Swiss Govt Ready To Assist Nigeria On Alleged N1.1trn NNPC Fraud

Switzerland has pledged to assist Nigeria in the investigation of fraudulent oil deals between Nigerian National Petroleum Corporation, NNPC, and Swiss oil trading companies to the tune 6.8 billion dollars (N1.1 trillion). 

Swiss Ambassador to Nigeria, Mr. Hans-Rudolf Hodel revealed yesterday in Abuja, Hodel also told reporters thats no formal request has been made by the Federal government of Nigeria but both countries have an existing mutual legal assistance.
This, he said, entails providing banking information and freezing of bank accounts, “if such accounts are identified in the criminal proceedings.” Hodel said that the report issued by the Swiss-based NGO, Berne Declaration, which highlighted the transactions between NNPC and Swiss companies, did not represent the official position of the Swiss government.


Vanguard