Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Amec Foster Wheeler cash to build Nigerian roads in compensation deal

© Supplied by Nigerian President MMan in white unveils plaque in the sunshine
Picture shows; President Buhari visits Kaduna State in January 2022. Kaduna State, Nigeria . Supplied by Nigerian President Muhammadu Buhari Date; 22/01/2022

The UK has reached an agreement to hand over £210,610 to Nigeria, based on penalties paid by Amex Foster Wheeler (AFW).

The Serious Fraud Office noted it had reached a deferred prosecution agreement (DPA) with AFW. The company accepted responsibility for 10 counts of corruption in its oil and gas business.

AFW agreed to pay penalties and costs of £103 million in the UK. The SFO received £3.4mn in costs and compensation for the people of Nigeria of £210,610. The court ruling imposed the Nigerian compensation because of the direct loss of tax revenues linked to the AFW corruption case.

The Nigerian cash will go to three infrastructure projects. These are the Lagos-Ibadan express road, the Abuja-Kano road and the second Niger bridge.

The payment became possible following a governmental agreement. Minister for Africa Vicky Ford signed the memorandum of understanding (MoU) in Abuja with Nigerian Attorney General Abubakar Malami.

Nigeria’s attorney general and the UK Home Office will monitor the implementation of the MoU. The UK will transfer the cash within 28 days of the signing of the MoU.

The AFW corruption agreement spanned reported wrongdoing in Saudi Arabia, Malaysia, India, Brazil and Nigeria. The offences took place between 1996 and 2014.

Financial success

SFO director Lisa Osofsky said the agency had a “zero tolerance approach to companies who think they can bribe their way to financial success”.

Corruption, she said, has an impact on economic growth and democracy. “I am of course delighted that the tenacity of my SFO colleagues has resulted in the people of Nigeria being compensated in a way that will truly benefit them.”

The Nigeria Sovereign Investment Authority (NSIA) will monitor the plans and provide a final report once all the funds are paid out. Among monitors of the projects will be various government representatives and civil society organisations.

Other funds returned to Nigeria by other countries will also go into supporting the infrastructure projects. These include sums from Ireland and funds recovered from the Sani Abacha investigations. Nigeria LNG (NLNG) is also contributing funds for the infrastructure development fund.

The SFO has previously paid out compensation from a DPA to people in Chad, under a scheme involving Canada’s Griffiths Energy and a number of Chadian diplomats.

More from Energy Voice

Latest Posts