Connect with us

Hi, what are you looking for?


$1.6bn Oil Fraud: Omokore Knows Fate, As Court Delivers Judgment Today


The Abuja division of the Federal High Court will on Tuesday, February 7, deliver judgment on the trial of Jide Omokore, an ally of a former Petroleum Minister, Diezani Alison-Madueke.

Omokere, alongside Victor Briggs, Abiye Membere, and David Mbanefo were arraigned on a nine-count criminal charge for diverting about $1.6bn alleged to be part of proceeds of sales of petroleum products belonging to the Federal Government.

Jide Omokere and his co-defendants were initially arraigned on July 4, 2016.

Following more findings, the Economic and Financial Crimes Commission re-arraigned the defendants on November 21, 2016, before Justice Nnamdi Dimgba alongside two of Omokore’s companies, Atlantic Energy Brass Development Ltd and Atlantic Energy Drilling Concepts Ltd.

Part of the offences were said to be contrary to section 1 (1) (b) of the Advance Fee Fraud and Other Fraud Related Offences Act and punishment under section 1(3) of the same Act.

One of the prosecution witnesses, Mr Olutaye Ayeni, had told the court on April 26, 2018, that he sold cars worth $8 million to Jide Omokore who bought them for friends and associates.

Ayeni, chief executive officer, Skymit Motors and the 7th prosecution witness said “We sold to the defendant Mercedes Benz S550 at the cost of N26million in the name of Mbanefo David/Chief Omokore and another Mercedes M350 at the cost of 23million in the name of Nneka Bricks.”

“$ 1.26 million was credited to Skymit. Other payments received from the defendant’s Skye Bank account include – $ 1 million on November 6, 2013; two payments of $ 1 million each on July 8, 2014; $1.5million on August 11, 2014, and $ 1 million on September 17, 2014,” a document already in evidence before court read.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


You May Also Like


Tunde Ayeni, the former chairman of Skye Bank, is seeking to reclaim a multi-million-naira office gift given to a female lover due to a...


OPPO Nigeria has announced the launch of the highly anticipated Portrait Expert, the Reno8 T Series. The virtual launch event which was streamed live...


Four senior lecturers have been sacked by the management of Kogi state polytechnic, Lokoja, over alleged acts of gross misconduct bordering on fraud, sexual...


A civil society organisation, Connected Development, has urged the electorate across the country to come out en mass and cast their ballots, saying the...