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Lawsuits in London and New York have shed light on how fees trading firms paid agents to win oil contracts from the Nigerian National Petroleum Corporation (NNPC) may have been used to fund the country’s past two general elections, Bloomberg reports.
Quoting filings in a suit filed by an ex-employee of the British oil giant, BP Plc, Bloomberg reported that $300,000 and $900,000 were paid to intermediaries in 2014 and 2018 as part of the lobby for lucrative contracts, with the funds said to be funnelled into electioneering activities.
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