A delegation of Nigerian legal bigwigs led by Attorney General of the Federation, Mr Mohammed Adoke, teaming up with top lawyers from Economic and Finance Crimes Commission allegedly held a close door meeting with an high powered American representatives of Halliburton and KBR over the weekend in London to discuss all matters relating to the impending bribery scandal litigation against the former American Vice President, Dick Cheney in Nigeria.
Dick Cheney was Halliburton’s Chief Executive before ascending the position of Vice President under Bush Administration.
Unconfirmed reports are claiming that Halliburton officials and those of KBR are proposing a “settlement” package to resolve the bribery scandal, widely viewed across America as embarrassing. All the charges were filed in Abuja last week, seeking to commit Mr. Cheney to prison in Nigeria.
Cheney allegedly influenced top government officials through large scale bribe scandal as Halliburon boss in the 1990s to win contracts. So far, the amount involved has been quoted to be over $180 million in backhanders to Nigerian ruling party officials as well as government ministers.
The allegations involved at least three former Nigeria Heads of States and has been seen to have undermined development in Nigeria while also sabotaging the nation’s economy to unimaginable level.
Halliburton reportedly reduced its initial offer of $500 million to $30 million, but Nigeria officials at the negotiations have instead on higher figures and are also asking for Halliburton to persuade Swiss authorities to release to Nigeria the $100 million it had frozen as proceeds of crime.
An extra $30 million frozen by authorities in Monaco is also expected to be released to the Nigerian authorities if the negotiations work out as planned.
The entire exercise will add $150 million to the coffers of the Nigerian government. Halliburton is also expected to pay legal fees as was those of the victims of the controversial Pfizer’s illegal drug test settlements in Kano, Nigeria.
In the agreement can be reached, Nigeria will drop last week’s charges against Mr. Cheney and Halliburton, as well as the KBR officials indicted, an effort many has seen as seriously politically influenced.
Sources at the Prosecutor’s offices told SaharaReporters that French company, Technip, has refused to come to the negotiation table. In the coming days, the Prosecutor’s office plans to come down hard on the company over its intransigence.
Whatever becomes of the settlement, according to sources at the negotiations, Halliburton, which has its headquarters in Dubai, UAE, will indemnify KBR for the costs of settlement while Mr. Cheney can rest easy without further harassment over his sordid past at Halliburton.
Source: Sahara reporters