• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
AFRIPOL

AFRIPOL

en English
ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
  • Home
  • About Us
  • Mission Statement
  • Articles
  • Book Review
  • Archive
  • Contact Us

Glencore Energy Pleaded guilty and Fined for Bribing Nigeria, African countries for Oil Deals

November 3, 2022 by AFRIPOL Leave a Comment

Glencore Energy, a UK subsidiary of mining giant Glencore has  been found guilty by Southwark Crown Court in Britain and ordered to pay £275m ($310m) for bribing officials in African countries of Nigeria, Cameroon, South Sudan  and Ivory Coast inorder to secure oil deals and contracts.

Between 2011 and 2016, Glencore Energy bribed officials of Nigeria, Cameroon and Ivory Coast to the tune of $26m (£23m), a foreign exchange notes and cash  that they fled in their private planes to those African countries.

According to Glencore, “the bribery charges stated that the firm’s aim was for officials to “perform their functions improperly, or reward them for so doing, by unduly favouring Glencore Energy UK in the allocation of crude oil cargoes, the dates crude oil would be lifted and the grades of crude oil allocated”.

BBC reported that “Glencore Energy UK pleaded guilty to seven corruption offences in June. It was ordered to pay a fine of £182.9m by Judge Peter Fraser at Southwark Crown Court, who also approved £93.5m to be confiscated from the company. Along with five charges of bribery, the subsidiary admitted charges of failing to prevent agents from using bribes to secure oil contracts in Equatorial Guinea and South Sudan.”

Although that  Glencore Energy UK has pleaded guilty but  neither them not  Judge Fraser’s Southwark Crown Court have revealed the names of the officials of the African countries that received the bribe.

Filed Under: Articles, Strategic Research & Analysis

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

More to See

Ghana and Côte d’Ivoire have Declared war on the Global chocolate industry over cocoa prices (video)

March 20, 2023 By AFRIPOL

(video) I Will Never Call And Congratulate Sanwo-Olu For This Sham Of An Election – Gbadebo Rhodes-Vivour

March 19, 2023 By AFRIPOL

RSS AllAfrica News: Latest

  • Africa: VP Harris Stresses Democracy During Africa Visit
    [VOA] Accra -- On the eve of her meeting with Africa's only female head of state, Vice President Kamala Harris said Wednesday that having more women in power is a key ingredient for a healthy democracy.
  • Rwanda: Paul Rusesabagina, Who Inspired Hotel Rwanda Film, Arrives in U.S.
    [DW] Paul Rusesabagina, whose efforts to save people during the 1994 genocide inspired the Hollywood film "Hotel Rwanda," has arrived in the US following his release from a Rwandan prison.
  • Congo-Kinshasa: UN Refugee Agency in Mozambique Appeals for Help to Aid DRC Refugees
    [VOA] Maputo, Mozambique -- The representative of the U.N. refugee agency in Mozambique said refugees fleeing war-torn parts of the Democratic Republic of Congo are making an already complicated humanitarian crisis in northern Mozambique even worse.
  • Burkina Faso: Burkina Faso Banning Free Press 'Bit By Bit', Says France 24 Journalist After Broadcaster's Suspension
    [VOA] Washington -- The journalist whose interview with a terrorist organization resulted in Burkina Faso suspending France 24 has spoken with VOA about what he says is a decline in media freedoms in the country.
  • Malawi: UN Concerned About Disease in Malawi's Displacement Camps
    [VOA] Blantyre, Malawi -- The U.N. humanitarian agency says Malawi needs immediate help to deal with diseases spreading in displacement camps for Cyclone Freddy survivors. The Malawi health minister told reporters Tuesday that the government is beefing up its medical staff but a local newspaper says the country needs more money to adequately deal with […]
  • Senegal: Senegal Braces for Fresh Protests Ahead of Opposition Leader's Trial
    [RFI] Senegal's opposition coalition maintained its call for demonstrations on Wednesday and Thursday during leader Ousmane Sonko's defamation trial despite a ban on protests by police authorities.

Tags

Achebe Africa Anambra Boko Haram Buhari CBN Corona Virus Egypt Igbo IMF Inflation Jonathan Kenya Nigeria Okonjo Iweala Peter Obi Sanusi Senate Soludo South Africa Soyinka United States
  • Facebook
  • Instagram
  • Twitter
  • YouTube

Archives

Footer

Africa Political and Economic Strategic Center, AFRIPOL is foremost a public policy center whose fundamental objective is to broaden the parameters of public policy debates in Africa. To advocate, promote and encourage free enterprise, democracy, sustainable green environment, human rights, conflict resolutions, transparency and probity in Africa.

Recent

  • Ghana President Publicly ends Cocoa Export to Switzerland.
  • VP Kamala Harris Gives Emotional Speech After Visiting Cape Coast Castle In Ghana (video)
  • U.S Vice President Kamala Harris arrives at Ghana Jubilee House to meet President Akufo-Addo
  • US Vice President Kamala Harris arrives in Ghana for African tour (video, Pics)
  • Peter Obi exchanged views on the state of the nation with OBJ @ Anambra Airport (pics)

Search

Tags

Achebe Africa Anambra Boko Haram Buhari CBN Corona Virus Egypt Igbo IMF Inflation Jonathan Kenya Nigeria Okonjo Iweala Peter Obi Sanusi Senate Soludo South Africa Soyinka United States

Copyright © 2023 · AFRIPOL