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

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

Barring unforeseen circum­stances, Justice Nnamdi Dimg­ba of the Federal High Court sitting in Abuja, will on Tuesday, February 7, deliver judgment on the trial of Jide Omokore, an ally of a former Petroleum Min­ister, Diezani Alison-Madueke.

Omokere, along with Victor Briggs, Abiye Membere, and David Mbanefo were prosecuted on a nine-count criminal charge for diverting about $1.6 billion 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.

However, 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 was 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.

It would be recalled that Mr. Olutaye Ayeni, one of the witnesses called by the EFCC 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, of 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.

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