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Entries in Nigeria (191)

Thursday
Mar202014

It's Simple: The Nigerian Money is the Nigerians’ Money

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. Their latest proposal is a slam dunk.

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Monday
Mar172014

Towards a Corruption-Free Caribbean: Ethics, Values, and Morality

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.

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Thursday
Mar062014

DOJ freezes $458 million embezzled by Nigeria kleptocrat

General Sani Abacha, President of Nigeria, courtesy of WkipediaThe 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.

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Monday
Feb242014

Ukraine kleptocrat loses Neverland palace

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.

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Friday
Jan172014

Nations at war

Fifteen countries currently at war against an external enemy or internal insurrection have an average ranking on the corruption perceptions index of 150 (the cpi ranks 175 countries). Two of them -- Somalia and Afghanistan -- are tied for last place at 175. The highest ranked nation among those on the war list sits in the bottom half of the cpi. That's Colombia at 94.

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Tuesday
Dec102013

Germany's Bilfinger in $32 million settlement for Nigeria bribes

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.

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Monday
Dec092013

Saipem shuffles execs to enhance anti-corruption compliance

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.

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Thursday
Sep192013

Africa nations shut down tainted China telecoms deals

The Zambia government has terminated a $210 million closed circuit television camera contract with China's ZTE because of alleged corruption.

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Tuesday
Sep172013

‘They followed the leader into FCPA oblivion’

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.

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Monday
Sep162013

Healing the East Africa resource curse

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.

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