Siemens Top Officials in Marathon Meeting
Posted by Mark Frost on Dec 7, 2007
Highway Africa News Agency (Grahamstown) 7 December 2007 Posted to the web 7 December 2007 Remmy Nweke Lagos A high-level management meeting at Siemens headquarters in Nigeria went beyond the scheduled time to address Siemen s concern over a bribery scam in Nigeria and Russia that led to the Federal Executive Council putting a ban on all its official transactions.
It is alleged that Siemens was involved in over 12 million euros in a bribery scam in Nigeria and Russia, while an estimated 10 million euros was expended on Nigerian government officials; mostly Ministers of Communications in the last eight years. Confirming the marathon session, Siemens Head of Corporate Communications, Mr.
Olusegun Akinlabi, said he could not comment on the official reaction of the company for now, but noted that the meetings have been going on since morning till late afternoon on Wednesday 05 December 2007.