Posts tagged ‘Bribery’

Sat, 28 Apr 2012 22:26:23 GMT

*How Babangida, Abacha, Obasanjo Shared Nigeria's Oil Wells - Nigeria Master Web (blog)


Nigeria Master Web (blog)

*How Babangida, Abacha, Obasanjo Shared Nigeria's Oil Wells
Nigeria Master Web (blog)
The process of sharing Nigeria's oil block national cake is as fraudulent now as when Ibrahim Babangida started the process of discretionary allocation of oil blocks to indigenous firms. Discretionary allocation of oil blocks entails that a president ...

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Wed, 02 May 2012 21:37:24 GMT

6 US companies bribed foreign officials, supported lobbying against anti ... - Press TV


Press TV

6 US companies bribed foreign officials, supported lobbying against anti ...
Press TV
The same thing happened to Shell and Halliburton, which settled with the SEC for paying off leaders in Nigeria. General Electric, another Chamber member, paid the SEC $23 million in 2010 for FCPA violations related to the Iraqi oil-for-food scandal, ...

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Fri, 04 May 2012 15:30:20 GMT

Chevron, Other Oil And Gas Stocks Could Take $18 Billion Hit From Legal Battles - Seeking Alpha


Chevron, Other Oil And Gas Stocks Could Take $18 Billion Hit From Legal Battles
Seeking Alpha
By way of comparison, Royal Dutch Shell (RDS.A), is also in the news for a bad lawsuit, currently. Its oil spill in Nigeria has recently received heightened attention. In the most recent development, it appears that the spill was a lot worse than ...

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Mon, 30 Apr 2012 02:34:43 GMT

Nigeria: Why the African Oil Connection is Still So Attractive - Money Morning Australia


Nigeria: Why the African Oil Connection is Still So Attractive
Money Morning Australia
A Nigerian newspaper editor summed it up a while back by telling me (in all seriousness), “If the amount of the bribe is less than $10 million US, it isn't even worth the newspaper space to report it. We would also need to double the size of a daily ...

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Tue, 15 May 2012 18:21:11 GMT

Quarterly FCPA Report: First Quarter 2012 - Mondaq News Alerts (registration)


Quarterly FCPA Report: First Quarter 2012
Mondaq News Alerts (registration)
The TSKJ companies won four contracts worth more than $6 billion to build liquefied natural gas facilities on Bonny Island, Nigeria by paying an estimated $170 million in bribes to Nigeria officials. The TSKJ joint venture companies have paid fines and ...

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Fri, 27 Apr 2012 21:22:08 GMT

'Despite the challenges, there will be great improvement in electricity supply ... - Daily Sun


'Despite the challenges, there will be great improvement in electricity supply ...
Daily Sun
He advised Nigerians to be patient with the administration, as it grapples with the crisis. Electricity supply recently fell too short of demand. What is the immediate cause of this drop? The major problem now is drop in water supply to the hydro power ...

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Thu, 17 May 2012 04:54:44 GMT

Gambia: The Gambia: The power, the wealth and the excesses of Yahya Jammeh - Freedom Newspaper


Freedom Newspaper

Gambia: The Gambia: The power, the wealth and the excesses of Yahya Jammeh
Freedom Newspaper
Yahya Jammeh controls Gambia's Central Bank; its staff and the money saved in it, and he uses the money as his piggy-bank to bribe foreign dignitaries particularly those from The World Bank, the IMF and other ancillary agencies of the United Nations.

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