See also:
» 20.01.2010 - Legislators reject motion to probe mass sackings
» 05.01.2010 - Nigeria’s Central Bank refutes sack order reports
» 15.12.2009 - Local NGO denounces deregulation law
» 10.12.2009 - Efforts intensify to fight malaria in Kenya and Nigeria
» 25.11.2009 - Nigerian cyber fraudster in court
» 18.11.2009 - Nigerian fishermen flee Bakassi Peninsula
» 10.11.2009 - Former NPA chief denied bail
» 16.10.2009 - Gabon and Nigeria elected to UN Security Council











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Nigeria | World
Economy - Development | Society

Former Halliburton chief ready to spill the beans

afrol News, 14 April - The Halliburton’s ex chief Albert Jack Stanley has offered to assist Nigerian government investigators and vowed to testify against top Nigerian officials linked to the $180 million bribery scam.

Halliburton and its engineering subsidiary Kellogg Brown Root reportedly negotiated bribes with three successive holders of a top-level office in the executive branch of the government of Nigeria to get US$6 billion worth of contracts.

His lawyer, Larry Veselka, said Mr Stanley was ready to testify against the Nigerian officials in the corruption scheme, following the announcement by Nigerian Federal government to investigate alleged corrupt practices by its officials.

The Attorney-General of the Federation and Minister of Justice, Kaase Michael Aondoakaa had last week said that the government was still struggling to get the identities of the Nigerians involved.

Mr Aondoakaa, however said the government could not prosecute anybody on the basis of media reports.

The Nigerian government confirmed last week that the US government has helped trace a $150 million in a secret bank account in Switzerland where millions from the Halliburton bribe belonging to Nigerian officials are lodged.

“It is one thing to claim that a bribe was given and another to establish the actual amount involved and whether the money actually reached the suspected recipient,” Mr Aondoakaa said.

In February, Halliburton admitted to paying the bribes to top officials between 1994 and 2004 to win construction contracts in the West African state.

Halliburton subsidiary company KBR also admitted to guilt for conspiring with its joint-venture partners and others to pay off officials in order to secure billions in engineering, procurement and construction contracts to build liquefied natural gas facilities on Bonny Island, Nigeria.

Mr Stanley, who pleaded guilty to making the bribes in order to secure the contracts, is to be sentenced on 6 May. KBR has agreed to pay more than $402 million in fines, of which Halliburton, as the former parent company, agreed to pay $302 million.


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