Halliburton scandal sans questioned efcc #
You're referring to the Halliburton scandal in Nigeria, which involved the company's alleged corruption and bribery in the country. Here's a summary of the scandal:
Background: Halliburton, a US-based oil services company, was involved in a major corruption scandal in Nigeria in the early 2000s. The company was awarded a contract by the Nigerian government to build a liquefied natural gas (LNG) plant in Bonny Island, Rivers State.
Allegations: It was alleged that Halliburton and its subsidiaries, including KBR (Kellogg Brown & Root), paid bribes to Nigerian officials to secure the contract. The bribes were reportedly paid through a complex web of shell companies and offshore accounts.
Investigation: In 2004, the US Department of Justice (DOJ) launched an investigation into the allegations. The investigation found that Halliburton and KBR had indeed paid bribes to Nigerian officials, including a former Nigerian oil minister, Edmund Daukoru.
Convictions: In 2009, Halliburton agreed to pay a fine of $579 million to settle the charges. KBR was also fined $402 million. The company's former CEO, Dick Cheney, was not charged in the scandal.
Nigerian investigation: The Economic and Financial Crimes Commission (EFCC) in Nigeria also investigated the scandal. However, the EFCC's efforts were hindered by a lack of cooperation from the Nigerian government and the company.
Outcomes: The scandal led to the resignation of several Nigerian officials, including the former oil minister, Edmund Daukoru. The scandal also led to changes in the Nigerian government's anti-corruption laws and regulations.
Lessons learned: The Halliburton scandal highlighted the need for stronger anti-corruption laws and regulations in Nigeria. It also underscored the importance of transparency and accountability in government contracts and the need for international cooperation in combating corruption.
Key players:
- Halliburton: A US-based oil services company
- KBR (Kellogg Brown & Root): A subsidiary of Halliburton
- Edmund Daukoru: Former Nigerian oil minister
- Dick Cheney: Former CEO of Halliburton
- Economic and Financial Crimes Commission (EFCC): Nigeria's anti-corruption agency
- US Department of Justice (DOJ): Investigated the scandal and imposed fines on Halliburton and KBR