The Executive Chairman, Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, on Monday, lamented that Nigeria lost out on the Halliburton scandal that broke out in the country, while the United States of America, where some persons were investigated, prosecuted and convicted, raked in over $3 billion from the scandal.
One of the subsidiaries of Halliburton, one of world’s largest providers of products, services and integrated solutions for oil and gas exploration, development and production, KBR, paid bribes to high-ranking Nigerian government officials between 1994 and 2004.
Controversies generated by the bribery scandals led the American company eventually reached a deal with the US Department of Justice to pay $382million to settle the bribery case, while some individuals were prosecuted and sentenced, others made plea bargains with the American authorities.
Speaking while receiving the Senate Committee on Anti-Corruption and Financial Crimes, which was on an…