Tuesday, April 23, 2024

Omokore, others know fate Tuesday over $1.6 billion oil fraud case

An ally of former Petroleum Minister Diezani Allison-Madueke, Mr Omokore and others are accused of diverting funds said to be part of proceeds of oil sales.

• February 6, 2023
Jide Omokore
Jide Omokore

The Abuja Division of the Federal High Court will on Tuesday deliver judgement in the trial of Jide Omokore, an ally of former Petroleum Minister Diezani Allison-Madueke.

Mr Omokere, alongside Victor Briggs, Abiye Membere, and David Mbanefo, were arraigned on a nine-count criminal charge bordering on diverting about $1.6 billion alleged to be part of proceeds for the sale of illegal petroleum products.

Mr Omokere and his co-defendants were initially arraigned on July 4, 2016, by the Economic and Financial Crimes Commission (EFCC).

They were re-arraigned on November 21, 2016, before Justice Nnamdi Dimgba, along with two of Mr Omokore’s companies, Atlantic Energy Brass Development Ltd and Atlantic Energy Drilling Concepts Ltd.

During the trial, a prosecution witness, Olutaye Ayeni, the chief executive officer of Skymit Motors, told the court that he sold cars worth $8 million to Mr Omokore, who bought them for friends and associates.

“We sold to the defendant Mercedes Benz S550 at the cost of N26 million in the name of Mbanefo David/Chief Omokore and another Mercedes M350 at the cost of N23 million in the name of Nneka Bricks.”

Mr Omokore is being prosecuted alongside Mr Briggs, former managing director, Nigerian Petroleum Development Company (NPDC) and Abiye Membere, former group executive director, exploration and production of NNPC.

Also standing trial with Mr Omokore is David Mbanefo, former manager, planning and commercial of NNPC, on a nine-count amended charge of criminal diversion of about $1.6 billion alleged to be proceeds of petroleum products belonging to the federal government.

Other defendants in the suit are two corporate entities, Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concepts Limited, owned by Mr Omokore.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Naira and Dollar

Economy

Naira loses 5.3% against dollar at official market

At the Investor’s and Exporter’s (I&E) window, the naira traded between N1,317.00 and N1,000.00 against the dollar.

Germany

World

Germany has world’s highest leadership approval rating; Russia lowest: Report

Germany boasts of a 60 per cent leadership approval rating, a significant increase from 2023 approval ratings, which stood at 46 per cent.

Baba Ijesha

Showbiz

Sexual Assault: Appeal Court reserves judgment as Baba Ijesha challenges conviction

Baba Ijesha, in his notice of appeal marked CA/LAG/CR/544/23, asked the appellate court to set aside the lower court’s judgment.

Chelsea vs Arsenal

Sport

Goals rain as Arsenal demolish miserable Chelsea to keep title hope alive

The Gunners easily tore through Chelsea’s defence line, scoring 5 to set a new record against London rival.

Abdullahi Ganduje

Politics

Ganduje lauds Ododo for ‘good job’ in Ondo APC governorship primary

Mr Ganduje gave the commendation when he received the state governorship primary election committee report from Mr Ododo in Abuja on Tuesday.

Fire (Credit: PM NEWS)

States

Fire guts office of Governor Soludo’s aide

A part of the office of the special adviser to Anambra governor on political matters, Alex Obiogbolu, was gutted by fire on Tuesday.