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.
Entries in Nigeria (204)
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.
The 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.
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."
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.
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."
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.
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.
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.
The London lawyer who helped KBR and its partners deliver nearly $150 million in bribes to Nigerian officials and went to prison for violating the FCPA has been disbarred by the UK Solicitors Regulation Authority.