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Shell close to agreement on bribery case

Shell is close to reaching a settlement with the United States in a bribery case in Nigeria. It is expected that the Anglo-Dutch oil company will receive a 30 million dollar fine. Shell has been charged with the large-scale bribery of Nigerian customs officials in order get equipment faster into the country and to secure deals. The payments were made through the logistics service Panalpina. Many companies, including Panalpina, claim that corruption is a normal and inevitable part of doing business in countries like Nigeria. Shell is planning to leave Nigeria and sell its shares in the countries’ four major oilfields. Environmentalists believe the intended departure is bad news for the Nigerian population. Although environmental activists regard the multi-national as the ‘enemy’, it is easier for them to negotiate with Shell than with the corrupt Nigerian government. However, environmentalists demand that when Shell leaves, it cleans up the pollution resulting from its activities. More…

News selected by Covalence | Country: Nigeria | Company: Shell, Panalpina | Source: Radio Netherlands Worldwide

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