Energy firm , former vice president charged with bribery . `` Allowing the company and former officials to pay heavy fines in lieu of prosecution ... they would pay $ 120 million as fines and $ 130 million from bad money stored in Switzerland from the original deal -- so $ 250 million in total . '' They may agree to plea deal requiring payment of $ 120 million , Nigerian official says . Case involves allegations of bribes to Nigerian officials for natural gas project . Babafemi pleaded guilty to bribery charges in London the 1990s .
Energy firm , former vice president charged with bribery . They may agree to plea deal requiring payment of $ 120 million , Nigerian official says . Case involves allegations of bribes to Nigerian officials for natural gas project . Babafemi pleaded guilty to bribery charges in London the 1990s .