Settlements

ST-81
Bonny Island Liquefied Natural Gas Bribe Scheme (TSKJ Consortium) / Technip S.A.
Bonny Island Liquefied Natural Gas Bribe Scheme
United States
Securities and Exchange Commission
Nigeria
2010
06/28
Nigeria
Legal Person
Civil
Consent to Permanent Injunction
Disgorgement of Profits, Prejudgment Interest
$98,000,000.00
$98,000,000
$0
$0
$0
Art.16, Art.23, Art.26
Art. 1, Art. 2, Art. 7, Art. 8
Bribery of foreign officials, Internal controls violations, Falsification of books and records
No admission or denial of alleged offenses
Yes
According to the June 2011 Report by the United States to the OECD, "From 1995-2004, Kellogg Brown & Root Inc. (KBR), Technip S.A. (Technip), Snamprogetti Netherlands B.V. (Snamprogetti), and JGC were each part of the TSKJ joint venture that was awarded four EPC contracts by Nigeria LNG Ltd. (NLNG), which is 49 percent owned by the government-owned Nigerian National Petroleum Corporation (NNPC). These contracts, which were valued at more than $6 billion, were part of a four-company joint venture that was awarded four EPC contracts by Nigeria LNG Ltd. (NLNG), which is 49 percent owned by the government-owned Nigerian National Petroleum Corporation (NNPC). These contracts, which were valued at more than $6 billion, were for the construction of LNG facilities on Bonny Island. In exchange for being awarded these EPC contracts, the joint-venture partners used two agents to pay bribes totaled in excess of $182 million to a range of Nigerian government officials, including officials of the executive branch of the Nigerian government and officials at NNPC and NLNG." (Source: Report by the United States to the OECD, "Steps taken to implement and enforce the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions" (June 2011), Bonny Island Liquefied Gas Bribe Scheme Case Summary at 17-19.) According to the US Securities and Exchange Commission Litigation Release, the $98 million represents disgorgement of profits and prejudgment interest; the breakdown in amounts was not given. Also according to the Litigation Release, "The Commission acknowledges the assistance of [ ] foreign authorities in Europe, Asia, Africa and the Americas." (Source: US Securities and Exchange Commission Litigation Release No. 21578 / June 28, 2010, Securities and Exchange Commission v. Technip, Case No. 4:10-cv-02289, S.D. Tex. (Houston), "SEC Charges Technip with Foreign Bribery and Related Accounting Violations -- Technip to Pay $98 Million in Disgorgement and Prejudgment Interest; Company Also to Pay a Criminal Penalty of $240 Million.")