How we were frustrated in Nigeria, by Stanley, General Counsel from US

... Attempt to Track Stolen Crude In this interview with attorney Jerome Stanley, General Counsel of the LOUMOS Group, Houston, Texas, speaks of the frustrations he encountered in Nigeria when he visited; but it nevertheless suggests the best way in which the nation can recover the funds that have accumulated from



 the sale of stolen oil from Nigeria. Jerome Stanley Understanding the problems Initially, it was decided that we would start cases against companies that we thought were selling undeclared (stolen) oil and decided to sue Nigerian subsidiaries and adjudicated cases in Nigeria. But because of what has happened and gone by and has not progressed as much as we hope to achieve, we have decided that we believe that the best way to do this is that, instead of suing sellers in Nigeria, it can involve buyers in the United States and ask them to give us information about the transactions that took place so we can work back so we can find out where the money they actually paid actually ended. What do you achieve by working backwards? We believe that if we do so, working backwards and instead of starting from Nigeria, we can start with the subsidiaries of companies in the United States and take them to their place here in the United States where we believe we have a very good chance of success Why does success seem elusive? It has been very difficult for us to obtain information from the Nigerian government branches on payments so that we can try to match payments with deliveries to the United States. That, and the justice system in Nigeria and the inability of someone in Nigeria to compel the accused to give them information, is very difficult to force an accused in a case in Nigeria to give him information he needs to prove his case. In the United States, you can force an accused, the court would force the accused to give you the information you need so you can have that information to prove your case. In all cases, the accused has all the information. The plaintiff has only parts of the information he can gather. The defendant has the information and if the defendant is not required by the court to give the plaintiff the information, it is very difficult to win. If we want to move forward and if we want to get results, we have to start in the United States because we can get information from the oil buyers that we need to track the oil sellers and we can track the money from the sellers to the big banks in New York, which then transfer the money to Nigeria. That way, we can figure out who they were dealing with and where the money went. Message to Nigerians There is a lot of money that has been taken from the Nigerian people. They deserve to recover

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