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  • Updated: June 21, 2022

UK Subsidiary Pleads Guilty To Bribery In Africa

A British subsidiary of Anglo-Swiss commodities giant, Glencore, admits to paying more than $28m in bribes to firms in five African countries between 2011 and 2016.

Glencore has formally pleaded guilty to seven counts of bribery in connection with oil operations in Cameroon, Equatorial Guinea, Ivory Coast, Nigeria, and South Sudan.

At a hearing in London’s Southwark Crown Court on Tuesday, Glencore Energy admitted to paying more than $28m in bribes to secure preferential access to oil, including increased cargoes and preferable dates of delivery and generate illicit profit between 2011 and 2016.

Aljazeera claims that among those to receive funds from the company were Cameroon’s Societe Nationale des Hydrocarbures and Societe Nationale de Raffinage, as well as the Nigerian National Petroleum Corporation (NNPC).

The United Kingdom’s Serious Fraud Office (SFO) said the Swiss-based multinational will get a verdict at a two-day hearing beginning on November 2.

Helen Taylor, a legal researcher at pressure group Spotlight on Corruption, urged the SFO to now investigate and prosecute senior executives who had condoned the wrongdoing.

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Quadri Adejumo
Quadri Adejumo

Quadri Adejumo is a reporter, sports column writer, opinion and profile writer. He tweets via @...

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