Kellogg Brown & Root LLC, Technip S.A., and JGC Corp. agreed to pay $17 million in penalties in a settlement with the African Development Bank (ADB) for corrupt practices by affiliated companies in connection with contracts for liquefied natural gas production plants on Bonny Island, Nigeria from 1995 until 2004.… Continue Reading
Posts Tagged: Nigeria
Friends of the FCPA Blog — Sandy Sierck and Nick Diamond, who represent the Socio-Economic Rights and Accountability Project in Nigeria — have another good idea. For years, SERAP has been petitioning the DOJ and SEC to return enforcement revenues to the real victims of overseas corruption: the citizens of the corrupt governments.… Continue Reading
The University College of the Cayman Islands (UCCI) is hosting the 2014 Caribbean Conference — Towards a Corruption-Free Caribbean: Ethics, Values, Trust and Morality — on March 19-21, 2014.… Continue Reading
The Department of Justice has frozen more than $458 million in corruption proceeds hidden in bank accounts around the world by former Nigerian dictator Sani Abacha and his co-conspirators.… Continue Reading
Ukraine’s opposition this weekend overran the estate of former president Viktor Yanukovich. The 340-acre private compound, an hour’s drive from Kiev, had never been open to the public.
Behind the walls people found a five-story Russian-style main house with a garage filled with classic sports cars and motorcycles.… Continue Reading
Mannheim, Germany-based Bilfinger SE, an engineering and services company in the energy sector, agreed to pay a $32 million penalty to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) by bribing government officials in Nigeria.… Continue Reading
Italian oil and gas services company Saipem is beefing up compliance by creating a new senior management position, the board of directors said last week.
Alberto Chiarini has been appointed Chief Financial and Compliance Officer.… Continue Reading
The Zambia government has terminated a $210 million closed circuit television camera contract with China’s ZTE because of alleged corruption.
The only U.S.-headquartered company now on the FCPA top ten list is KBR (and its former parent, Halliburton). It landed second after paying $579 million in 2009 to settle an enforcement action for its role in the so-called TSKJ Nigeria consortium.… Continue Reading
There’s no silver bullet to overcome the natural resource curse that haunts much of the globe. But countries in East Africa, the region I am most familiar with, can take several practical and affordable steps to exploit resources in ways that will benefit citizens and put realistic development goals within reach.… Continue Reading
Buildings are collapsing in Lagos, Ibadan, Abeokuta, Kaduna, Kano and other Nigerian cities.
The latest incident in Abuja killed two people.