• About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions
Wednesday, April 22, 2026
Verily News
No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
No Result
View All Result
No Result
View All Result
Home News Breaking News

US Court Sentences Former NNPC Boss To Prison

March 24, 2026
in Breaking News
Reading Time: 2 mins read
0
US Court Sentences Former NNPC Boss To Prison
Share on FacebookShare on TwitterShare on Linkedin
Spread the love

A United States District Court has sentenced a former general manager of the Nigerian National Petroleum Corporation (NNPC), Paulinus Okoronkwo, to 87 months in prison.

The development was announced by the US government in a statement on Monday.

Okoronkwo was convicted for receiving a $2.1 million bribe from Addax Petroleum, a subsidiary of Sinopec.

According to the statement, District Judge John Walter also ordered Okoronkwo to pay $923,824 in restitution to the Internal Revenue Service (IRS).

In addition, the court ordered the forfeiture of $1,039,997, representing the net proceeds from the sale of a home belonging to the former NNPC official.

In August 2025, Okoronkwo was found guilty of transactional money laundering, tax evasion and obstruction of justice.

US prosecutors stated that while serving as NNPC’s upstream division general manager, Okoronkwo accepted the $2.1 million payment from Addax Petroleum in October 2015. The funds were wired to his law firm’s trust account in Los Angeles and were presented as consultancy fees, but prosecutors argued they were intended to secure favourable drilling rights in Nigeria.

Evidence presented in court indicated that Addax executives falsified records to reflect the payment as legal fees, dismissed internal staff who raised concerns and provided misleading information to auditors.

Okoronkwo, who later practised immigration, family and personal injury law in Koreatown, allegedly used nearly $1 million of the bribe money as a down payment on a home in Valencia, California. Prosecutors said he failed to declare the income on his 2015 tax return.

In October 2025, a US court granted a forfeiture application filed by the government against his property located at 25340 Twin Oaks Place, Valencia, California.

Tags: NNPCUS court
Share311Tweet195Share54
Previous Post

Adamawa Assembly Speaker, 14 Lawmakers Resign From PDP

Next Post

NSCDC Arrests 12 Suspected Illegal Immigrants In Kwara

Related Posts

Photo of President Tinubu

Tinubu Reshuffles Cabinet, Replaces Finance Minister

by Victor Haruna
April 21, 2026
0

President Bola Ahmed Tinubu has sanctioned a modest reshuffle within the Federal Executive Council, introducing changes that affect key positions...

Nigerian police

Abducted JAMB Candidates, Others Rescued in Benue

by Victor Haruna
April 19, 2026
0

All 13 remaining passengers abducted from a Benue Links bus along the Makurdi–Otukpo road have regained their freedom, bringing relief...

Kebbi State House of Assembly

State Assembly Speaker Dies in Egyptian Hospital

by Victor Haruna
April 7, 2026
0

The Speaker of the Kebbi State House of Assembly, Muhammad Usman Zuru, has died in a hospital in Egypt, where...

National Assembly Moves to Shift Presidential Election Date

Protest Rocks National Assembly

by Assumpta
April 2, 2026
0

Protest Rocks National Assembly

Photo of Former Senate President David Mark

INEC Removes David Mark as ADC Leader

by Victor Haruna
April 1, 2026
0

The Independent National Electoral Commission has moved to remove the names of David Mark and Rauf Aregbesola from its official...

Load More
Next Post
Civil Defence Corps

NSCDC Arrests 12 Suspected Illegal Immigrants In Kwara

APC Convention: Akpabio, Fubara, Ribadu, Uzodimma, Others Get New Appointments

APC Convention: Akpabio, Fubara, Ribadu, Uzodimma, Others Get New Appointments

Kano Govt Orders Closure of Event Centres State Govt Declares Holiday For Schools Nigerian Footballer Kidnapped Edo Govt Officials Asked to Resign Kano Commissioner Resigns From Position Anambra Govt Deducts Salaries of Workers

State Govt Declares Holiday For Schools

Police Speaks on Assassination Attempt on Peter Obi, Invites Political Parties

Police Speaks on Assassination Attempt on Peter Obi, Invites Political Parties

Bomb Explosion Rocks Bayelsa Secretariat

Explosion Rocks Federal Highway

Chimamanda Adichie

Coroner Adjourns Inquest Into Death Of Chimamanda Adichie’s Son

Nigeria Senate

Senate Grills JAMB Over High Fees, System Glitches

Photo of Tinubu

Tinubu Urges Senate to Amend Constitution

Tinubu

Tinubu Orders Extension of Raw Shea Nut Export Ban

Photo of David Nweze Umahi

Umahi’s Aide Rejects Sowore’s Claims of Assault, Personal Vendetta

  • Trending
  • Comments
  • Latest
cbn governor olayemi cardoso

CBN Approves Merger Between Two Banks

February 23, 2026
2027: APC Governors Endorse Next Senate President After Akpabio

APC Governorship Candidate Joins ADC

March 16, 2026
NNPC Increases Petrol Price

NNPC Reduces Fuel Price

March 17, 2026
Kenya Airways

Viral video: Drama at Airport as Nigerian Woman Clashes with Kenya Airways Over Visa Issue

0
NLC

NLC Suspends Nationwide Protest Over Telecom Tariff Hike

0
VeryDarkMan

VeryDarkMan Vows to Uncover Truth in Mercy Chinwo and Ex-Manager’s Controversy

0
Photo of NEC meeting

Minister Quits for Governorship Race

April 22, 2026
Labour Party Logo

LP Unveils Subcommittees Ahead of Nationwide Congresses

April 22, 2026
Photo of a politician holding a bag of money

Skit Maker Rejects Dollar Offer from Politicians

April 21, 2026
Verily News

Copyright © 2025 Verily News.

Navigate Site

  • About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions

Follow Us

No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story

Copyright © 2025 Verily News.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Get Breaking News Alerts on WhatsApp