NewStats: 3,263,322 , 8,179,776 topics. Date: Thursday, 05 June 2025 at 01:34 PM w3628

The Economic and Financial Crimes Commission, EFCC, yesterday, dragged the Chairman of Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concept Limited, Jide Omokore, before Justice Nnamdi Dimgba, over alleged criminal diversion of over $1.6 billion belonging to the Federal Government under the guise of oil swap.

According to court papers, Mr. Omokore and the others claimed they had the expertise and the wherewithal to procure crude oil from the Nigerian National Petroleum Corporation, NNPC, and process same and deliver the monetary equivalent of 5,652,227 barrels of crude oil to them by the corporation.

However, the prosecution is set to prove to the defendants that they intentionally defrauded the government by taking the crude and not delivering the money or the crude back to the government.

Omokore was arraigned along with Victor Briggs, Abiye Membere, David Mbanefo, Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concepts Limited.

They were re-arraigned 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.

They pleaded “not guilty” when the charges were read to them.

In view of their plea, prosecuting counsel, Rotimi Jacobs (SAN), urged the court to fix a date for the commencement of trial, and to allow the defendants to enjoy the bail earlier granted them by Justice Binta Nyako.

Counsel to the defendants did not object to the request of Jacobs, urging the court to accede to his request.

Justice Dimgba, thereafter, fixed December 8 for hearing in the case, adding, “I, hereby, adopt the bail as mine.”

It would be recalled that Omokore and his co-defendants were first arraigned before Justice Nyako, on July 4, but the case file was afterwards transferred to Justice Dimgba by the Chief Judge of the Federal High Court.

Count one reads: “That you Olajide Jones Omokore, Atlantic Energy Brass Development Ltd, Atlantic Energy Drilling Concept Ltd and Kolawole Akanni Aluko (now at large) between May and October 2013, within the jurisdiction of this court, by false pretence and with intent to defraud, induced the Nigerian National Petroleum Corporation, NNPC, and the Federal Government of Nigeria to deliver to you 5,652,227 barrels of crude oil (Brass blend) amounting to the sum of US$616,013,615.27 through the medium of contract, which delivery was induced by the false pretence.”

http://www.vanguardngr.com/2016/11/alleged-1-6bn-oil-scam-efcc-re-arraigns-diezanis-ally-omokore-3-others/

Media Stories, No Poitical Will



Atiku2019

EFCC arranging everyday, Billions mentioned and some cash recovered. Still Mr President want to arrange for Loan.

They should arrange Clothes too.

Very disheartened. Nigeria politics, Bird of same feather.

Funny enough, even after collecting all the trillions Nigeria will still be as broke as a dead cat.

Mallam Muhammadu Buhari is the president of Nigerian.

ichommy:
EFCC arranging everyday, Billions mentioned and some cash recovered. Still Mr President want to arrange for Loan.

They should arrange Clothes too.

Very disheartened. Nigeria politics, Bird of same feather.

Oga oo

Wetin dem d arrange na?

Atiku2019:
Media Stories, No Poitical Will



Atiku2019

Atiku Ko, Atiku Lace ni.
Una don start bah?
How much den pay U?

ichommy:


Atiku Ko, Atiku Lace ni.
Una don start bah?
How much den pay U?

Pay ke? Even a day old baby knows Buhari is incompetent

Lol one monkey is campaigning for Atiku

Not because he believes in Atiku but because he was paid to spam nairaland


Mr Atiku tell us what you've done for the common people since 2008

Why you deserve to be president

Noted.

baybeeboi:


Oga oo

Wetin dem d arrange na?

How many corruption Politicians U don see for prison?

U go later see Court Grant Bail with 2 surety.

The suspect and Judges in charge dey same Mumu Club70 werey Club. Then go see for meeting nah.

I blame all the yeye protesters sha, but they paid them.

China sweet eh, take Yuan in office and Die #Lobatan.

(In China) While will i have to Murder before I enter Government office, Must i serve my county when i know that nah Iku ( Death ) sure if i Steal.

Nigeria Politics is like Project Fame, it won't end.

Make i stop here abegi.

***************
China executes corrupt Hangzhou and
Suzhou officials

China has executed two officials from
eastern cities after convicting them of
corruption.
Xu Maiyong, a former vice-mayor of
Hangzhou, and Jiang Renjie, who was vice-
mayor of Suzhou, were put to death after
their appeals were rejected.
Officials said Xu and Jiang took almost 300m
yuan ($46m; £29m) by embezzling and
taking bribes.
Corruption is one of the main causes of
public discontent in China. Hundreds of
officials are convicted every year.
But only a handful are executed, and it is
extremely rare for two officials to be put to
death on the same day.
Xu was said to be well known for his
extravagant lifestyle - reports said
investigators found gold bullion and
expensive jewellery at his home.
State-run Xinhua news agency reported that
he used his power to interfere with project
contracts and to help companies and people
obtain land, promotions and tax breaks.
The 52-year-old was sentenced to death in
May for taking almost 200m yuan in bribes
and embezzled funds.
Jiang, 62, was given the death penalty in
2008 for taking more than 100m yuan in
bribes.
The two cases are not linked, but both men
were earlier reported to be of the
Communist Party.
Earlier this year, President Hu Jintao focused
on corruption during his main speech to
celebrate 90 years since the party was
founded.
He warned that corruption could cost the
party the of the people.
Several high-profile officials have been
executed in recent years - including
Shanghai's former party boss, and a former
head of the country's main nuclear firm.

ichommy:


How many corruption Politicians U don see for prison?

U go later see Court Grant Bail with 2 surety.

The suspect and Judges in charge dey same Mumu Club70 werey Club. Then go see for meeting nah.

I blame all the yeye protesters sha, but the paid them.

China sweet eh, take Yuan in office and Die #Lobatan.

(In China) While will i have to Murder before I enter Government office, Must i serve my county when i know that nah Iku ( Death ) sure if i Steal.

Nigeria Politics is like Project Fame, it won't end.

Make i stop here abegi.

Bros, understanding you is thw most difficult assignment i ever embarked on.

Are you a Kanuri?

Until capital punishment is imposed on corrupt public office holders, i will not take this fight against corruption serious.

baybeeboi:

Bros, understanding you is thw most difficult assignment i ever embarked on.
Are you a Kanuri?

No, Nupe.

Another alleged billions in dollars, at the end the case will die down and we'll hear nothing again. What I hate about EFCC and the police is the never do thorough investigation b4 dragging anyone to court...so annoying

Another sensational event to perpetually keep the Nigerian masses from their self induced hardship. .Bleep them all.

Boleyndynasty2:
Another alleged billions in dollars, at the end the case will die down and we'll hear nothing again. What I hate about EFCC and the police is the never do thorough investigation b4 dragging anyone to court...so annoying

hi

Paperwhite:
Another sensational event to perpetually keep the Nigerian masses from their self induced hardship. .Bleep them all.

Do you think Z-people see it that way, to them buhari is on the right track..

Lalasticlala, Mynd44

ok

and the case will again die down by 2017

and the case will again be swept under carpet by 2017

the sooner the fed govt led efcc realizes that social media propaganda can't return looted funds the better for us as a nation.
I look forward to 2019 were we can decide who will correct this menace PMB has brought upon Nigerians. I bet it will start from the party primaries

APC = Arraign Peoples Congress.

EFCC is just busy doing nothing. They should throw people in jail before i start taking them serious.

And deziani is still in a hospital battling cancer after a year amd half in UK, immediately after election, smh make una continue o.

They Will still be released and re-arrested

EFCC and INEC and inconclusiveness are like

Observing

Can't this woman and Nnamadi Kalu face the firing squad once substantial evidence to prove them guilty is found?


It's taking too long so we can move to the next case

baybeeboi:

Bros, understanding you is thw most difficult assignment i ever embarked on.
Are you a Kanuri?

good for you

Who cares as if that would change the price of garri in the market