Settlements

ST-69
Bonny Island Liquefied Natural Gas Bribe Scheme (TSKJ Consortium) / Snamprogetti Netherlands B.V. and ENI, S.p.A.
Bonny Island Liquefied Natural Gas Bribe Scheme
Nigeria
Economic and Financial Crimes Commission
Nigeria
2010
12/20
United States
Legal Person
Criminal
Non-Prosecution Agreement
Criminal Fine, Disgorgement
$32,500,000.00
$30,000,000
$2,500,000
$32,500,000
Enforcement by "Affected" Jurisdiction
Art.16, Art.23, Art.26
Art. 1, Art. 2, Art. 7
Unknown (Bribery offenses related to the Bonny Island Natural Gas Bribe Scheme)
Unknown
Yes
According to a Press Release by the ENI company, its subsidiary Snamprogetti Netherlands BV entered into a settlement and non-prosecution agreement with the Nigerian authorities to resolve an investigation into the activities of Snamprogetti, as member of the TSKJ consortium, in connection with contracts to build liquid natural [gas] faciltiies on Bonny Island, Nigeria. According to the company press release, "Pursuant to the agreement, Snamprogetti Netherlands B.V. agreed to the payment of a criminal penalty of $30 million and of $2.5 million as reimbursement for legal costs and expenses incurred by the Nigerian authorities. The Federal Government of Nigeria agreed to dismiss all charges against Snamprogetti Netherlands BV and to renounce to any civil claims and criminal charges in any jurisdiction." (Source: ENI/Saipem company Press Release, "Snamprogetti Netherlands BV enters agreement with Federal Government of Nigeria," December 20, 2010.) Please note that the settlement agreement with the Nigerian government is confidential and not publicly available. However, on December 22, 2010, the Nigerian Attorney General and Minister of Justice stated at a media briefing that the total sum of $170.8 million had been paid by foreign companies, including Technip, to settle bribery charges and/or allegations and that the sums represented fines and disgorgement of profits. (Source: 2010 Ministerial Media Briefing on the Activities of the Federal Ministry of Justice, by Mr. Mohammed Bello Adoke, SAN, Attorney General and Minister of Justice, Annual Press Briefing, 22 December 2010.)