
The Nigerian authorities have dropped criminal bribery charges against Halliburton and Dick Cheney, the former vice president, following the oil services giant’s agreement to a $35 million settlement, the company said in statement this week. Nigerian officials said last week that the settlement would amount to $250 million.
Mr. Cheney was chief executive of Halliburton from 1995 to 2000.
The Nigerian charges, filed in early December, were just the latest fallout from a $180 million bribery scheme that Kellogg Brown & Root, a former Halliburton subsidiary, has admitted carrying out with three other companies in a joint venture to develop a liquid natural gas facility in the Niger Delta.
In 2009, Kellogg Brown & Root pleaded guilty in federal court in the United States to paying the bribes. Halliburton and KBR paid a record $579 million fine to settle the federal charges, and this April, a top KBR executive was sentenced to seven years in prison for his role.