The United Kingdom Government said it had signed a Memorandum of Understanding MoU that would enable it to return to Nigeria 210,610 euro compensation relating to the use of corrupt agents in the oil and gas sector.
The British High Commission in Nigeria in a statement said the compensation was made following a successful investigation by the U.K’s Serious Fraud Office.
It said that the MoU was signed by the Federal Government of Nigeria and the Government of the United Kingdom of Great Britain and Northern Ireland in a joint commitment to continue the fight against corruption.
The commission said that the MoU was signed by the Minister for Africa, Vicky Ford, and the Attorney General for Nigeria, Abubakar Malami.
It said that the MoU sets out the terms and understanding between the UK Government and the Nigerian Government to make this compensation payment.
The minister said that the compensation payment from the UK to Nigeria was secured after a four-year corruption investigation led by the Serious Fraud Office in the U.K.
