OPL245 Scam: Global coalition urges World Bank group not to protect oil giants from probe

By Gabriel Akinola

A World Bank affiliated group may scuttle Nigeria’s bid to successfully prosecute illicit funds associated with the controversial OPL 245, a coalition of international anti-corruption groups has said.

In a letter made available to Irohinoodua addressed to the Chairman, International Centre for Settlement of Investment Disputes (ICSID), David Malpass, the groups raised critical issues concerning ICSID lack of diligence in dealing with serious corruption cases in Nigeria warning that the posture of the ICSID may have with far reaching consequences across the global anti corruption campaign especially as it affects oil giants. The petition was titled  “ICSID: Concerns over (1) lack of clear regulations governing cases involving corruption; and (2) the adjudication of cases where underlying Bilateral Investment Treaties (BITS) do not require compliance with host country law.” https://www.irohinodua.org/opl245-scam-glob…iants-from-probe/