In my recent previous posts on the BOTA Foundation, I recapped its history and provided what I think were some of the critical factors which led it to be recognized as the most successful example the United States Department of Justice has had to date in returning recovered corruption assets.… Continue Reading
Posts Tagged: Nigeria
A civil society group, Socio-Economic Rights and Accountability Project (SERAP), has sent an open letter to U.S. President Donald J. Trump urging his “Administration to attach and release to Nigeria some $500 million worth of U.S.-based… Continue Reading
Dear FCPA Blog,
Thank you for your post yesterday about repeal of the SEC’s extractive industries disclosure rule.
The post really clarified the issue for me and I appreciate your taking the time and trouble to enlighten me and other readers.… Continue Reading
Doing business in countries perceived to be high risk for corruption and FCPA compliance issues (and unhappily my country Nigeria sits squarely within that category) requires a clear picture of who your local partners are, and whether associating with them represents any sort of risk to you from a compliance perspective.… Continue Reading
There are many striking similarities between navigating the daily chaos of urban traffic in Lagos, Nigeria and attempting to do business ethically in Nigeria. For one thing the objectives are generally the same — to arrive alive, unharmed, and without any damage to your car or your reputation.… Continue Reading
Secretary of State John Kerry made his third visit to Nigeria in 20 months this week, talking in the most explicit terms any top-level American official has used to explain the direct link between corruption and terrorism.… Continue Reading
A Gabon national was arrested Tuesday and charged with conspiracy to bribe officials in at least three African countries to help win mining rights for a joint venture involving U.S.… Continue Reading
Peter Chapman, the former manager in Africa of polymer banknote manufacturer Securency PTY Ltd, was sentenced in London today to two and a half years in prison for paying bribes in Nigeria.… Continue Reading
A former manager of a polymer banknote manufacturer was convicted Wednesday in London of four counts of making corrupt payments to a foreign official.
Peter Chapman, 54, used to work for Innovia Securency PTY Ltd.… Continue Reading
Oil and gas services firm KBR said in its quarterly report Friday that the DOJ has contacted the company in connection with an investigation of Unaoil.
The Huffington Post/Fairfax Media reported a month ago that Monaco-based Unaoil acted as an intermediary to pay bribes for big international companies, mainly from the oil and gas sector.… Continue Reading
In December, the public prosecutor of Milan (Italy) laid some fairly explosive evidence before the UK’s Southwark Crown Court in connection with an ongoing Nigerian corruption investigation. If the evidence can be substantiated, it may have widespread political and international ramifications for those involved in a remarkably long running and murky saga.… Continue Reading