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High Street Banks
October 13th, 2010
The watchdog organization Global Witness released a report this week exposing ties between a number of British High Street bankers and corrupt Nigerian officials. The report detailed the reprehensible actions of Barclays, NatWest, RBS, HSBC and UBS, which for years took money from Nigerian officials. As we are all acutely aware, such corruption fuels poverty, entrenches dishonest politicians, and exacerbates obstructions to development for many countries. I want to be surprised. Really, I do. They just make it so hard for me. Each of those banks has been embroiled in scandal at one point or another in the...
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International Thief Thief: How British Banks are Complicit in Nigerian Corruption
October 11th, 2010
LONDON—British high street banks have accepted millions of pounds in deposits from corrupt Nigerian politicians, raising serious questions about their commitment to tackling financial crime, warned Global Witness in a report published today. By taking money from corrupt Nigerian governors between 1999 and 2005, Barclays, NatWest, RBS, HSBC and UBS helped to fuel corruption and entrench poverty in Nigeria.
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Lax UK bank oversight aids Nigeria graft -watchdog
October 11th, 2010
LAGOS, Oct 11 (Reuters) - Britain needs to enforce money laundering regulations more strictly after some of its leading high street banks accepted millions of pounds in deposits from corrupt Nigerian politicians, a graft watchdog said on Monday.
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British Banks Complicit in Nigerian Corruption, Court Documents Reveal
October 10th, 2010
LONDON—British high street banks have accepted millions of pounds in deposits from corrupt Nigerian politicians, raising serious questions about their commitment to tackling financial crime, warned Global Witness in a report published today. By taking money from corrupt Nigerian governors between 1999 and 2005, Barclays, NatWest, RBS, HSBC and UBS helped to fuel corruption and entrench poverty in Nigeria.
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