AntiWailer:
They are mad.

How much did we lose to them ?

When corrupt thieves spend our money to buy Rolls Royce ?

Berbierklaus:

My daddy!!!
I am basking

No dingbat can stop my shine

Damilare5882:
I am too addicted to Nairaland.. ... Making first to comment while in church

Damilare5882:
I am too addicted to Nairaland.. ... Making first to comment while in church

Damilare5882:
I am too addicted to Nairaland.. ... Making first to comment while in church

lastmaster:
You in church and still on Nairaland, you can't serve two masters at a time.Bro, you need deliverance of fire.Because if the son shall set you free, ye shall be free indeed.

Babzilla:

---

AntiWailer:
They are mad.

How much did we lose to them ?

When corrupt thieves spend our money to buy Rolls Royce ?

Damilare5882:
I am too addicted to Nairaland.. ... Making first to comment while in church

Fernandowski:
I don't know where I kept my 200 naira and my chest is already doing me somehow

Jeffrey12:
I dont give a Bleep ...

Only the rich give a Bleep

Damilare5882:
I am too addicted to Nairaland.. ... Making first to comment while in church

bid4rich:



It shows who rules your life... Bad habit

Damilare5882:
I am too addicted to Nairaland.. ... Making first to comment while in church

Damilare5882:
I am too addicted to Nairaland.. ... Making first to comment while in church

Damilare5882:
I am too addicted to Nairaland.. ... Making first to comment while in church

Yarnvibes:
Rolls-Royce has reported £4.6bn ($5.7bn) annual loss largely due to currency depreciation and payment of $808m fine to affected countries where it was involved in corrupt practices.

According to a news agency, The Nerve, the motoring company had last month (January) apologised for the corruption case that centred around allegations that the group hired middlemen to broker deals in a number of countries including Nigeria, South Africa and Angola.

In 2016, Rolls-Royce and its agent company in Nigeria, PSL Engineering and Control, ordered to supply gas turbines to power plants in the oil states of Bayelsa and Delta, were accused of various projects, especially to Oghareki power plant in Delta that cost $100m but was never completed.

Findings from an investigation conducted by the Guardian and the British Broadcasting Corporation had uncovered leaked documents and testimony from insiders that suggested that Rolls-Royce might have benefited from the use of illicit payments to key officials and politicians to boost profits for years.

The Guardian/BBC investigation, called Panorama, revealed that Nigeria, Angola and South Africa were part of the 11 countries the company had hired intermediaries.

The investigation also revealed Rolls-Royce hired Fana Hlongwane, who is close to South Africa’s ANC government, in 2008 to help broker deals in the country.

Although, Nigeria or South Africa have yet to get any amount from the agreement, the company revealed last month it had agreed to pay £671m to settle corruption cases with the United Kingdom, the United States and Brazilian authorities.

The company’s Chief Executive, Warren East, took the helm in 2015 and has been tasked with turning around the company.

East said, “While we have made a steady start, more remains to be done. The addition of new management and a renewed focus within the business leadership teams, with clear goals and stronger accountabilities, should provide a strong platform for further progress in 2017.”

He added he would reveal further plans about the firm’s direction later this year.

****.

http://www.kikiotolu.com/2017/02/rolls-royce-loses-57bn-to-corruption-in.html

Lalasticlala Mynd44 seun Dominique

richeeyo:

I hope you get Internet connection in hell

Gerrard59:


Wrong. The Rolls-Royce in the article is the engine maker and not the luxury car manufacturer. Totally different.

Different management, different industry. Rolls-Royce as engine maker (aviation, maritime industry) not Rolls-Royce Motors as owned by her parent BMW.

Please rectify.



Wrong. This is the company's worst results in decades. Rolls-Royce is one the few remaining British industrial giants and with May's administration talking industrials and manufacturing, anything that happens to this firm negatively will disturb her.

Furthermore, albeit, I don't condone corruption but heavy fines like this severely affects western corporations vis-a-vis their Chinese and Indians counterparts. Rolls-Royce is not at fault. The fault lies with the respective governments. Majority of African governments demand kickbacks in return for contracts, in my opinion, give them what they want and get the contract. It's their loss (corrupt governments) not the company's. If not the Chinese, Russians and Indians will get it (contracts). Business doesn't know sentiments.

Damilare5882:
I am too addicted to Nairaland.. ... Making first to comment while in church

Lasskeey:
...

Damilare5882:
I am too addicted to Nairaland.. ... Making first to comment while in church

Damilare5882:
I am too addicted to Nairaland.. ... Making first to comment while in church

Jeffrey12:
I dont give a Bleep ...
Only the rich give a Bleep

Damilare5882:
gbenu soun jor ...your are daft.. So the comment and quoting you just made didn't help Seun aabi ..think before you comment ..fool..you don't know mw,you don't know what I do ...so just shut the fccccuuuukkkkup and get a life .. Mofo

Damilare5882:
I am too addicted to Nairaland.

Damilare5882:
Making first to comment while in church

Gerrard59:


Wrong. The Rolls-Royce in the article is the engine maker and not the luxury car manufacturer. Totally different.

Different management, different industry. Rolls-Royce as engine maker (aviation, maritime industry) not Rolls-Royce Motors as owned by her parent BMW.

Please rectify.



Wrong. This is the company's worst results in decades. Rolls-Royce is one the few remaining British industrial giants and with May's administration talking industrials and manufacturing, anything that happens to this firm negatively will disturb her.

Furthermore, albeit, I don't condone corruption but heavy fines like this severely affects western corporations vis-a-vis their Chinese and Indians counterparts. Rolls-Royce is not at fault. The fault lies with the respective governments. Majority of African governments demand kickbacks in return for contracts, in my opinion, give them what they want and get the contract. It's their loss (corrupt governments) not the company's. If not the Chinese, Russians and Indians will get it (contracts). Business doesn't know sentiments.

Mrcapability7:
Really how much did they made in the while ? aren't they royce participant in corruption, to them na small change

Mrcapability7:
Really how much did they made in the while ? aren't they royce participant in corruption, to them na small change