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Entries in Nigeria (209)

Wednesday
Dec102014

To find terrorism, look for graft

Last year, 17,958 people were killed in terrorist attacks, 61% more than the previous year. More than 80% of all deaths from terrorist attacks occurred in five of the world's most corrupt countries -- Iraq, Afghanistan, Pakistan, Nigeria, and Syria.

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Wednesday
Nov192014

Corruption and conflict: By the numbers

Last month, the DOJ's Leslie Caldwell, described the fight against corruption as “a necessary enforcement action to protect our own national security interests and the ability of our U.S. companies to compete on a global scale.” These comments not only apply to FCPA enforcement but also highlight the long-recognized notion that corruption can threaten peace and security. Today, the threat posed by corruption to security is especially relevant to Africa and the Middle East.

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Thursday
Oct022014

Report: Eni paid $533 million bribe for Nigeria oilfield deal 

Italian prosecutors investigating state-owned oil giant Eni SpA over a Nigeria oilfield deal three years ago believe half of the $1.1 billion that Eni paid went as bribes to government officials or to intermediaries with close ties to them.

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Thursday
Sep112014

Eni CEO investigated for $1 billion Nigeria oil deal

The CEO of Italy's biggest oil company, Claudio Descalzi, is under investigation by Milan prosecutors for alleged corruption tied to the company's 2011 acquisition of a Nigerian deepwater offshore block for $1.09 billion.

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Tuesday
Aug192014

Ebola tragedy is also a story of graft

The current Ebola outbreak has now infected at least 1,975 people and claimed more than 1,000 lives, prompting the World Health Organization (WHO) to declare an International Public Health Emergency.

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Friday
Aug082014

U.S. seizes $480 million plundered by late Nigeria kleptocrat

General Sani Abacha, 10th Head of State of Nigeria, courtesy of WikipediaThe Department of Justice announced its forfeiture of more than $480 million in corruption proceeds hidden in bank accounts around the world by former Nigerian dictator Sani Abacha and his co-conspirators on Thursday. 

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Wednesday
Jul302014

Australia clamps ‘embarrassing’ gag order on global banknote bribe case

Wikileaks Tuesday released what it said is "an unprecedented Australian censorship order concerning a multi-million dollar corruption case explicitly naming the current and past heads of state of Indonesia, Malaysia and Vietnam, their relatives and other senior officials."

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Thursday
Jul032014

No penalties for Noble execs in SEC settlement

A former and a current executive of Noble Corporation settled with the SEC without paying any penalties, according to a stipulation filed with the federal district court in Houston Wednesday.

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Wednesday
Jul022014

Ruehlen, Jackson settle with SEC

A docket entry from July 1 for the U.S. federal district court in Houston said all deadlines in the SEC's civil FCPA enforcement action against two former Noble executives have been vacated "pending final settlement documents."

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Tuesday
Jun172014

In SEC v. Jackson and Ruehlen, judge denies everyone's motions

Federal district judge Keith B. Ellison denied motions for summary judgments filed by the SEC, and by former Noble executives Mark Jackson and James Ruehlen.

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Monday
Jun022014

Snamprogetti pays $5.7 million to Africa Development Bank for TSKJ bribes

Snamprogetti Netherlands B.V. agreed to pay the Africa Development Bank $5.7 million in penalties for bribery related to contracts for liquefied natural gas production plants on Bonny Island, Nigeria. 

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Tuesday
May272014

#BringBackOurGirls can't overcome Nigeria graft

A U.S. State Department official said corruption is hurting Nigeria's efforts to end the insurgency in the north east that's now destabilizing the entire country.

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