Wall Street Journal
22 December 2010
Halliburton Settles Nigerian Bribery Case
Halliburton Co. said Tuesday it agreed to pay $35 million to the Nigerian government to settle bribery allegations related to the construction and expansion of its Bonny Island natural-gas liquefaction facility, in which former subsidiary KBR Inc. had a 25% stake.
The deal comes two weeks after Nigeria indicted nine people and entities, including Halliburton and Dick Cheney, the former Halliburton chief executive and U.S. vice president, for alleged bribery. The charges were dropped Friday, according to a spokesman for Nigeria's anti-graft agency, after a settlement was reached.
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