Settlements

ST-72
Bonny Island Liquefied Natural Gas Bribe Scheme (TSKJ Consortium) / JGC Corporation
Bonny Island Liquefied Natural Gas Bribe Scheme
Nigeria
Economic and Financial Crimes Commission
Nigeria
2011
January
United States
Legal Person
Criminal
Non-Prosecution agreement
Criminal Fine, Disgorgement
$28,500,000.00
$28,500,000
$28,500,000
Enforcement by "Affected" Jurisdiction
Art.16, Art.23, Art.26
Art. 1, Art. 2, Art. 7, Art. 8
Unknown (Bribery offenses related to the Bonny Island Natural Gas Bribe Scheme)
Unknown
Yes
According to the JGC Corporation's January 31, 2011 Notice of Loss and Revisions of Earnings Forecasts for Fiscal Year Ending March 31, 2011, JGC reached a settlement with the Nigerian authorities in January 2011. No other details were noted in the company's notice. (Source: JGC Corporation's January 31, 2011 Notice of Loss and Revisions of Earnings Forecasts for Fiscal Year Ending March 31, 2011.) 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 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.)