Summary:
According to the May 4, 2011 Siemens Company Statement on Legal Proceedings against it around the world, the criminal charges filed against it by the Nigerian Economic and Financial Crimes Commission (EFCC) was dismissed in November 2010, pursuant to a settlement agreement between Siemens and the Nigerian authorities. (Source: Siemens, "Legal Proceedings," May 4, 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.)
Sources :
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, provided to the study by the Nigerian Economic and Financial Crimes Commission; Marcus Cohen, David Elesinmogun & Obumneme Egwuatu, "Will Nigeria Take Another Bite?," FCPA Blog, August 4, 2011, accessed at http://www.fcpablog.com/blog/tag/shell; Siemens, "Legal Proceedings," May 4, 2011, accessed at http://www.siemens.com/press/pool/de/events/2011/corporate/2011-q2/2011-q2-legal-proceedings-e.pdf; US v. Siemens A.G., Case No. 08-cr-367-RJL (D.D.C.), Plea Agreement and Statement of Offense, both filed December 15, 2008, accessed at http://www.justice.gov/criminal/fraud/fcpa/cases/siemens-aktiengesellschaft.html.