Swiss paper reveals Deloitte’s concerns over Addax’s Nigerian payments


As the Chinese-owned Addax Petroleum winds up its operations on December 10, a confidential document has emerged showing how the company allegedly paid millions of dollars in bribes to Nigerian officials to secure juicy contracts in the oil industry, Premium Times reports.

According to the report, there were payments for “questionable transactions” to Nigerian lawyers and a Nigerian engineering firm, Kaztec Engineering, with a huge chunk of the money believed to be used to allegedly bribe government officials.

The document, a report by leading audit firm Deloitte obtained this week by Swiss newspaper, Le Temps, said payments in excess of $20 million were made to four Nigerian “legal advisors” (one of them based in the U.S.), while more than $80 million was paid to Kaztec Engineering Limited for questionable projects.