Nigeria drops charges against Halliburton, Cheney (Joe Brock)

Created by : Francis Goodwin View profile

Dec. 17, 2010 -- ABUJA (Reuters) -- Nigeria's anti-corruption agency said on Friday it had dropped bribery charges against former U.S. Vice President Dick Cheney and oil services company Halliburton after the company agreed to pay a fine.

"It was formally dropped today," Economic and Financial Crimes Commission (EFCC) spokesman Femi Babafemi said. He said the Nigerian government had agreed to an offer made by Halliburton to pay fines totaling up to $250 million.

Halliburton, which has said the Nigerian charges have no legal basis, confirmed that they were dropped but declined additional comment.

The EFCC said it received the offer when it met with officials representing Cheney and Halliburton in London last week after filing 16-count charges at a federal high court in Abuja in a case dating back to the mid-1990s.

READ MORE: Reuters

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    Tuesday, December 28, 2010