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World Bank President, Mr Paul Wolfowitz, has stated that about $300 billion oil wealth has been stolen from Nigeria in the last four decades. Wolfowitz however, praised President Olusegun Obasanjo for the fight against corruption singling out the Economic and Financial Crimes Commission (EFCC), Chairman, Mallam Nuhu Ribadu, as a remarkable man fighting to rid Nigeria of coruption. The World Bank President who spoke yesterday at the opening ceremony of the Extractive Industries Transparency Initiative (EITI) Third Plenary Conference in Oslo, Norway, also painted a gloomy picture of the poverty level in Africa. According to Wolfowitz, "20 years ago, there...

Testimony links firm to Jefferson probe In papers filed with the FBI, Suleiman YahYah, a Nigerian businessman listed as a target in the ongoing probe of Rep. William Jefferson, D-New Orleans, said that one of the 2004 meetings he attended with Jefferson and iGate Inc. CEO Vernon Jackson, occurred in the Washington offices of Worldspace Inc., an international satellite radio provider. YahYah's statement is the first to provide any kind of link between iGate and Worldspace, whose CEO, Noah Samara, said in a June filing with the Securities and Exchange Commission that he turned over documents and gave testimony to...

U.S. Probe Roils Nigeria PoliticsBy DULUE MBACHU LAGOS, Nigeria - A corruption investigation in Washington has roiled Nigeria, leaving the top two leaders publicly trading allegations and nudging a politically volatile country closer to the brink. Nigeria's president claims his estranged vice president is implicated in the bribery case against a U.S. legislator, and the vice president has responded with damaging allegations of his own against the president. The very public feuding in a country where politics often erupts into violence is particularly disturbing for Nigerians because presidential elections in which the vice president is expected to run are just...

WASHINGTON The cooling-off period ends today on documents temporarily sealed by President Bush in the bribery case of Congressman William Jefferson. The Louisiana Democrat has been the focus of prosecutors and investigators who suspect him of taking 400-thousand dollars in bribes from a business executive. Bush placed materials seized from Jefferson's Capitol Hill office off limits for 45 days, but that time is up. A court will decide if the F-B-I's searches in May were an unconstitutional intrusion. Until a judge rules, prosecutors won't examine the materials agents seized.

NEW ORLEANS (Reuters) - A U.S. congressman from Louisiana, under investigation by the FBI after they found $90,000 in cash in his freezer, was endorsed by New Orleans Mayor Ray Nagin on Saturday and vowed that allegations of bribery would not hurt his re-election campaign. "I have been effective, and I will continue to be," Democratic Rep. William Jefferson said as he opened his campaign for re-election in November 7 congressional election.

Even at 68, Bruno Sammartino's handshake will make you grit your teeth if you're not ready for it. Bears have smaller paws. "I've been his physician for 10 years, and he's in better shape than anyone in here," Dr. Frank Santucci told about 80 people who paid tribute to Sammartino Tuesday, one day after the anniversary of his winning the World Wide Wrestling Federation championship 41 years ago, when he defeated Buddy Rogers in 48 seconds. Sammartino was nearly unbeatable.