Glencore’s Billionaire Ex-oil Head Accused of Bribing NNPC, FG Officials Charged with Corruption in UK Emmanuel Addeh in Abuja The billionaire former head of oil at Glencore Plc, Alex Beard, has been charged with corruption by the UK’s top fraud agency, alongside four other ex-employees from the
commodities trader. Beard, 56, who was one of Glencore’s top executives for more than a decade before his departure in 2019, is the highest profile individual to be charged in a sweeping series of investigations
into corruption and market manipulation at the company – and one of the most senior commodity traders ever to be charged with wrongdoing. The UK’s Serious Fraud Office (SFO) accused Beard of conspiring
to make corrupt payments to benefit Glencore’s oil operations in Nigeria and other West African Countries. Specifically, the agency alleges that he conspired to make the payments to government officials
and employees of state owned oil firms in Nigeria between 2010 and 2014, and Cameroon between 2007 and 2014. But in May, the federal government said Glencore, a British mining and trading group, was
expected to pay Nigeria a $50 million penalty for bribery. Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, made Continued on page 5
House C’ttee Directs NNPC to Halt Crude-for-loan Plan, Insists Policy Depleting Revenue...Page 8 Friday, August 2, 2024 Vol 29. No 10705. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
Review Your Strangulating Policies Now, PDP Advises FG Laments life in Nigeria unbearable Urges President Tinubu to address nation, announce major policy reviews Chuks Okocha in Abuja The Peoples Democratic Party (PDP) has charged the federal government under the All Progressives Congress
(APC) to immediately review its anti-people policies that are suffocating the people and making life unbearable. PDP, in a statement by its
National Publicity Secretary, Debo Ologunagba, PDP said the nationwide protest by Nigerians would not have come if the APC government had dropped its
arrogance and insensitivity, and shown sincere commitment to the citizens by taking steps to address the current hardship occasioned by its ill-implemented polices.
PDP urged Nigerians to recall that it had on several occasions offered advice to the APC government on the state of the economy, the most recent being PDP's statement on June
6, wherein it urged that “President Tinubu should listen to the heartbeat of Nigerians. There is hunger and Continued on page 5
Protests TurnViolent as 16 Die in Borno, 6 in Niger on Day One South largely peaceful Tinubu meets Wike on FCT situation report Looting dents exercise Kano, Borno, Yobe declare curfew How Sanwo-Olu’s last minute broadcast saved day in Lagos NBA offers free legal support to protesters IG tasks officers on professionalism, threatens to deal with peddlers of fake news We’ll remain on the streets until FG yields to our demands, See story on pages 12, 27, 28 protests organisers declare, CPPE calls for suspension of action
END BAD GOVERNANCE IN NIGERIA PROTEST... Protesters of #EndBadGovernanceInNigeria, organised jointly by the various societies organisations, held at Gani Fawehinmi Park, Ojota in Lagos… yesterday