In return for dropping charges against former Vice President Dick Cheney and other top execs at Halliburton, the company has offered to pay fines upwards of $250 million to the Nigerian anti-graft agency, the Economic and Financial Crimes Commission.
Halliburton has become for many Nigerians the unacceptable face of foreign investment. Many will suspect that the Halliburton offer is a payoff, the skids for which were greased by bribes to high level officials. I think that is too cynical. Halliburton would be much too careful for that scenario.