Nigeria Drops Charges Against Dick Cheney After Agreeing To Paltry $35 Million Settlement Fee

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American oil services firm, Halliburton, on Tuesday said it paid a paltry $35million to the Nigerian government in a settlement for a $180 million bribery allegations related to the construction of the Nigerian Liquefied Natural Gas plant.

                                       

The figure is a far cry from the  $1 billion that the company and its partners had to pay to the US government in settlements of the same bribery trials.

The disclosure by the company is contrary to the claim by the Economic and Financial Crimes Commission that it was dropping charges against former American Vice president, and other officials of the company after Halliburton agreed to pay $250 million fine.

SR had reported on December 13 that during its negotiation with EFCC officials, Halliburton reportedly reduced its initial offer of $500 million to $30 million, but that Nigeria officials insisted on higher figures.

They also requested Halliburton to persuade Swiss authorities to release to Nigeria the $100 million it froze as proceeds of crime.

Five days after our report, EFCC, through its spokesman, Femi Babafemi, lied to the local and international media that Halliburton was shelling out $250 million dollars in settlement.

Nigeria Drops Charges Against Dick Cheney After Agreeing To Paltry $35 Million Settlement Fee: Why EFCC Lied On Halliburton Bribery Settlement