Investigation focuses on bribes to government officials
Rolls-Royce says it is co-operating with the authorities

A U.K. investigation into bribery at Rolls-Royce Holdings Plc has reached Nigeria as the Serious Fraud Office looks at the company’s former operations in the oil-rich country, according to a person with knowledge of the matter.

The investigation is focusing on whether agents acting for the company bribed government officials in connection with energy tenders through the year 2013, said the person, who declined to be identified because the matter is private. A spokeswoman for the SFO declined to comment Thursday.

“Concerns about bribery and corruption involving intermediaries in a number of overseas markets remain subject to examination by the Serious Fraud Office and other authorities," said a Rolls-Royce spokesman. "We are co-operating with the authorities.”

The SFO asked Rolls-Royce to look into possible corruption concerns, and in 2012, the London-based company handed over details on what it called “matters of concern” uncovered in China and Indonesia. A year later, the SFO opened an investigation into whether Rolls-Royce engaged local agents in return for orders and whether that could constitute corruption.

The Financial Times reported on the probe earlier Thursday.

http://www.bloomberg.com/news/articles/2016-05-19/rolls-royce-corruption-probe-said-to-expand-to-nigeria-bribes

Britain’s Serious Fraud Office (SFO) is currently investigating Rolls Royce, a British company, and Victor Ochei, former speaker of the Delta state house of assembly.

According to Financial Times, investigators are trying to establish if the company bribed Nigerian officials for energy deals, and to also find out the role Ochei played in the $100 million deal involving Oghareki power plant, an uncompleted project in Delta.

The contract was awarded to Davnotch Nigeria, a company founded by Ochei.

The newspaper said Norbert Osodi, Davnotch’s managing director, claimed that the company was not aware of the SFO investigation.

He reportedly said Davnotch had won the Oghareki tender through proper processes, adding that past allegations of corruption against the project were “not credible” and had been mounted by Ochei’s political enemies.

Osodi said there was no conflict of interest between Ochei’s simultaneous holdings of a majority shareholding in Davnotch and his political seat, because the parliamentary position was part-time.

Ochei divested his interest in Davnotch in June 2011, when he became speaker.

FT said attempts to reach Ochei were unsuccessful. Neither he nor the Delta state government responded to requests for comment submitted through their websites.

A Nigerian company called PSL Engineering & Control allegedly acted for Rolls-Royce on projects to supply gas turbines to power plants in Bayelsa and Delta states.

A PSL official who answered the phone at the company’s Lagos headquarters said he was not aware of any investigation, but Rolls Royce said it was co-operating with relevant authorities.

“We have made it clear that Rolls-Royce will not tolerate business misconduct of any kind,” it said.

Warren East, the chief executive appointed in July, 2015, has said unethical behaviour will not be tolerated and the group has cut the number of third-party agents used abroad significantly over the past few years.

https://www.thecable.ng/uk-investigates-rolls-royce-nigerian-politician-named-100m-fraud

Nigeria's integrity has deteriorated to the extent that any bribery charge in an international organization, they must surely look our side for investigation.

Nigeria; the new SI unit for corruption

Ok

Mehn...

Isoryt



But not withstanding, me must chop my own share oo, whether the devil like it or yes.
If you agree with me hit the like button

A signboard outside a restaurant read "eat as much as
you can, your grand children will pay the Bill"... A man
entered the restaurant and ate as he could, got a
toothpick and was relaxing when the waiter gave him the
bill he laughed and pointed to the signboard, don't you
see, "only my grandchildren will pay" The waiter replied,
"This is not your bill, it's your grandfather's Bill"........the
man fainted.

www.donariok.mywapblog.com for more

b

Corruption everywhere you go...

Another corruption case

We are hopeful that this will not end in the Court of Opinion


www.nairaland.com/2072062/need-final-year-project#45974800

symbianDON:
Nigeria; the new SI unit for corruption

NL.. like we have 56467467mega NL magnitude of corruption in naija now. .

Nigeria and corruption is like bread and butter..........

Most every international corruption case involves Nigeria? they should just change the name corruption in dictionary and put Nigeria there

Shame, Very shameful!

Who this time?




SARAKI OR DAVID MARK?

Naija representing...

Yet we have average Nigerians defending corrupt people every day....

no one is talking about where the ceo of Roll Royce originates from, why now? maybe UK wants to kill the company

Why Must Nigeria be involved in every corrupt case??

Does it mean that the world "Nigeria " is synonymous with corruption??

tbaba1234:
Yet we have average Nigerians defending corrupt people every day....

And these are unemployed/underemployed graduates or undergraduates with already saturated employment market in their sight. People who are still being fed by their parents.

Who rolls EPP

Halliburton scandal

2013 when bribery was wearing cap and walking the streets with walking stick

nigeria self....
Ochei dis wan na im make pipo no boda vote u so. na ''WA'' for ''WIRE'' road oo


Anyway am still gonna ride my own phantom....come..2018

A fantastically corrupt British company from a fantastically corrupt British nation...trying to make Nigeria look worse than them.

Shior!

The mumu above me thinks this is an efcc investigation!

rockiedink:
A fantastically corrupt British company from a fantastically corrupt British nation...trying to make Nigeria look worse than them.

Shior!

Doesn't change the fact that we are a catastrophically corrupt nation

symbianDON:
Nigeria; the new SI unit for corruption

reading....