Nigeria’s Exclusion from Glencore Settlement Sparks

0
92
Nigeria’s Exclusion from Glencore Settlement Sparks
Nigeria’s Exclusion from Glencore Settlement Sparks

The decision by a London court to exclude Nigeria from a multi-million-dollar settlement is fuelling calls to reform international anti-bribery laws, which often leave African victims of corruption hanging in the balance.

READ MORE: Peaceful polls: Jonathan, Ellen Johnson-Sirleaf to attend West African Elders’ Forum meeting

This is such that, earlier this month, the Southwark Crown Court ordered Swiss multinational commodity trading and mining company Glencore to pay £281m ($334m) in fines, confiscated profit and sanctions. The ruling came in June after Glencore pleaded guilty to seven charges of bribing officials at the state oil company, Nigerian National Petroleum Corporation (NNPC) and other energy firms across Africa.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

12 + 4 =