US confirms KBR Nigeria bribes

By Upstream staff

US authorities say they have evidence that an agent used by Halliburton’s former subsidiary KBR did issue bribes to Nigerian officials in connection with a Shell project in that country, according to a filing made by Halliburton to the US Securities & Exchange Commission (SEC) at the end of last month.

The SEC launched a formal investigation into the matter, which dates back to the 1980s, last year after a March 2007 Halliburton government filing disclosed it.

The more recent filing stated that Halliburton and KBR suspended their agent in Nigeria and another agent who had worked for KBR on “several current projects and on numerous older projects going back to the early 1980s”.

--MORE--