Financial Transparency Coalition

The recent conviction and sentence of an American billionaire, Bernard Madoff, to 150 years in prison for investment fraud may have again brought to the fore the need to strengthen Nigeria’s justice system in order to bring those who contravene the law, especially the rich to book. DAVIDSON IRIEKPEN writes.

The Norwegian Government has granted a total of 234 Million Kroner (Shs 8 trillion) to the Ugandan Government in support of development programmes. The grant is meant to supplement the Government’s 2009/10 budget and will focus on four priority areas; rural electrification, strengthening management of oil and gas, forestry and environment and meat export development.

The Australian: THE son of Chinese President Hu Jintao has been dragged into a corruption scandal in Africa involving a security scanning company, Nuctech, which he headed until last year.

Wall Street Journal: The Internal Revenue Service has stepped up scrutiny of offshore accounts and foreign income, an enforcement campaign that could sweep up tens of thousands of taxpayers.