A former trader pleaded guilty over his role in a scheme to bribe.
Although the court papers did not name the co-conspirators, and none of them was charged, it referred to seven of such individuals and companies from several countries in the bribery scheme, which prosecutors said ran from 2007 to 2018.
The second co-conspirator was a United Kingdom citizen and resident, a trader at one of the subsidiaries from in or around March 1993 until in or around December 2009, and a consultant from in or around January 2010 until in or around December 2012 and again from in or around April 2015 until in or around March 2017. He also acted on behalf of the company in procuring crude oil from Nigeria.
The only Nigerian official referenced in the court papers is said to be “a high-ranking Nigerian government official from in or around 2010 until in or around 2015”.
In or around December 2013, Mr Stimler was said to have agreed with three other co-conspirators to more than triple the fees paid to an intermediary company for certain transactions for the purpose of paying bribes to an NNPC official in order to obtain favorable dates and grades of oil. By October 5, 2014, Mr Stimler allegedly sent an email to two of the co-conspirators wherein he stated, in substance and in part, that the subsidiary company’s management had approved the payment and wrote, “[S]o please please make sure on your side, NNPC perform[s] . . . .”
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