$1.5B in penalties for Nigerian bribe scheme

AP News
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Posted: Apr 06, 2011 7:12 PM
$1.5B in penalties for Nigerian bribe scheme

The Justice Department says firms involved in a nearly decade-long conspiracy to bribe Nigerian officials have paid $1.5 billion in criminal and civil penalties.

The latest settlement came Wednesday when a Japanese-based engineering and construction company, JGC Corp., agreed to pay a $218.8 million criminal penalty for its participation in the scheme.

JGC was part of a joint venture that was awarded contracts between 1995 and 2004 to build liquid natural gas facilities for the Nigerian government.

The agreement in the case was filed in U.S. District Court in Houston.