Operatives of the Economic and Financial Crimes Commission on Tuesday evening arrested Jide Omokore, an ally of former president, Goodluck Jonathan, and Chairman of Atlantic Energy Drilling Concepts Nigeria Limited.
PREMIUM TIMES gathered the arrest was in connection with a series of multi-billion dollar petrol import and crude export deals.
Multiple security sources told PREMIUM TIMES that Mr Omokore, who is still in EFCC custody, has made revealing statements.
Atlantic Energy Limited was one of the companies that received multibillion dollar worth of public assets without due process by the Jonathan administration in 2011.
The company, which was created less than a year earlier and had not produced a droplet of oil, was awarded controlling stakes in two lucrative oil blocks – OML 30 and 34 – for just over $50 million each.
The deal, which was signed by the immediate past minister of petroleum, Diezani Alison-Madueke, gave Atlantic Energy Limited a controlling 55 percent stake in the oil block.
Curiously, Shell, which owned the remaining 45 per cent stake, fetched $1.3 billion for a single field after an open and competitive bidding process.

The company was also indicted for lifting crude oil, but only remitting a fraction of its worth to the government.
In 2012, Atlantic Energy paid $168m into the government’s account, but lifted about three million barrels – valued at over $350 million.
In 2013, it also lifted about 2 million barrels of crude valued at about $240million, but paid only $68million.
Similarly, in 2014, Atlantic Energy paid zero cash-call, but lifted about 500,000 barrels of crude oil, valued at $54 million.
SPOG, another of Mr. Omokore’s companies, is also being investigated by the office of the Attorney General of the Federation, in an alleged N400 million petrol import fraud.
SPOG allegedly imported 3,000 metric tonnes of PMS but filed claims for subsidy payment of 13,000 metric tonnes with the Petroleum Product Regulatory Agency (PPRA), therefore pocketing N400 million more than it should have been paid.
Also, Seven Energy Limited, which owns Septa Energy Nigeria Limited, one of the business interests of Mr. Omokore, was also awarded the concession of OML 4, 38, and 41 towards the end of Mrs. Allison-Madueke’s tenure as petroleum minister.
Another company in the complex web of companies chaired by Mr. Omokore, Seven Energy, is partly owned by Energy Resources Management Limited, indicted in the import waiver scandal.
A Daily Trust report of December 2010 revealed that Energy Resources imported 250,000 metric tonnes of rice into the country without paying a kobo in import duties, levies, ECOWAS Trade Liberalisation Scheme (ETLS), Comprehensive Import Scheme (CISS) and other levies because of the waiver it allegedly got from the presidency.
Fivatek Nigeria Limited, a wholly-owned subsidiary of Energy Resources Group, was also involved in the controversy-ridden National Fertilizer Company (NAFCON) before it was sold.
Mr. Omokore was alleged to have colluded with Sunny Essien, a former managing director of NAFCON and others, to funnel ₦10million into former President Olusegun Obasanjo’s campaign account, largely through the company’s account domiciled with the Abuja branch of the defunct Trade Bank.
He is believed to have been indicted by the judicial commission of enquiry, which looked into the finances of NAFCON.

http://www.premiumtimesng.com/news/headlines/197538-efcc-arrests-jonathans-ally-jide-omokore-over-alleged-multibillion-dollar-fraud.html

Thank God we massively voted out the clueless Dr. Some Ekpas will still come here to cry foul.

Lalasticlala your attention is needed

One of the main yam eaters is now in EFCC's custody

interesting development

when baba returns and hear this, His request will be like bring Omokore for some question and let him come in chain too.

No hiding place for criminals in Nigeria.
Wailers can go to hell

Now this I like...

The drama is gradually approaching where El No Clue will have no choice but to make an appearance....

It will soon reach him, remain small, make he still continue with the black market yeye awards he keeps purchasing from nondescript organisations upandan!!!

iambrafia231:
fighting too many battles at thesame time is not healthy for our ailing economy.

Now keep a lid on it & warm up for your fruitless aerobics workout!!

Like it is not you & your ilks that will wake up tomorrow to still wail about direction of the economy, when we all know your Hero & the likes of Omokore are the main culprits....

Your evil minded hero will be disgraced, Justice, equity & fairness will see to it....

Go find some rusted barbwired nails to sit on! Yeye!

N Now this is deep, really really deep.... Let's see if they can sustain it or die down as usual

Hmmmmmm

Wike!

The slayer of saint Ameachi and co.


Another movie to keep the zombies busy.

fighting too many battles at thesame time is not healthy for our ailing economy.

We may just have to free some petty thieves in prison to make room

See the babe Omokore is dating in Atlanta and her phantom


I would have showed you guys ALuko babe but many will hang demself

iambrafia231:
fighting too many battles at thesame time is not healthy for our ailing economy.

Ok

So you are suggesting that the government should ignore all the stolen funds and move on?

Lailai!

Goats must vomit all the Yams by fire by force

Singing Orlando owoh music* Kirikiri ni Alagbon Aimoye section ni Alagbon jide Omokore nlo Alagbon *

good news

Long overdo.
Revelations here will make Dasukigate look like a children tea party.
Lets see if the fisherman wud maintain his silence by d time his name gets mentioned again by the key players in this scam.
I see a Maduekegate.

Wailers can only wail, PMB will keep fighting corruption, benefactors of corruption, supporters of corruption , praise singers of corruption to a standstill.

#IStandWithPMBOnCorruption

God is your strength PMB, keep hunting down the coven of witches and confederacy of goats that connived together to loot our barn of yams.

Let them be picked like chicken and bunched together like Ugu.

Yeye people wey no gree make Nigerians enjoy life.

Selective Justice is not justice. How can one claim to clean another man's house when his stinks to the high heavens?

For staters, Jide Omokore is a Yoruba from Kogi state. Lets see if his people would hit the street on a '' leave am na our son'' solidarity protest

The noose is getting tighter around the necks of the Clueless Drunkard and his mistress, Okpolo Eyes. It is only a matter of time before the media becomes awash with another picture series of a bald headed cancer ravaged Okpolo Eyes.

Sai Magu!!

Sai Baba Collectus!!

KinkyAngela:
For staters, Jide Omokore is a Yoruba from Kogi state. Lets see if his people would hit the street on a '' leave am na our son'' solidarity protest

Don't bet your life on it. Yorubas don't tolerate iwa jatijati especially for thieves that don't have our communal interest in mind. Tinubu I see you

So APC still get supporters plenty like this.(Comments above mine). I think say dem clueless government don shut all of them mouth with no direction governance

KinkyAngela:
For staters, Jide Omokore is a Yoruba from Kogi state. Lets see if his people would hit the street on a '' leave am na our son'' solidarity protest

i am from the same town with this stupid man (Isanlu) no good son of isanlu or okun will protest for this man.. he has not helped anyone, he sold yagba mandate to Dino an ijumu man, his town has no light for the past two years. yet he took thiefs like himself to dubai years ago with 40 jet for his son Tosin's wedding. he was too ashamed of hos town because we have no road and there is no light. let him rot in jail

OgbeifunErom:


By the time EFCC is done, Jonathan will have nowhere to hide. This useless corrupt man called Jide Omokore made billions of dollars acting as a front for Madam Eyes Kongba and Jona Ologogoro.

Jona Ologogoro?

You people are just mad.

DURING THE 2011 ELECTIONS I SAW JONATHAN AS A GOD SAINT A MAN SENT TO DELIVER NIGERIA FROM ITS DWINDLINGNESS.

I SUPPORTED HIM TO FULLNESS.

BUT THIS REVELATIONS HAVE SHOWN THAT GEJ WAS NOT JUST CLUELESS BUT A TOTAL ROGUE AND WAS RUNNING A CLANDESTINE OF CORRUPT AND TOTAL HEARTLESS BEIGNS WHO'S MAIN INTEREST WAS TO LOOT GOVT COFERS TO THE DETRIMENT OF THE POPULACE.


GEJ MAY YOU ROT IN JAIL.

Outofsync:
Selective Justice is not justice. How can one claim to clean another man's house when his stinks to the high heavens?

DUDE SHAARRRRRRAAAAPPPP

Can the judiciary do the needful?