The African Development Bank Group last month levied financial penalties totaling $17 million against three joint venture companies in a bribery case.
On March 21, the Integrity and Anti-Corruption Department (IACD) of the African Development Bank fined Kellogg Brown & Root $6.5 million; Technip, $5.3 million; and JGC $5.2 million. According to the charges, these companies, together with engineering services provider Snamprogetti, funneled $180 million in bribes from 1995 to 2004 to government officials in Nigeria as part of a multinational joint venture to develop a liquefied natural gas plant in the country.
