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Nigerian Lawmakers Investigate Swiss Traders in Oil Scam

Nigerian lawmakers are launching an investigation into the oil industry after a financial watchdog group said Swiss traders may have been involved in what they called ‘‘one of the most massive frauds the African continent has experienced.’’ In January 2012 outraged Nigerian citizens took to the streets when fuel subsidies were cut and the price of gas and food skyrocketed. The subsidy was eventually reinstated. By then the public already knew that corrupt oil officials had...

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