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.
Entries in Nigeria (210)
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.
As the G20 Anti-Corruption Working Group meets in 2014 under the chairmanship of Australia, it is important that the countries make progress on their commitments detailed in the 2013-2014 G20 Anti-Corruption Action Plan.
Kellogg Brown & Root LLC, Technip S.A., and JGC Corp. agreed to pay $17 million in penalties in a settlement with the African Development Bank (ADB) for corrupt practices by affiliated companies in connection with contracts for liquefied natural gas production plants on Bonny Island, Nigeria from 1995 until 2004.
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.
The 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.
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.
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.
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.
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.