Omokore Refunds N200m to FG

Jide Omokore, who is facing a 9-count charge bordering on money laundering, before Justice Binta Nyako of a Federal High Court, Abuja, is reported to have returned N200m to the Federal Government.
Omokore, the Chairman of Atlantic Energy Drilling Concept Nigeria Limited, it was learnt returned the money after the Economic and Financial Crimes (EFCC) traced and frozen eight bank accounts allegedly belonging to him.
Sources in the commission said that the eight accounts were opened at different branches of Skye Bank Plc.
According to the sources: “During investigations, we traced about eight accounts to Omokore in Skye Bank. Most of the accounts are company accounts. Some were domiciled in Marina, Adeola Hopewell and some other branches on the (Lagos) Island.
“We were able to identify about N200m. He raised some bank drafts in the name of the Federal Government and the money has been deposited into the Federal Government account while investigations continue.”
The EFCC had on July 4 arraigned Omokore, a close associate of former Petroleum Minster, Diezani Allison-Madueke, and others including Victor Briggs, Abiye Membere, David Mbanefo, and Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concepts Limited.
The charge marked No: FHC/ABJ/CR/121/2016, said that Omokore, Atlantic Energy Brass Development Ltd, Atlantic Energy Drilling Concept Ltd and others between May and October, 2013 by false pretence and with intent to defraud, induced the Nigerian Petroleum Development Company and Nigerian National Petroleum Corporation and the Federal Government of Nigeria to delver to you 5,652,227 barrels of crude oil (brass blend) valued at the sum of US $616,013,625.27 through the medium of a contract (Strategic Alliance Agreement) which delivery was induced by false pretences.
They pleaded not guilty.
The Judge, after listening to both sides of the case, granted Omokore and others bail in the sum of N50m each, with one surety each, a senior civil servant, who must have property in Abuja.
The court had adjourned till October 19 for trial.

Author: News Editor

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