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| Company | Halliburton [Company Info] |
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| Date | Issue | Title |
| 15th Jun 2003 | Fraud Investigation | Nigeria Fraud Investigation |
| Report |
| LAGOS, June 18 (Reuters) - Nigerian President Olusegun Obasanjo has ordered an investigation into alleged fraud by a local unit of U.S. oil services firm Halliburton Co (nyse: HAL - news - people), his spokeswoman said on Wednesday. Spokeswoman Remi Oyo told Reuters that the order was given on Monday, and was part of a wider anti-corruption drive by Obasanjo, who was re-elected for a second term in April. The move follows disclosures by Houston-based Halliburton to the U.S. Securities and Exchange Commission (SEC) last month that it may owe up to $5 million in taxes to Nigeria, the world's eighth largest oil exporter. The world's second biggest oil services company also disclosed that it paid $2.4 million to an entity owned by a Nigerian national in order to get favourable tax treatment in the West African country. Halliburton, once run by U.S. Vice-President Dick Cheney, admitted at the time that the payments "clearly violated" its code of conduct. It said it was cooperating with the SEC in reviewing the situation, and that several employees had already been fired in connection with the affair. "The president has ordered an investigation into it," said Oyo. "It's Halliburton itself that owned up to the fact that they had given some money to an official in exchange for favourable tax treatment. So, the president would like to know who this official was and what processes he took." She said the investigation would be carried out by the police and other security agencies, and could eventually be brought before the country's anti-corruption commission. "He (Obasanjo) said only on Sunday that all those who are contributing to bleeding the Nigerian economy will be brought to book, and this is what this is about," Oyo said. "Anyone who acts against the interest of Nigeria cannot be seen to be a friend of Nigeria." Copyright 2003, Reuters News Service |
| Other Reports on Halliburton | |||
| Date | Issue | Company | Report |
| 12th Jul 2006 | Other Issue | Halliburton | US Army to end Halliburton deal |
| 24th Mar 2006 | Fraud Investigation | Halliburton | Ex-Halliburton staff in Saudi kickback |
| 23rd Aug 2005 | Other Issue | Halliburton | Halliburton worker admits bribes |
| 15th Mar 2005 | Other Issue | Halliburton | Halliburton in $108m Iraq probe |
| 4th Dec 2004 | Other Issue | Halliburton | Halliburton asbestos deal 'final' |
| 25th Nov 2004 | Other Issue | Halliburton | Halliburton faces 'payment cut' |
| 29th Oct 2004 | Fraud Investigation | Halliburton | FBI 'studying Halliburton deals' |
| 15th Oct 2004 | Questionable Practice | Halliburton | US agrees to Halliburton inquiry |
| 21st Sep 2004 | Questionable Practice | Halliburton | Halliburton hit with Nigeria ban |
| 17th Aug 2004 | Other Issue | Halliburton | US Army suspends Halliburton decision |
| 3rd Aug 2004 | Fraud Investigation | Halliburton | Halliburton settles accounts case |
| 20th Jul 2004 | Questionable Practice | Halliburton | Halliburton Iran deals under fire |
| 19th Jun 2004 | Other Issue | Halliburton | Halliburton cuts off KBR ex-boss |
| 19th May 2004 | Questionable Practice | Halliburton | Pentagon suspends Halliburton payments |
| 10th May 2004 | Questionable Practice | Halliburton | Halliburton seeks to settle Asbestos Liability |
| 17th Mar 2004 | Other Issue | Halliburton | US to withhold Halliburton bills |
| 17th Dec 2003 | Questionable Practice | Halliburton | Halliburton bankrupts own units |
| 12th Dec 2003 | Questionable Practice | Halliburton | Halliburton Questioned regarding Iran |
| 22nd Nov 2003 | Fraud Investigation | Halliburton | Halliburton in Iraq fuel costs row |
| 13th Jun 2003 | Questionable Practice | Halliburton | Halliburton awarded US military contact |
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