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MALABO. — Equatorial Guinea said on Monday it has demanded €73 million from French oil giant Total over “fraud” in fuel sales made between 2010 and 2012.
“Following an investigation, we found a suspicious and fraudulent situation,” said Finance Minister Miguel Egonga Obiang as he announced the claim for 48 billion CFA francs.
No further details were immediately available on the alleged fraud, though Equatorial Guinea has also referred the case to its justice system.
The government of the oil-rich, sub-Saharan nation has demanded that Total come up with a proposal for a settlement, state TV reported. — AFP.
Online Reporter