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Tuesday, May 1, 2012
Volume:
28
Issue:
5
Abstract:
On February 24, 2012, the Securities and Exchange Commission charged three oil services executives with violating the Foreign Corrupt Practices Act (FCPA) by participating in a bribery scheme to obtain illicit permits for oil rigs in Nigeria in order to retain business under lucrative drilling contracts. [1]
[1] For more information see SEC Charges Three Oil Service Executives With Bribing Customs Officials in Nigeria, SEC Press Release 2012-32, Feb. 24, 2102. http://www.sec.gov/news/press/2012/2012-32.htm.