Nigeria’s exclusion from Glencore settlement sparks calls to reform anti-bribery laws

By Harry Clynch
Posted on Wednesday, 23 November 2022 12:16

Glencore's headquarters in Baar, Switzerland, in 2020. © Fabrice COFFRINI/AFP

A London court's decision to exclude Nigeria from a multi-million-dollar settlement is fueling calls to reform international anti-bribery laws, which often leave African victims of corruption hanging.

Earlier this month, the Southwark Crown Court ordered Swiss multinational commodity trading and mining company Glencore to pay £281m ($334m) in fines, confiscated profit and sanctions. The ruling came in June after Glencore pleaded guilty to seven charges of bribing officials at the state oil company Nigerian National Petroleum Corp (NNPC) and other energy firms across Africa.