Addax Petroleum to Pay $32m in Geneva to Settle Nigerian Bribery Charges

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Addax Petroleum to Pay $32m in Geneva to Settle Nigerian Bribery Charges

« on: July 06, 2017, 01:01:53 PM »

Addax Petroleum to Pay $32m in Geneva to Settle Nigerian Bribery Charges

Oil prices fall 2% on surplus supply from Nigeria, Libya Ejiofor Alike with agency reports China’s state-owned Addax Petroleum has agreed to pay a 31 million Swiss francs ($32 million) fine in Geneva, Switzerland, to settle charges of suspected bribes given to Nigerian officials, thus ending a four-month old investigation, which uncovered the illegality in […]
Source: Addax Petroleum to Pay $32m in Geneva to Settle Nigerian Bribery Charges

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post culled from thisdaylive

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