Documents in different suits filed by British energy giants, BP and Anglo-Swiss multinational commodity firm, Glencore, have revealed how fees trading firms paid agents to win oil contracts from the Nigerian National Petroleum Corporation (NNPC) raised funds for the country’s last two elections held in 2015 and 2019.
The suits were filed in London and New York, according to Bloomberg.
According to the report, ex-BP Plc oil trader, Jonathan Zarembok, alleged that cargo allocations by the NNPC could have contributed to preparations for the 2019 elections.
Zarembok said he suspected that fees paid by the United Kingdom energy giant to obtain NNPC contracts would go toward the 2019 elections.
In his witness statement, he clarified that emails sent in 2017 by a BP executive in Nigeria were a “clear red flag” and implied “there would be pressure to pay bribes.”
The emails discussed how preparations for elections would get underway in 2018.
“The company then wired $900,000 in fees to a local agent after securing two oil cargoes from NNPC,” he said.
However, the company has denied all allegations saying, “BP is defending in full and denies all allegations made by the claimant.”
Also, a former Glencore Plc employee, Anthony Stimler, in July admitted to paying a middleman $300,000 to secure a crude shipment from the NNPC.
Stimler told the court that he gathered that the money would be used to fund the 2019 elections.
Stimler, who left Glencore in 2019, pleaded guilty to corruption and money-laundering charges.
However, the NNPC is yet to issue an official statement refuting the allegations.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
If you are motivated and passionate about building a global society, founded on justice, equity, fairness, transparency, accountability and superior knowledge, kindly consider donating to Ripples Nigeria’s solutions journalism.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: Inside UNILAG’s multi-million naira budgetary abuse and academic discord
The University of Lagos located in Nigeria’s commercial capital, Lagos, has been embroiled in controversies with allegations bothering on misappropriation of...
SPECIAL REPORT: Displaced residents of Zamfara battle hunger, as underfunding derails Nigeria’s nutrition goals
On paper, Muhammad Zayyanu is seven years old. The quiet boy who looks shorter for his age could not recollect...
INVESTIGATION: N7.3bn paid for unnamed projects; how Nigerian govt spent N2.2trn in six months
Analysing nearly 3,000 payments made by various Federal Government Ministries, Departments and Agencies (MDAs) over the previous six months (January...
INVESTIGATION… Delay rocks Nigerian govt’s promise of N30,000 covid-19 relief for artisans, others
Before the outbreak of the COVID-19 pandemic in February, 2020, Chukwudi Okoroigwe’s daily earnings as a bus driver was hardly enough to cater to the...
INVESTIGATION… Ten years after, communities count losses as AfDB, Cross River govt abandon road project
Ten years after the Cross River State government and African Development Bank (AFDB) jointly awarded the Yahe-Wanokom-Wanikade-Benue border road for...