The $10 Billion Energy Scandal - Full documentary - BBC Africa Eye & Panorama

submitted by Marvin's Underground Evening Lectures on 12/06/21 1

BP agreed to pay around $10bn (£8bn) to a businessman involved in a suspicious energy deal. The energy giant bought Frank Timis' stake in a gas field off the coast of Senegal for $250 million in 2017. But documents obtained by BBC Panorama and Africa Eye reveal that BP was also projected to pay his company between $9bn and $12bn in royalties. Both BP and Mr Timis deny any wrongdoing. Read the full statement from Mr Timis here: bbc.in/2NOQP4j Update 9 July 2019: BP did not dispute the $10 billion figure prior to publication, but has subsequently said it is wholly inaccurate and exaggerated. Update 23 December 2020: This film is subject to a legal claim by Frank Timis and Timis Corporation. Subscribe: bit.ly/subscribetoafrica Website: www.bbc.com/africa Facebook: www.facebook.com/bbcnewsafrica/ Twitter: www.twitter.com/bbcafrica/ Instagram: www.instagram.com/bbcafrica/

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