The corruption cases databases are a product of the staff of the International Bank for Reconstruction and Development / The World Bank. It is intended for general information purposes only. The findings, interpretations, and conclusions expressed in the Database do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. Neither the World Bank Group nor its officers or employees shall be liable for any losses that may result directly or indirectly from the use of or reliance upon such information.
Bribery by Oil Services and Freight Forwarding Companies / Noble Corporation
Bribery by Oil Services and Freight Forwarding Companies
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.)
Noble Corporation, "Form 8-K Report of Noble Corporation," filed with the US Securities & Exchange Commission, January 31, 2011, accessed at www.sec.gov/Archives/edgar/data/1169055/000095012311006909/h79316e8vk.htm.
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