FORBES: “Ecobank has recently been accused of organizing a $42m extortion scheme against a UAE-based company.”

https://www.forbes.com/sites/melikkaylan/2024/06/12/africa-must-cure-systemic-corruption-to-become-a-player-in-world-affairs/

“Nigeria, one of the biggest commodity-exporting economies in Africa, ranks poorly at number 145 on the Transparency International index, categorizing it as one of the most corrupt countries in the world. One of the country's largest banks, Ecobank Nigeria, a subsidiary of pan-African group Ecobank Transnational Incorporated (ETI), has recently been accused of organizing a $42m extortion scheme against a UAE-based company.”