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Oil tycoon faces quiz over lost billions

Screen Shot 2015-09-17 at 07.55.40Article involving Diezani Alison-Madueke, former executive director of Shell in Nigeria

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Screen Shot 2015-10-12 at 15.59.11BRITAIN has launched an investigation into a Nigerian oil tycoon at the heart of a search for tens of billions of dollars in revenues that went missing from the coffers of Africa’s most populous nation.

Kola Aluko, founder of London-based Seven Energy, rose from obscurity to fabulous wealth during the tenure of former oil minister Diezani Alison-Madueke. She held power for five years before leaving in May, when new president Muhammadu Buhari won power on a pledge to stamp out corruption. Under her watch the national oil company allegedly failed to pay as much as $20bn (£13bn) owed to the state.

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