U.S. Charges Three Oil Service Executives with Paying Bribes to Nigerian Officials

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Tuesday, May 1, 2012
Author: 
Bruce Zagaris
Volume: 
28
Issue: 
5
Abstract: 

 

On February 24, 2012, the Securities and Exchange Commission charged three oil services executives with violating the Foreign Corrupt Practices Act (FCPA) by participating in a bribery scheme to obtain illicit permits for oil rigs in Nigeria in order to retain business under lucrative drilling contracts. [1]



                [1]                 For more information see SEC Charges Three Oil Service Executives With Bribing Customs Officials in Nigeria, SEC Press Release 2012-32, Feb. 24, 2102.   http://www.sec.gov/news/press/2012/2012-32.htm.