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.
Entries in Nigeria (196)
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.
The Zambia government has terminated a $210 million closed circuit television camera contract with China's ZTE because of alleged corruption.
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.
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.
Buildings are collapsing in Lagos, Ibadan, Abeokuta, Kaduna, Kano and other Nigerian cities.
A former consultant for pipeline contractor Willbros International Inc. was sentenced Friday for his role in a scheme to pay more than $6 million in bribes to government and political party officials in Nigeria.
FCPA Blog-sponsor AlixPartners teamed with Dentons to survey multinational companies about their current and future business objectives in Africa.