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Report: Halliburton to Pay $250M in Nigeria Bribery Case

HeadlineDec 15, 2010

The oil services giant Halliburton has reportedly reached a settlement deal with Nigerian prosecutors in a corruption case against former Vice President Dick Cheney. Last week, Nigerian prosecutors filed charges against Cheney in a $180 million bribery investigation stemming from his time heading the company before taking office. Cheney, Halliburton chief executive David Lesar and six others were indicted on 16 counts for the bribing of Nigerian officials to win a lucrative gas project. Former Halliburton subsidiary KBR pleaded guilty in the United States last year to bribery charges in the case. According to Agence France-Presse, Halliburton has agreed to pay Nigeria a $250 million settlement. The deal would first need approval from the Nigerian government.

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