By ifeanyi okolie
Economic and Financial Crimes Commission, EFCC, said it   arrested more than 12 top executives of four multinational oil firms in separate raids between Tuesday and yesterday, for their alleged involvement in  a bribe scandal.

Information that the oil servicing firms were involved in offering bribes of over $100 million to some Nigerian officials led to the raids.
The companies, whose top executives are presently facing interrogation over the bribery scam include, Tidewater Incorporation, Transocean Incorporation, Noble Incorporation and Murphy Shipping Company, all located in Lagos State.

The travel documents of some of the executives had already been seized pending the conclusion of investigations.
EFCC had last year intensified investigations into alleged multi-million dollar bribery cases involving multi-national companies and their Nigerian accomplices.

While charges have been filed against some of the accused, others have taken the option of out of court settlement resulting in payment of over N25 billion.