Wednesday, December 15, 2010
It appears to be a very Merry Christmas for former vice president Dick Cheney.
The government of Nigeria has negotiated a $250 million dollar settlement deal that would see charges dropped against Cheney in a bribery scandal.
Officials from Nigeria and energy monstrosity Halliburton, Cheney’s former company, must still approve the offer from the West African country’s government, according to Femi Babafemi, a spokesman for Nigeria’s anti-graft agency.
The Nigerian government worked out a settlement deal in the case following weekend negotiations in London. The original sum placed on Cheney was $500 million.
Nigerian authorities had charged Cheney in a bribery scandal linked to construction of a bribes paid to win a contract to build a $6 billion liquefied natural gas plant in Nigeria’s oil-rich southern delta when Cheney was head of Halliburton.
A source close to the case speaking on condition of anonymity confirmed the $250 million total amount, but said 100 million was in Switzerland, while a further $30 million dollars was held in Monaco.