A former United Kingdom-based trader for Glencore Plc, Anthony Stimler, has pleaded guilty to participating in an international scheme to bribe officials in Nigeria to win favourable contracts from the Nigerian National Petroleum Corporation.
Court papers identified seven alleged co-conspirators from several countries in the bribery scheme, including UK, Nigeria, Mexico, Spain and Israel in a deal that ran from 2007 to 2018.Prosecutors said millions of dollars in bribes were paid to officials in Nigeria, in exchange for NNPC awarding oil contracts and providing “more lucrative grades of oil on more favorable delivery terms.”
“Glencore has co-operated fully with the department of justice and other authorities in their investigations and continues to do so,” the statement read. In March, Emilio Jose Heredia Collado, former Glencore oil trader, pleaded guilty to manipulating an oil price benchmark, allowing the world’s largest commodities trader to profit from the price swings and enriching himself.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former UK-based trader pleads guilty in oil bribery scheme involving Nigerian officials, NNPCProsecutors said millions of dollars in bribes were paid to officials in Nigeria, in exchange for NNPC awarding oil contracts.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
I’m sorry for former Chelsea manager, Maurizio Sarri – KepaChelsea goalkeeper, Kepa Arrizabalaga, has said that he was sorry for the club's former manager, Maurizio Sarri because he didn't understand him during
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Borno to return IDPs to Abadam, former Boko Haram stronghold - Punch NewspapersThe most widely read newspaper in Nigeria Just imagine. They don't care for this people for 1 bit They should be accompanied by d bmc team of iyaboawokoya, popeoflagos, AdepojuAShittu, babatolly, OvieNews, Hhorlamilekan, BwalaDaniel. Since you can't obey your master&remain in koo. This man isn't getting the support of the president it makes it very difficult
Source: MobilePunch - 🏆 8. / 63 Read more »
Former UK-based trader pleads guilty in oil bribery scheme involving Nigerian officials, NNPCProsecutors said millions of dollars in bribes were paid to officials in Nigeria, in exchange for NNPC awarding oil contracts.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
BUSTED: Buhari Shuns Abuja House In UK To Avoid Nigerian Protesters | Sahara ReportersBuhari, who left Nigeria on Monday to attend the Global Education Summit on Financing Global Partnership for Education (GPE) 2021-2025 in the UK, was not sighted at the Abuja House. People should realize that those Globalist Elites/establishments are the ones that are controlling the Fraud Country, they are in support of what is going on in that Fake Country as of today, don’t be surprise when you see pictures of him being welcomed by those Europeans. 🆖🌪 Locate him and force back Hahahahaha make em go nah shee he said he is popular
Source: SaharaReporters - 🏆 9. / 63 Read more »
How Nigerian Government’s Six Lawyers In Beninese Court Failed To Secure Sunday Igboho’s Extradition | Sahara ReportersSaharaReporters learnt that the lawyers, both French and English speaking, however, failed to convince the court after a 13-hour trial on Monday as to why Igboho should be extradited. I won't be surprised those lawyers are Southerners, especially yorubas. They will keep failing because the zoo itself is a failed State Why na, their cut off mark na 2? 🤣🤣🤣
Source: SaharaReporters - 🏆 9. / 63 Read more »