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Zambia’s crude oil bidder in scandalous web

Times of Zambia: "ADDAX, one of the five international petroleum oil companies, which have tendered for the two-year US $1.6 billion deal to supply crude to Zambia was recently named in a multi million dollar scandal which rocked the Nigerian petroleum sector, it has been learnt. According to sources, the scandal saw the country’s oil sector regulator Tony Chikweukwe suspended during investigations into the matter. The 12 billion Naira (approximately US $90 million) controversial oil deal was brought to the fore after Starcrest, a hastily put together indigenous oil company, was floated by top Nigerian businessmen."

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