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Siemens Sets Aside $1.3Bn for Bribery Scandal, Hires Templars

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Siemens AG, the world’s largest engineering company has retained Templars, Nigeria’s full service law firm on legal issues arising from the company’s internal anti-corruption investigations as well as the applicability of compliance sanctions in its Nigerian subsidiary.
This is coming as the German firm set aside 1 billion euros about ($1.3 billion) to settle United States and German charges that it bribed officials in at least a dozen countries to win contracts.
Nigeria CommunicationsWeek gathered that the Munich-based Siemens provision, affected earnings for the year ended September 30 and is based on the “status of ongoing discussions” with authorities.
It would be recalled that a German court in Munich had named some past Nigerian Ministers of Communications as well as a Senator as having received bribes of about 10 million Euros from the German engineering conglomerate.
The court, in an October 4, 2007 ruling, listed Major General Tajudeen Olanrewaju, Dr. Bello Haliru Mohamed, Chief Cornelius Adebayo and Alhaji Haruna Elegí, as well as Senador Jibril Aminu among the alleged bribe recipients.
The court indicted Siemens for offering 77 bribes to cabinet ministers in Nigeria, Libya and Russia, to win lucrative contracts.
Following the indictment, President Umaru Musa Yar’Adua had, in December last year, suspended all contracts with Siemens while directing “all the relevant security agencies to thoroughly investigate the allegations and take appropriate legal actions against anybody implicated in corrupt practices.”
Indicted officials in Nigeria described the allegation as “strange and bewildering, malicious, libelous and wicked evil designs by political opponents”.
But the German maker of power plants and trains is seeking an accord with the U.S. Securities and Exchange Commission and the Justice Department to end a two-year bribery investigation.
 The scandal erupted in November 2006 and led to probes in at least a dozen countries. The company found at least 1.3 billion euros in “unclear payments” made from 2000 to 2006, which may have been used to bribe customers for orders.
Last week, Wolfgang Ru., 69, and Heinz K.-von J., 58, two former Siemens AG managers told a Munich court that they helped hide illegal payments by establishing a secret accounting system and used sham contracts for payments into slush funds.
The confessions were the result of an agreement between the court, prosecutors and defense lawyers.
The men entered their confessions after Peter Noll, presiding Judge said that the court wouldn’t give Ru more than a one- year suspended sentence and K.-von J. more than a two-year suspended term and a fine if they admitted guilt.
According to the indictment, the men helped make payments of 73 million euros into slush funds. Some of the money was used to bribe Nigerian government officials. Bribes were also paid in Russia, according to prosecutors.
With the new twist, Siemens will rely on Templars in Nigeria to resolve the two-year-old bribery scandal.
Templars prides itself in its sector strengths which cover diverse areas of the law including corporate and commercial, energy and natural resources, telecommunications, foreign investment, shipping and maritime, aviation, taxation, commercial litigation, alternative dispute resolution and project finance.

 


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LIRS to Invoke NTAA to Recover Unpaid Taxes from Bank Accounts, Others

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Lagos Internal Revenue Service (LIRS) pursuant to Section 60 of the Nigeria Tax Administration Act (NTAA), plans to ask Nigerian banks to debit bank accounts of employers who failed to remit tax liability.

LIRS to Invoke NTAA to Recover Unpaid Taxes from Bank Accounts

This was disclosed in a recent notice on Sunday.

LIRS stressed that the move was in line with the implementation of the country’s NTAA and other new tax laws, which took effect on January 1, 2026.

“Where a taxpayer fails, neglects, or refuses to settle any established outstanding tax liability when due, LIRS may exercise its power under Section 60 to direct any of the following persons to pay the amount owed by the taxpayer:

“Banks and other financial institutions; Employers; tenants, debtors, or customers of the taxpayer; Agents, business partners, and any person holding money on behalf of the taxpayer; Any person owing money to the taxpayer, whether presently due or accruing. Once a substitution notice is issued, the person served is statutorily required to remit to LIRS the amount. Specified in the notice from funds belonging to, or payable to, the defaulting taxpayer,” the LIRS notice partly read.

Meanwhile, Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, weeks ago ruled out claims that the government would debit personal accounts over tax remittances.


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Anambra Cuts Monday Pay to Kill Sit-at-Home

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Anambra State will implement pro-rata salary payments for civil servants starting February 2026, targeting chronic Monday absenteeism from the long-running sit-at-home order, Information Commissioner Dr. Law Mefor announced Saturday.

Anambra Cuts Monday Pay to Kill Sit-at-Home

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Speaking at an Awka briefing after the Executive Council’s end-of-tenure retreat, Mefor said improved security and transport have eliminated excuses for the four-year disruption, which cost the state trillions in lost revenue. “Workers enjoyed full pay despite staying away; now, no work means no pay for that day, calculated over 24 working days,” he stated.

Compliance measures include mandatory Monday clock-in forms, with markets urged to reopen fully amid bolstered security. This builds on a January 22 executive order docking 20% pay from teachers absent on Mondays.

Mefor warned that lost Mondays cripple revenue collection and productivity, rejecting alternatives like Saturday shifts as capitulation to agitators.


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Stakeholders Demand Stronger Governance and Infrastructure to Drive Tech Adoption @ Lagos AI Summit

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As AI adoption accelerates across Nigeria, leaders at the “AI in Action Now” conference 2026 have called for a balance between rapid innovation and strict regulatory governance. The event, held at the Lagos Oriental Hotel, highlighted both the doggedness of Nigerian builders and the risks of unregulated data usage.

Dotun Adeoye, Co-Founder of AI Nigeria, raised alarms over “Shadow AI”, a trend where employees upload sensitive official documents to public AI platforms. He praised the Nigerian Data Protection Commission (NDPC) for its recent aggressive stance, including multi-million-dollar fines against major banks and social media brands.

“Innovation without governance is dangerous. The regulator now has the job of educating players. We are working in partnership with them to ensure players don’t just get fined, but actually understand how to protect data locally rather than storing it abroad, ” Adeoye noted.

Addressing issues of lack of infrastructure to carry AI adoption, Conference Convener Debola Ibiyode admitted that while Nigeria lacks the traditional foundation for AI adoption, the tech community cannot afford to wait.

“The simple answer is we don’t have the infrastructure, but Nigeria has never really had infrastructure to drive anything, and we still thrive, ” Iboyode said, encouraging students and builders to look beyond current limitations. “Once we start to build based on what we have now, it will encourage those who need to provide the infrastructure to do their part. The world will not wait for us,” she insisted.

To bridge this gap, she highlighted the AI Foundry Africa, an incubator designed to mentor ideas into market-ready products.

Meanwhile, speaking to journalists on the sidelines, Biodun Ogunleye, the Lagos State Commissioner of Energy and Mineral Resources, echoed the sentiment that the government’s role is to facilitate the right environment through partnership. He emphasized that data generated from interactions with the government must have long-term value.

“We must ensure that in all facets from production to interaction with government, the tools required to ensure data has value are appreciated,” Ogunleye stated.

He concluded that through private-sector collaboration, the government can focus on its primary functions while leveraging AI to ensure the nation aspires for the future.


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