Settlements

ST-86
Bribery by Oil Services and Freight Forwarding Companies / Noble Corporation
Bribery by Oil Services and Freight Forwarding Companies
Nigeria
Economic and Financial Crimes Commission
Nigeria
2010
01/28
United States
Legal Person
Criminal
Non-Prosecution agreement
Criminal Fine, Disgorgement
$2,500,000.00
$2,500,000
$2,500,000
Enforcement by "Affected" Jurisdiction
Art.16, Art.26
Art. 1, Art. 2, Art. 8
Unknown (Bribery offenses)
Unknown
No (Customs)
According to a filing by the Noble Corporation with the US Securities and Exchange Commission, "Nigerian Customs Matter / In November 2010, Noble-Swiss reached a settlement with the U.S. Department of Justice and the Securities and Exchange Commission in connection with their investigation under the United States Foreign Corrupt Practices Act of certain reimbursement payments made by its Nigerian affiliate to customs agents in Nigeria. In January 2011, the Nigerian Economic and Financial Crimes Commission and the Nigerian Attorney General Office initiated an investigation into these same activities. A subsidiary of Noble-Swiss has resolved this matter through the execution of a non-prosecution agreement dated January 28, 2011. Pursuant to this agreement, the subsidiary will pay $2.5 million to resolve all charges and claims of the Nigerian government." (Source: Noble Corporation, SEC Form 8-K, January 31, 2011.)