Former Zambian President Arrested Over Nigerian Oil Deal

A former president of Zambia, Mr. Rupiah Banda, was arrested on Monday by the country’s law enforcement agency over allegations of corruption and abuse of office, following a crude oil import deal with Nigeria.

Reuters reported that  Mr. Banda was also alleged to have misappropriated about $11 million during his three-year reign as president of the country.
The country’s authorities are accusing him of procuring oil which did not benefit the country. The former president was said to have imported crude oil from Nigeria, without actual deliveries, despite the fact that the funds were deposited into the bank account of his son.

Mr. Banda, who was released from police custody and is due to appear in court today, however said his arrest and the allegations against him were politically motivated.

SOURCE

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