Africa

Halliburton May Pay Nigeria $500 Million To Keep Cheney Out of Prison

dick-cheney-vp-usaEarlier this week, Nigeria charged former Vice President Dick Cheney with doling over $180 million in bribes to government officials, but a new GlobalPost report suggest that it could take more than twice that much to keep him out of prison. On Wednesday, the country’s anti-corruption agency accused Cheney of making the payments while he was head of Halliburton’s engineering subsidiary, KBR, in the years prior to 2007. KBR, which is no longer a part of Halliburton, owned up to the bribes, and reportedly agreed to pay $597 million in fines. But Cheney himself is still on the hook. Femi Babafemi, the spokesman for Nigeria’s Economic and Financial Crimes Commission, tells GlobalPost that Halliburton is negotiating a plea deal with Nigeria that could involve a $500 million settlement. (Raw Story points out that “it’s not clear from the GlobalPost report if the $500 million figure refers to the amount Halliburton will have to pay or whether that amount would cover all the companies that have been charged.”) If convicted, Cheney would face three years in Nigerian prison.

Anthony-Claret Onwutalobi
Anthony-Claret Onwutalobi
Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC and CEO of Portia Web Solutions. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
https://www.codewit.com

Leave a Reply

Your email address will not be published. Required fields are marked *