A United States court has found Paulinus Okoronkwo, a Nigerian-American, guilty of receiving a $2.1 million bribe.
Okoronkwo, former general manager of the Nigerian National Petroleum Corporation (NNPC), now NNPC Limited, was found guilty of transactional money laundering, tax evasion, and obstruction of justice.
Source: Twitter
Prosecutors said while serving as NNPC’s upstream division general manager, Okoronkwo abused his position by accepting a $2.1 million payment from Addax Petroleum, a Switzerland-based subsidiary of China’s state-owned Sinopec.
The money, wired in October 2015 to his law firm’s trust account in Los Angeles, was disguised as payment for consultancy services — but was a bribe to secure favourable drilling rights in Nigeria.
Source: Legit.ng