Financial Times FT.com

UK agency failed to tackle Nigeria bribes claim

By Michael Peel andThomas Catan in London

Published: June 22 2005 03:00 | Last updated: June 22 2005 03:00

Despite a well-publicised drive to clean up corruption by multinational companies in Africa, Britain's export credit agency did little to investigate serious allegations of bribery at a huge Nigerian gas project it helped underwrite, according to internal documents released to the Financial Times.

The Export Credits Guarantee Department did little more than ask Halliburton - one of four companies accused of paying $172m (€142m, £94m) in bribes - whether the allegations were true, according to the papers obtained under the Freedom of Information act.

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