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Hemscott: Shell, Chevron probed over payments in Nigeria – report

LONDON (Thomson Financial) – Anti-corruption investigators are probing payments by ChevronTexaco and Royal Dutch Shell to a company owned by a former Nigerian politician they suspect to be involved in money laundering activities, the Financial Times on Saturday reported, quoting Nuhu Ribadu, chief of Nigeria’s Economic and Financial Crimes Commission.

The politician is being investigated by British and Nigerian authorities over sums he is alleged to have accumulated during his years in office, it said.

Ribadu told the FT he was ‘investigating huge payments made by Shell and Chevron’ to a company owned by the politician.

Chevron said it had complied with anti-corruption laws, reported the FT, while Shell said the company linked to the politician was on its register of approved contractors. It declined to elaborate on the amount and type of work done by the company, the newspaper said.

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