MOU between UK and Nigeria in relation to a compensation payment of £210,610
This MOU relates to the terms of the deferred prosecution agreement between the SFO and Amec Foster Wheeler Energy Limited in July 2021.
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On 1 July 2021, the Serious Fraud Office entered into a Deferred Prosecution Agreement (DPA) with Amec Foster Wheeler Energy Limited (AFWEL) relating to the use of corrupt agents in the oil and gas sector.
Under the terms of the DPA, AFWEL paid a financial penalty and costs amounting to £103 million in the UK, which formed part of the US$177 million global settlement with UK, US and Brazilian authorities.
The amounts paid by AFWEL in the UK include payment of the SFO’s costs of £3.4 million and payment of compensation to the people of Nigeria of £210,610.
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