Suit claims BP trader sacked for raising Nigeria bribe concerns
Al Jazeera
A former oil trader for British energy giant BP is alleging he was fired for voicing concerns about bribes being paid in Nigeria to secure local contracts.
BP Plc fired an ex-oil trader because he voiced concerns about bribes being paid in Nigeria to secure local contracts, according to a sprawling London employment suit that sheds light on the energy giant’s lucrative trading floor.
Jonathan Zarembok, who traded on BP’s West Africa desk, said that the company paid an “abnormally large” fee to a local agent to participate in a state oil tender. He alleged that BP’s traders also sought to make payments in a deal that would have been the largest the desk had ever struck in Nigeria, before the transaction was ended, according to the lawsuit.
“We were paying agents in Nigeria huge multiples of what we paid in other regions even though those agents did not perform services of any real value to BP,” Zarembok said in his witness statement. “Our proposed reasons for paying the agent these sums were a sham.”
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