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Report cites Juba oil marketer in $30m loan scandal claims

South Sudan oil marketing

South Sudanese oil marketing company Trinity Energy is embroiled in a scandal over the controversial procurement of a $30 million loan from the African Export-Import Bank backed by senior government officials, raising integrity questions about the firm. PHOTO | ANDREI PUNGOVSCHI | AFP

By  James Anyanzwa

Business Reporter in Nairobi, Kenya

Nation Media Group

South Sudanese oil marketing company Trinity Energy is embroiled in a scandal over the controversial procurement of a $30 million loan from the African Export-Import Bank (Afreximbank) backed by senior government officials, raising integrity questions about the firm that is seeking to expand its foothold in East Africa.

A new damning report by the investigative and policy organisation Sentry has flagged possible bribery, tax evasion and money laundering during the loan procurement. It has called for inquiry.

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