Ex-NNPC General Manager Sentenced in U.S. Over $2.1 Million Bribery Scheme

Business, Crime Diary, International, Investigation, North America

LOS ANGELES, U.S. (NPA): A U.S. District Court has sentenced Paulinus Iheanacho Okoronkwo, a 58-year-old Nigerian-American and former General Manager of the Upstream Division of the Nigerian National Petroleum Corporation (NNPC), to 87 months in prison for accepting $2.1 million in bribes from Addax Petroleum, a Switzerland-based subsidiary of Sinopec, China’s state-owned oil and gas conglomerate.

According to a court statement by the U.S. Attorney’s Office, Central District of California, on Monday, 23 February 2026, obtained by Newpost Africa, Okoronkwo was convicted of corruption, money laundering, and tax fraud. He was also ordered to pay $923,824 in restitution to the Internal Revenue Service (IRS) and to forfeit $1,039,997, representing the net proceeds from the sale of a home purchased with illicit funds.

Court documents revealed that in 2015, Okoronkwo facilitated Addax Petroleum’s oil drilling rights in Nigeria in exchange for bribes. He concealed the payments by channeling them through his law firm’s trust account (IOLTA), falsely declaring them as legal fees. He also misled auditors, dismissed executives who questioned the transactions, and used the funds for personal expenses, including the purchase of a car and a home.

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In November 2017, Okoronkwo used part of the illicit proceeds to make down payments on a house in Valencia, California. His misconduct came under investigation by the Federal Bureau of Investigation (FBI) and IRS Criminal Investigation, with support from the Justice Department’s Office of International Affairs.

In January 2026, the State Bar of California suspended Okoronkwo’s law license, following the corruption probe that ultimately led to his prosecution and conviction.