• About
  • Advertise
  • Contact
Sunday, February 1, 2026
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Crime

$778mln Fine Slammed On Lafarge For Financing Terror Groups

Vital News by Vital News
October 19, 2022
in Crime
0
Share on FacebookShare on Twitter

Lafarge, a global building materials manufacturer headquartered in France, and Lafarge Cement Syria, S.A. (LCS), a Lafarge subsidiary headquartered in Syria, pleaded guilty to a one-count criminal information charging them with conspiring to provide material support and resources to the Islamic State of Iraq and al-Sham (ISIS) and the al-Nusrah Front (ANF), both U.S.-designated foreign terrorist organizations.

Immediately following the defendants’ guilty pleas yesterday, United States District Judge William F. Kuntz, II sentenced the defendants to terms of probation and to pay financial penalties, including criminal fines of $90.78 million and forfeiture of $687 million, totaling $777.78 million.

The charges arose out of the defendants’ scheme to pay ISIS and ANF in exchange for permission to operate a cement plant in Syria from August 2013 to October 2014, which enabled LCS to obtain approximately $70.30 million in revenue.

Breon Peace, United States Attorney for the Eastern District of New York; Lisa O.

Monaco, the Deputy Attorney General of the United States; Matthew G. Olsen, Assistant Attorney General of the Justice Department’s National Security Division; Michael J. Driscoll, Assistant Director-in-Charge, Federal Bureau of Investigation, New York Field Office (FBI); Michael Alfonso, Acting Special Agent-in-Charge, Homeland Security Investigations, New York (HSI); and Keechant L. Sewell, Commissioner, New York City Police Department (NYPD), announced the guilty pleas and sentences.

RelatedStories

Police Arrest Seven Suspects Over Killing Of Five Forest Rangers At Old Oyo National Park

Bandits Attack Passenger Bus In Kogi, Kill Five, Abduct Several Others, Four Missing

Police Uncover Illegal Baby Factory In Ekiti

NDLEA Unveils Project To Locate, Establish Alternatives To Illicit Drug Cropping

“In the midst of a civil war, Lafarge made the unthinkable choice to put money into the hands of ISIS, one of the world’s most barbaric terrorist organizations, so that it could continue selling cement,” said United States Attorney Peace. “Lafarge did this not merely in exchange for permission to operate its cement plant – which would have been bad enough – but also to leverage its relationship with ISIS for economic advantage, seeking ISIS’s assistance to hurt Lafarge’s competition in exchange for a cut of Lafarge’s sales. Today, Lafarge has admitted and taken responsibility for its staggering crime.

Never before has a corporation been charged with providing material support and resources to foreign terrorist organizations.

This unprecedented charge and resolution reflect the extraordinary crimes committed and demonstrates that corporations that take actions in contravention of our national security interests in violation of the law will be held to account.”

“The terrorism crimes to which Lafarge and its subsidiary have pleaded guilty are a vivid reminder of how corporate crime can intersect with national security,” said Deputy Attorney General Monaco.

“The defendants partnered with ISIS, one of the most brutal terrorist organizations the world has ever known, to enhance profits and increase market share—all while ISIS engaged in a notorious campaign of violence during the Syrian civil war.

“This case sends the clear message to all companies, but especially those operating in high-risk environments, to invest in robust compliance programs, pay vigilant attention to national security compliance risks, and conduct careful due diligence in mergers and acquisitions.”

“The defendants routed nearly six million dollars in illicit payments to two of the world’s most notorious terrorist organizations—ISIS and al-Nusrah Front in Syria—at a time those groups were brutalizing innocent civilians in Syria and actively plotting to harm Americans,” said Assistant Attorney General Olsen.

“There is simply no justification for a multi-national corporation authorizing payments to designated terrorist organizations.”

“As today’s guilty plea demonstrates, Lafarge was motivated by greed and self-interest when it turned a blind eye

Tags: Financegroupslafargeterror
Previous Post

Zulum Orders Introduction Of Vocational Skills In 3,226 Almajiri Schools

Next Post

Buhari To Commission First Off-shore Petroleum Terminal In Lekki

Vital News

Vital News

RelatedStories

Police Begin Manhunt For Killers Of Three Officers, Two Vigilante In Kogi
Crime

Police Arrest Seven Suspects Over Killing Of Five Forest Rangers At Old Oyo National Park

February 1, 2026
Bandits Kill 7 Persons In Katsina
Crime

Bandits Attack Passenger Bus In Kogi, Kill Five, Abduct Several Others, Four Missing

February 1, 2026
Police Begin Manhunt For Killers Of Three Officers, Two Vigilante In Kogi
Crime

Police Uncover Illegal Baby Factory In Ekiti

January 27, 2026
NDLEA Unveils Project To Locate, Establish Alternatives To Illicit Drug Cropping
Agriculture/ Water/ Mineral

NDLEA Unveils Project To Locate, Establish Alternatives To Illicit Drug Cropping

January 27, 2026
NDLEA Arrests 30 year-old Brazilian Lady For Importing White Heroine Worth N3billion Into Nigeria
Crime

NDLEA Arrests 30 year-old Brazilian Lady For Importing White Heroine Worth N3billion Into Nigeria

January 25, 2026
Next Post

Buhari To Commission First Off-shore Petroleum Terminal In Lekki

Don’t Abandon Your Duties For Election Campaign, Buhari Warns Ministers, Other Appointees

Floods : Gas Scarcity Looms As NLNG Declares Force Majeure

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Tinubu Meets Osun APC Governorship Aspirants, Sues For Unity Among Party Members

Tinubu Meets Osun APC Governorship Aspirants, Sues For Unity Among Party Members

2 months ago
Dangote Cement Marks 2024 Sustainability Week, Donates To Communities, Orphanage In Kogi

Dangote Cement Marks 2024 Sustainability Week, Donates To Communities, Orphanage In Kogi

1 year ago
Ododo Swears In 21 New LG Chairmen, Charges Them On Grassroots Development

Ododo Swears In 21 New LG Chairmen, Charges Them On Grassroots Development

1 year ago
Angolan President, Lourenço Invites Tinubu For Urgent Talk

Angolan President, Lourenço Invites Tinubu For Urgent Talk

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu troops US
No Result
View All Result

Highlights

Socialite Businessman And Advertising Mogul, Chief Olu Falomo Dies At 87

President Tinubu Returns To Nigeria After State Visit To Turkiye

Aftermath Of N5.8BLN Renovation by Gov. Makinde, NPFL Declares Lekan Salami Stadium Unsuitable To Host League Matches

Dangote, China’s XCMG Seal Strategic Partnership On Infrastructure, Mining, Green Equipment

We Did Not Shift For Power, But For Purpose – Gov. Agbu Kefas, Decamps To APC Officially

FG Hands Over Ikere Gorge Hydropower Plant To Concessionaire

Trending

2027 : PDP Vows To Return To Power In Kogi, Moves To Woo Back Defectors To APC, ADC
Politics

PDP Remains Answer To Nigeria, Kogi Challenges, Says Gambo, Kogi Chairman,

by Vital News
February 1, 2026
0

The Chairman of Kogi State PDP, Hon. Muhammed Sanni Gambo, has reaffirmed the party's commitment to inclusivity...

Police Begin Manhunt For Killers Of Three Officers, Two Vigilante In Kogi

Police Arrest Seven Suspects Over Killing Of Five Forest Rangers At Old Oyo National Park

February 1, 2026
Bandits Kill 7 Persons In Katsina

Bandits Attack Passenger Bus In Kogi, Kill Five, Abduct Several Others, Four Missing

February 1, 2026
Socialite Businessman And Advertising Mogul, Chief Olu Falomo Dies At 87

Socialite Businessman And Advertising Mogul, Chief Olu Falomo Dies At 87

February 1, 2026
ADSW2026 :  President Tinubu Back In Nigeria

President Tinubu Returns To Nigeria After State Visit To Turkiye

January 31, 2026
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • PDP Remains Answer To Nigeria, Kogi Challenges, Says Gambo, Kogi Chairman, February 1, 2026
  • Police Arrest Seven Suspects Over Killing Of Five Forest Rangers At Old Oyo National Park February 1, 2026
  • Bandits Attack Passenger Bus In Kogi, Kill Five, Abduct Several Others, Four Missing February 1, 2026

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In