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Watchdog Group: Corruption Robbed 4 African Nations of $4B

A watchdog group says four African countries lost more than $4 billion in shady oil and mining deals and calls for the Extractive Industries Transparency Initiative to police the hidden ownership of companies used for such corruption. Global Witness details contracts in Nigeria, Angola, Republic of Congo and the Democratic Republic of Congo and "lays bare how anonymous companies facilitate the loss of national wealth on an epic scale.'' The report questions the role of...

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