Corruption charges against Cheney dropped for $250 million

Dick Cheney was Halliburton's chief executive before becoming vice-president to George W Bush
Dick Cheney was Halliburton's chief executive before becoming vice-president to George W Bush

G. Johnson

The corruption charges against former U.S. Vice President Dick Cheney and other corporate executives accused of bribing the government to secure a profitable natural gas deal has been dropped by Nigerian authorities. In exchange for the case’s dismissal, Cheney’s former company, Halliburton, has agreed to pay $250 million to the Nigerian government.

About $130m of the money would be repatriated from foreign bank accounts. AFP news agency reported that the money in foreign accounts was part of the bribery scheme, but had been frozen before it had reached Nigeria

According to earlier cases brought in the US, KBR (which split from Halliburton in 2007) executives paid more than $180m to Nigerian officials between 1994 and 2004 to secure about $6bn contracts for building a liquefied natural gas plant.

Last year, KBR was fined $402 million by the U.S. government after officials pleaded guilty to conspiracy and corruption charges.

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By godwinjohnson

Solomon Johnson is a trained communicator and independent researcher currently based in Lagos. He has qualifications in Mass Communication at the Yaba College of Technology, Lagos. He is presently a Post Graduate Diploma(PGD) student in transport Management with LADOKE AKINTOLA UNIVERSITY, OYO. He is the Founder and Director of the African Institute for Public Presentation and Creative Writing, Lagos. He is putting finishing touches to his book, Rule Your World and AFRICAN PRIDE: THE SUCCESS STORIES OF A GREAT CONTINENT .