Bank publishes names and account details of Forex defaulters – ::: … The Tide News Online ::: …

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The Nigerian National Petroleum Corporation (NNPC) has responded to an allegation that fees paid by trading companies to agents to win oil contracts with the company could have raised funds for the country’s last two elections.
Nigeria’s last two general elections held in 2015 and 2019.
The competition for the presidential seat mainly took place between ex-President Goodluck Jonathan and President Muhammadu Buhari in 2015, while it was between Buhari and former Vice President Atiku Abubakar in 2019.
Buhari was declared the winner of both elections.
Citing lawsuits in London and New York, Bloomberg reported last Friday that a former BP Plc oil trader alleged that freight allocations by the NNPC could have helped preparations for the 2019 general election.
The report states that a former Glencore Plc employee admitted in July to paying a middleman $ 300,000 to secure a shipment of NNPC crude, understanding that the money would be spent on national elections which took place four years ago. earlier.
The NNPC, through its Direct Selling Crude Oil and Direct Purchasing Petroleum Products program, awards contracts that allow companies, including international trading houses and local businesses, to transport crude oil in exchange of delivery and supply of petroleum products. The contracts are generally for one year.
Group Managing Director, Group Public Affairs Division, NNPC, Mr. Garba-Deen Muhammad, however, denied the allegation.
“[It’s] not true, and I think it’s obvious if you read the story with an open mind, ”he texted to a national daily.
Jonathan Zarembok, who left BP’s West Africa office last year, reportedly said in the lawsuit he suspected the fees paid by the British energy giant to secure NNPC contracts would go towards the 2019 elections.
He applied for a job against BP, alleging he was fired for raising concerns about large sums being transferred to middlemen to gain business in Nigeria.
Zarembok reportedly said in a witness statement released this month 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 -of-wine “.
According to Bloomberg, the emails explained how preparations for the election would begin in 2018.
“We understand what this means,” wrote the executive.
He said the company then wired $ 900,000 in fees from a local agent after securing two shipments of oil from NNPC.
“BP defends itself in its entirety and denies all of the allegations made by the plaintiff,” Bloomberg said, citing the company in a statement.
He said BP declined to comment further as Zarembok’s case in a London labor court continues.
The report notes that similar details emerged two months ago, when Anthony Stimler, who left Glencore in 2019, pleaded guilty to bribery and money laundering charges.
He said Stimler was told in September 2014 that “Foreign Official 1” was asking all NNPC customers to pay an advance on each shipment “in connection with a then forthcoming political election,” according to the reports. documents filed by US courts.
He then had Glencore wired $ 300,000 to a middleman, which prosecutors said was used “to pay bribes to Nigerian officials.”
U.S. prosecutors have explained how Stimler and others paid multi-million dollar bribes in several countries, including to NNPC officials, between 2007 and 2018, according to the report.


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