Former U.S. Executive Pleads Guilty To Bribing Nigerian Officials

September 5, 2008 4:54 p.m. EST

Houston, TX (AHN) - Engineer Albert Stanley, a former executive from engineering and construction firm Kellogg, Brown & Root, has pleaded guilty to bribing officials in Nigeria involved in the awarding of a $6 billion oil terminal project.

News reports said that Stanley, 65, who worked with the Houston, Texas-based firm and former subsidiary of Halliburton, admitted the bribe to obtain contracts in the building of liquefied natural gas facilities in Bonny Island from 1995 to 2004.

He accused his former employer of paying more than $182 million to two consulting firms to bribe Nigerian government officials at Nigeria LNG Ltd.

Stanley was charged with conspiracy to violate the Foreign Corrupt Practices Act and conspiracy to commit mail and wire fraud.

Under a plea arrangement, which the court accepted, he faces a seven year prison term and payment of $10.8 million in amends.

Stanley agreed to assist prosecutors with the ongoing investigation.