• About
  • Advertise
  • Contact
Thursday, April 23, 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

NDLEA Secures Convictions Of 974 Drug Offenders In First Quarter Of 2026, 11 Kingpins Bagged 254yrs Imprisonment

At Kogi Security Summit, Governor Zulum Calls For AI-Driven Security Reforms, Urges Tackling Of Root Causes

​NDLEA Secures Interim Forfeiture Of Opioids Worth N33.6bln Seized At Onne Port, Marwa Hails Court Order

NDLEA Intercepts 2.8kg Cocaine Heading To UK, Arrest Lagos Fashion Designer Over Importation Of 2.90kg Loud From America

“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

At UniAbuja Convocation Lecture, Marwa Highlights Devastating Costs Of Drug Abuse On Economy, Security, Warns Students To Stay Off
Crime

NDLEA Secures Convictions Of 974 Drug Offenders In First Quarter Of 2026, 11 Kingpins Bagged 254yrs Imprisonment

April 22, 2026
At Kogi Security Summit, Governor Zulum Calls For AI-Driven Security Reforms, Urges Tackling Of Root Causes
Crime

At Kogi Security Summit, Governor Zulum Calls For AI-Driven Security Reforms, Urges Tackling Of Root Causes

April 21, 2026
​NDLEA Secures Interim Forfeiture Of Opioids Worth N33.6bln Seized At Onne Port, Marwa Hails Court Order
Crime

​NDLEA Secures Interim Forfeiture Of Opioids Worth N33.6bln Seized At Onne Port, Marwa Hails Court Order

April 21, 2026
NDLEA Intercepts 2.8kg Cocaine Heading To UK, Arrest Lagos Fashion Designer Over Importation Of 2.90kg Loud From America
Crime

NDLEA Intercepts 2.8kg Cocaine Heading To UK, Arrest Lagos Fashion Designer Over Importation Of 2.90kg Loud From America

April 20, 2026
Kwara Police Intercept Ammunition In Bag Of Garri, Arrest cultists, Suspected Kidnappers In Sweeping Crackdown
Crime

Kwara Police Intercept Ammunition In Bag Of Garri, Arrest cultists, Suspected Kidnappers In Sweeping Crackdown

April 18, 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

Bello Presents Staff of Office to Maigari of Lokoja, Charges Him On Security, Peace

Bello Presents Staff of Office to Maigari of Lokoja, Charges Him On Security, Peace

2 years ago
ECOWAS Observers Applaud Nigeria’s Elections, Says Generally Peaceful, Transparent

ECOWAS Observers Applaud Nigeria’s Elections, Says Generally Peaceful, Transparent

3 years ago

Nigeria records 4, 035 new cases of COVID-19

4 years ago

Troops Kill 36 Terrorists, Arrest 2 Collaborators, Rescue 130 Persons In Borno

4 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 PDP Police Power refinery rescue road Security students Tinubu troops US Women
No Result
View All Result

Highlights

FAAC Shares N2.036 trillion March 2026 Revenue Among FG, States, LGs

Nigeria’s Ambassador Designate To Algeria, Mohammed Mahmud Lele Dies In Turkiye

NDLEA Secures Convictions Of 974 Drug Offenders In First Quarter Of 2026, 11 Kingpins Bagged 254yrs Imprisonment

IMF/World Bank Meetings: Dangote Champions Infrastructure, Job Creation As Catalysts For Africa’s Economic Growth

Supreme Court Reserves Judgment In ADC Leadership Appeal

Israeli Soldiers Sentenced To Jail For Damaging Jesus Statue In Lebanon

Trending

President Tinubu Moves To Grant Debt Relief To Domestic Airlines, Scrap Ticket Charges Amid Jet A1 Crisis
Aviation

President Tinubu Moves To Grant Debt Relief To Domestic Airlines, Scrap Ticket Charges Amid Jet A1 Crisis

by Vital News
April 23, 2026
0

President Bola Ahmed Tinubu has approved plans to grant debt relief to domestic airlines and review multiple...

Troops Repel Attack On Army Location In Yobe, Kill 24 Terrorists, Recover Arms Cache

Troops Repel Attack On Army Location In Yobe, Kill 24 Terrorists, Recover Arms Cache

April 23, 2026
Details : Ex-Gov. El-Rufai Faces ICPC Charges Over ₦4.61bln CCTV Deal, $22.47mln Contracts, ₦11bln Light Rail Scam, Others

DSS Arraigns El-Rufai For “Intercepting” Ribadu’s Telephone Conversations

April 23, 2026
FAAC Shares N2.22 trillion August 2025 Revenue Among Federal, States, Local Governments

FAAC Shares N2.036 trillion March 2026 Revenue Among FG, States, LGs

April 22, 2026
Excitement As FG Reintroduces Payment Of Gratuity To Federal Civil Servants

Nigeria’s Ambassador Designate To Algeria, Mohammed Mahmud Lele Dies In Turkiye

April 22, 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

  • President Tinubu Moves To Grant Debt Relief To Domestic Airlines, Scrap Ticket Charges Amid Jet A1 Crisis April 23, 2026
  • Troops Repel Attack On Army Location In Yobe, Kill 24 Terrorists, Recover Arms Cache April 23, 2026
  • DSS Arraigns El-Rufai For “Intercepting” Ribadu’s Telephone Conversations April 23, 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