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 proceeds of corruption traced to former Nigerian dictator General Sani Abacha.”
Entries in Nigeria (215)
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.
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.
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.
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. hedge fund giant Och Ziff.
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.
A former manager of a polymer banknote manufacturer was convicted Wednesday of four counts of making corrupt payments to a foreign official.
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.
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.
Three employees of Swift Technical Solutions Ltd were found not guilty at Southwark Crown Court in London of corruption offenses related to the tax affairs of a Nigerian subsidiary, the SFO said Tuesday.