Nigerian oil execs to stand trial in London

Two former executives of Afren, a dissolved upstream company operating in Nigeria, are set to stand trial in London this week, local and international media reported Monday.

The trial, to be held at Southwark Crown Court, is expected to last six weeks, Punch reported.

The UK Serious Fraud Office charged the former CEO and COO of upstream company Afren with fraud last year.

Osman Shahenshah and Shahid Ullah were charged with two counts of fraud by abuse of position, under sections 1 and 4 of the Fraud Act 2006; one count of money laundering, under section 328 of the Proceeds of Crime Act 2002; and one count of money laundering, under section 329 of the Proceeds of Crime Act 2002.

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