Friday, May 09, 2003

Halliburton Discloses Bribery Payment

A subsidiary of Halliburton Co. paid a Nigerian tax official $2.4 million in bribes to get favorable tax treatment, the company disclosed in a federal filing.

In a filing made Thursday with the Securities and Exchange Commission, the company said its KBR subsidiary "made improper payments of approximately $2.4 million to an entity owned by a Nigerian national who held himself out as a tax consultant when in fact he was an employee of a local tax authority."


and...

In Nigeria, the engineering, construction and oil-field services company is constructing a liquefied natural gas plant and developing an offshore oil and gas facility.

Body and Soul has as excellent post about Nigeria.

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