A federal high court in Lagos has ordered the interim forfeiture of an estate in Banana Island reportedly owned by Diezani Alison-Madueke, former minister of petroleum. The court also ordered the temporary seizure of $3.7m in a Zenith bank account allegedly owned by the former minister. The order followed an ex parte application filed by […]
Continue Reading
Court papers in Lagos Nigeria have revealed in graphic details how oil businessmen, Kolawole Akanni Aluko and Jide Omokore laundered the $1.7 billion creamed off the questionable oil swap transactions between them and the NNPC, during the tenure of Diezani Alison-Madueke. Some of the money laundered through the United States and which had been used to acquire assets are […]
Continue ReadingA Federal High Court, sitting in Abuja, has granted bail to the chairman of Atlantic Energy Drilling Concept; a former Group Managing Director of the Nigerian National Petroleum Corporation, Andrew Yakubu, and four others.Mr. Omokore, an ally of former Petroleum Minister, Diezani Alison-Madueke, and Mr. Yakubu were charged along with a co-owner of Atlantic Energy, […]
Continue ReadingThe Economic and Financial Crimes Commission has arraigned Jide Omokore and Andrew Yakubu, a former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, on charges of money laundering. Omokore was arraigned before Justice Binta Nyako of the Federal High Court alongside Victor Briggs, Abiye Memnere, David Mbanefo, Atlantic Energy Brass Development Limited and Atlantic […]
Continue ReadingThe Economic and Financial Crimes Commission has rearrested Jide Omokore, chairman of Atlantic Energy Drilling Concepts Nigeria Limited, and Andrew Yakubu, former group managing director (GMD) of the Nigeria National Petroleum Corporation (NNPC) and will most likely slam money laundering charges on him today (Monday). It was confirmed that the duo would be charged before […]
Continue Reading