• Latest
  • Trending
  • All
  • National News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
Nigeria loses compensation bid over Glencore bribery

Nigeria loses compensation bid over Glencore bribery

October 27, 2022
federal government

At least 21 dead after migrant boat sinks off Senegal coast, government says

November 8, 2026
NDLEA Waives Drug Test Fees for Ministry of Interior Job Applicants

NDLEA Intercepts Multi-Billion-Naira Opioids, Loud, and Syndicate Networks in Nationwide Raids

November 8, 2026
NDLEA Waives Drug Test Fees for Ministry of Interior Job Applicants

Ugandan Woman Arrested at Lagos Airport With 87 Cocaine Wraps Concealed in Private Part

November 8, 2026
Soldiers beat policemen

Troops Rescue 119 Abducted Civilians, Foil Officer’s Kidnapping in Multi-State Operations

November 8, 2026
Obafemi Hamzat, the set man for Lagos, by Ken Ugbechie 

Obafemi Hamzat, the set man for Lagos, by Ken Ugbechie 

November 8, 2026
First Day in Office: 5 key actions of Donald Trump

Many thanks to Trump, women and minorities are soaring in American politics, by Nduka Uzuakpundu

November 8, 2026
Tompolo and the coming Tinubu electoral victory tsunami, by Jack Okude

Tompolo and the coming Tinubu electoral victory tsunami, by Jack Okude

November 7, 2026
Zamfara youths protest

ASP Detained Over Fatal Shooting of Teenage Girl During Gang Clash

November 7, 2026
Auto Draft

10 Key Things to Know about Justice Lifu’s Judgment Affecting ADC, Atiku, By Abdulrahman Abdulaziz

November 7, 2026
Federal High Court

Court sacks David Mark-led ADC leadership, voids Atiku’s presidential primary

November 5, 2026
PDP convention

PDP leadership crisis: Turaki group loses again to Wike; heads to Supreme Court

November 5, 2026
benin city

Benin to receive 40 new repatriated looted artefacts from Sweden

November 4, 2026
  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
Sunday, November 8, 2026
  • Login
Political Economist
  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
No Result
View All Result
Political Economist
No Result
View All Result
Home Business & Economy

Nigeria loses compensation bid over Glencore bribery

by Admin
October 27, 2022
in Business & Economy, National News
0
Nigeria loses compensation bid over Glencore bribery
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

October 27, 2022

Nigeria’s bid to claim compensation from a British subsidiary of mining and trading group Glencore over bribes paid to officials at Nigeria’s state oil company was denied by a London court on Wednesday.

Lawyers representing the country told London’s Southwark Crown Court that Nigerian officials should be permitted to address the court on Nov. 2 and 3, when Glencore Energy is to be sentenced having pleaded guilty to seven counts of bribery in connection with oil operations in five African countries including Nigeria.

But Judge Peter Fraser ruled that Nigeria does not have the right to be heard, as only the prosecution, in this case the UK Serious Fraud Office (SFO), and the defence can make arguments at a sentencing hearing.

Nigeria said in written arguments it is “an identifiable victim of Glencore’s admitted criminal activity”, as two of the charges to which Glencore Energy has pleaded guilty relate to payments made to Nigerian National Petroleum Corp. officials.

The SFO had argued that individuals or entities who are not involved in a criminal case do not have the right to address the court at sentencing, “even if they consider themselves to be the victims of crime”.

Alexandra Healy, representing the SFO, also said in court filings that “there is no link between the bribes paid and any loss suffered”.

Nigeria’s lawyers said Glencore is not prepared to engage on the issue of compensation, but Clare Montgomery, representing Glencore Energy, told the court that her client rejected the “attack on the corporate morals of Glencore”.

She also said the contention that Glencore is “hiding behind the SFO to avoid paying anything to [Nigeria] is simply untrue”.

Sam Tate, a partner at law firm RPC which represented Nigeria, told reporters after the hearing that the ruling demonstrated the “very urgent need to reform the rules on compensating foreign countries where we have foreign bribery offences”.

Pressure group Spotlight on Corruption said the court’s decision is “a powerful illustration of why the current compensation framework simply isn’t fit for purpose”.

REUTERS

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: GlencoreLondon’s Southwark Crown CourtSFO
Share196Tweet123
Admin

Admin

  • Trending
  • Comments
  • Latest
The Doherty brothers plot to hijack Lagos governorship, by March Oyinki   

The Doherty brothers plot to hijack Lagos governorship, by March Oyinki  

October 1, 2026
Obafemi Hamzat, the set man for Lagos, by Ken Ugbechie 

Obafemi Hamzat, the set man for Lagos, by Ken Ugbechie 

November 8, 2026
Top 11 ‘Firsts’ about US midterm elections: First open gay, first black governor, others

Top 11 ‘Firsts’ about US midterm elections: First open gay, first black governor, others

November 4, 2026
IGP Orders State CPs To Recover Fire Arms From Private Security Outfits

Jonathan Sacks IGP Abba, Appoints Arase

19
Zinox iPower Inverter Claws to Market Dominance

Zinox iPower Inverter Claws to Market Dominance

2
Police seal off Ondo House of Assembly

Police foil another suicide bomb attempt in Borno, kill three bombers

2
federal government

At least 21 dead after migrant boat sinks off Senegal coast, government says

November 8, 2026
NDLEA Waives Drug Test Fees for Ministry of Interior Job Applicants

NDLEA Intercepts Multi-Billion-Naira Opioids, Loud, and Syndicate Networks in Nationwide Raids

November 8, 2026
NDLEA Waives Drug Test Fees for Ministry of Interior Job Applicants

Ugandan Woman Arrested at Lagos Airport With 87 Cocaine Wraps Concealed in Private Part

November 8, 2026
Political Economist

Copyright © 2017 JNews.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Politics
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Business & Economy
    • Commentaries
    • Perspectives
  • Press Releases
  • International News

Copyright © 2017 JNews.