US firm fined $11.76m for bribing Nigerian officials

The United States Department of Justice on Tuesday said a publicly listed company, Parker Drilling Services, had agreed to pay an $11.76m fine for allegedly bribing Nigerian government officials from January to May 2004 through an unnamed intermediary.

In a statement, the department said the firm was fined for transferring $1.25m to the agent, who reported spending a portion of the money on “entertaining” Nigerian government officials.

The statement read in part, “According to court documents, in 2001 and 2002, Panalpina World Transport (Nigeria) Limited, working on Parker Drilling’s behalf, avoided certain costs associated with complying with Nigeria’s customs laws by fraudulently claiming that Parker Drilling’s rigs had been exported and then re-imported into Nigeria. Read more

Image culled from: Imagini

About Author: Integrity Org

Integrity Organization is committed is an anti-corruption, research and advocacy organization. Its activities are centered on the aim to reduce the tolerance for corruption in Nigeria.

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