed destination.…

BY KEITH NUTHALL
WAY back when….last December….the International Maritime Organisation agreed a compulsory maritime security code for its member countries, covering ships and ports involved in international trade. Governments have to write the code into their laws by December 31 and shipping companies and port authorities are supposed to comply by June 2004.…

BY KEITH NUTHALL
AGREEMENT on legislation lowering the maximum level of sulphur content in European Union (EU) diesel and petrol to 10 ppm has been struck by the EU Council of Ministers and the European Parliament. They agreed these low sulphur fuels must be available throughout the EU from January 1, 2005, and mandatory from January 1, 2009.…

BY KEITH NUTHALL
THE EUROPEAN Union and its allies at the World Trade Organisation’s (WTO) negotiations over the creation of a global register for protected geographical indications in the wine and spirit trade have made a significant concession, which may be the basis for a future deal.…

BY KEITH NUTHALL
THE EUROPEAN Union and its allies at the World Trade Organisation’s (WTO) negotiations over the creation of a global register for protected geographical indications in the wine and spirit trade have made a significant concession, which may be the basis for a future deal.…

BY KEITH NUTHALL
TOO many cooks spoil the broth. Or do they? As far as the world’s fight against money laundering is concerned, the World Bank and the International Monetary Fund think that they can bring extra flavour to the struggle waged by the OECD’s Financial Action Task Force (FATF).…

BY RICHARD HURST
MONEY laundering is all about fake respectability, transforming the seedy and ill-gotten into the legitimate and well-earned; so in Africa, where better to launder criminal money than through the continent’s most developed economy, South Africa.

Mike Savage, partner at Ernst & Young South Africa, said that the biggest problem facing African governments wanting to seriously tackle money laundering is to pinpoint the movement of funds that are moved across porous borders in a bid to cover tracks and conceal sources.…

Keith Nuthall
THE UNITED Nations’ (UN) International Court of Justice has fixed the disputed maritime boundary between Nigeria and Cameroon, having decided that the contested Bakassi Peninsula should be considered part of Cameroon.

The court ruled that the maritime boundary should be set from the point of intersection of the centre of the navigable channel of the Akwayafe River with the straight line joining Bakassi Point and King Point, with many elements following previous Cameroon-Nigeria agreements dating back to the 1970’s.…

BY ALAN OSBORN
FOLLOWING “significant reforms” to its anti-money laundering system, Russia

has been removed from the list of non-cooperative countries maintained by

the Financial Action Task Force on Money Laundering, its parent body, the

OECD, has announced.

FATF president Jochen Sanio said Russia had given “strong assurances that

it will bring to a completion this reform process and the

implementation of its anti-money laundering framework.”…