Asset Recovery Watch

ARW-143
Noble Corporation (Nigeria Settlement)
Switzerland
Unspecified Officials
Nigeria
Undertaking Recovery Effort, Location of Recovery Effort
2010
2011
Art.16
No
Criminal Prosecution; Criminal Fine
Unknown
N/A
Settlement agreement (Source: Noble Corporation, US Securities and Exchange Commission Form 8-K, January 31, 2011.)
Completed
Assets Returned to Victim or Requesting Jurisdiction
$2,500,000
No
N/A

According to the Form 8-K filed by the Noble Corporation with the US Securities and Exchange Commission, the Nigerian Economic and Financial Crimes Commission and the Nigerian Attorney General's Office investigation related to the same activities as previously settled by Noble Corporation with the U.S. Department of Justice and the Securities Exchange Commission under the U.S. Foreign Corrupt Practices Act of certain reimbursement payments made by the company's Nigerian affiliate to customs agents in Nigeria. The company stated that as part of the January 28, 2011 Non-prosecution agreement executed by a subsidiary of Noble-Swiss with the Government of Nigeria, the Noble-Swiss subsidiary will pay $2.5 million to resolve all charges and claims of the Nigerian government. (Sources: Noble Corporation, US Securities and Exchange Commission Form 8-K, January 31, 2011; US Department of Justice: In Re: Noble Corporation, Nonprosecution Agreement and Statement of Facts, dated November 4, 2010.) Please note that the settlement agreement with the Nigerian government is confidential and not publicly available.

According to the Form 8-K filed by the Noble Corporation with the US Securities and Exchange Commission, the Nigerian Economic and Financial Crimes Commission and the Nigerian Attorney General's Office initiated an investigation into alleged misconduct but all charges were resolved through the execution of a non-prosecution agreement dated January 28, 2011 by a subsidiary of Noble-Swiss. (Source: Noble Corporation, SEC Form 8-K, January 31, 2011.)

Economic and Financial Crimes Commission
Ministry of Justice, Attorney General; Economic and Financial Crimes Commission
N/A