Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,777,506 members, 6,617,839 topics. Date: Sunday, 05 December 2021 at 06:35 PM

FG Recovers $14million From Jide Omokore's Firm - Premium Times - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG Recovers $14million From Jide Omokore's Firm - Premium Times (24128 Views)

Whistle-blower: FG Recovers Another $151m, N8b Looted Funds / EFCC Arrests Jide Omokore & Andrew Yakubu, EX- NNPC GMD, for money laundering / Jide Omokore Arrested By EFCC (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

FG Recovers $14million From Jide Omokore's Firm - Premium Times by Ovularia: 8:36pm On Feb 03, 2016
Nigerian govt. recovers over $14million in unpaid oil royalty from Jide Omokore’s firm
February 3, 2016 Nicholas Ibekwe
The Nigerian government has succeeded in compelling the Chairman of Atlantic Energy Drilling Concepts Nigeria Limited, Jide Omokore to cough out over $14m, being crude oil royalty which his company failed to remit to the federal treasury, administration insiders have told PREMIUM TIMES.
High ranking federal officials familiar with the development told this newspaper that the funds were supposed to have been paid between 2011 and 2012 by Atlantic Energy which was, in controversial circumstances, awarded oil assets by the Goodluck Jonathan government shortly after it was incorporated in 2010.
Our sources said the money was finally paid into the Federal Government’s account with JP Morgan Chase on January 29, after the Economic and Financial Crimes Commission waded into the matter of recovering taxes due to the Federal Government.
“The investigation of tax defaulters in the dollar-soaked oil industry is continuing,” a source at the EFCC said Wednesday. “Those who failed to willingly pay up stand the risk of arrest and prosecution for tax fraud.”
Operatives of the EFCC had on January 27 questioned Mr. Omokore, an ally of former President Jonathan in connection with a series of multi-billion dollar crude export deals.
Mr. Omokore could not be reached for comments Wednesday. But his company recently issued a statement saying it was getting back on course after submitting its plan to settle outstanding financial commitments to the Nigerian authorities.
Incorporated as Atlantic Drilling Energy Concept Limited on July 19, 2010, it signed a Strategic Alliance Agreement with the Nigerian Petroleum Development Company (NPDC) shortly afterwards. The NPDC is the upstream production subsidiary of the Nigerian National Petroleum Corporation.
Under the agreement, Atlantic took charge of four oil blocks- OML 26 FHN, OML 30 Shoreline, OML 34 Niger-Delta Oil and OML 42 Neconde. It was to provide funds, technical services, drill and sell crude oil.
The company was later accused of lifting crude oil, but remitting only a fraction of its worth to government.
In 2012, according to NNPC insiders, 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 two 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.

The EFCC recently raided the business premises of Mr. Omokore, making away with documents and computers.
A source also said Mr. Omokore was later instructed by the presidency to reconcile his accounts with NPDC, and immediately pay up the several billions he is owing the Nigerian government for allegedly lifting crude without remitting the proceeds.
http://www.premiumtimesng.com/news/headlines/197932-nigerian-govt-recovers-14million-unpaid-oil-royalty-jide-omokores-firm.html

14 Likes 3 Shares

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by AngryNigerian(m): 8:50pm On Feb 03, 2016
Wow! Good news!!! More to come...

17 Likes

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by Retributionn: 8:52pm On Feb 03, 2016
And some IPOB Youths will tell us that Buhari is not working

At this rate, the budget will be funded with recovered loot under the corrupt drunkard and buffoon called Jona.daft

God bless Bubu

166 Likes 9 Shares

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by Obiodunukwe: 9:03pm On Feb 03, 2016
Nigeria on the mend

Lalasticlala

Jide Omokore don dey drop money small small

FP Material

13 Likes

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by Majikals(m): 9:06pm On Feb 03, 2016
Corruption is truly worse than murder...
It's a genocide carried out on the future of younger generations and their children unborn.
Take out corruption from Nigeria or at least trim it down to a tolerable point n watch her blossom...

71 Likes 4 Shares

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by paycash: 9:10pm On Feb 03, 2016
I think APC should leave all these criminals so that we can move forward, Everyday more secret open concerning PDP and things had became worsen as supporters and their criminals are everywhere trying to defend looters and preventing them from returning our money. I believe we should encourage Buhari and his fellow APC for the future of our Nation Nigeria and forget about promising of defeat Boko Haram that Jonathan and his fellow PDP promised but nothing to show for it.

6 Likes 2 Shares

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by Obiodunukwe: 9:13pm On Feb 03, 2016
paycash:
I think APC should leave all these criminals so that we can move forward, Everyday more secret open concerning PDP and things had became worsen as supporters and their criminals are everywhere trying to defend looters and preventing them from returning our money. I believe we should encourage Buhari and his fellow APC for the future of our Nation Nigeria and forget about promising of defeat Boko Haram that Jonathan and his fellow PDP promised but nothing to show for it.

APC should leave all these criminals??

What an IPOBIC statement!

No! Majority of Nigerians support the President

We want our money back!

Nigeria will not be in this state if Jona.daft controlled leakages in public finance

Chase them Bubu

121 Likes 5 Shares

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by Majikals(m): 9:17pm On Feb 03, 2016
paycash:
I think APC should leave all these criminals so that we can move forward, Everyday more secret open concerning PDP and things had became worsen as supporters and their criminals are everywhere trying to defend looters and preventing them from returning our money. I believe we should encourage Buhari and his fellow APC for the future of our Nation Nigeria and forget about promising of defeat Boko Haram that Jonathan and his fellow PDP promised but nothing to show for it.

Are you possessed?
Drop party affiliation aside (except if you are getting paid) n reason out of the box for once... APC, PDP etc doesn't give a feck about u. Applaud good achievements when you see it n constructively criticise bad policies when they come...

94 Likes 5 Shares

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by paycash: 9:18pm On Feb 03, 2016
Obiodunukwe:


APC should leave all these criminals??

What an IPOBIC statement!

No! Majority of Nigerians support the President

We want our money back!

Nigeria will not be in this state if Jona.daft controlled leakages in public finance

Chase them Bubu

Am ashame of this Country as thief everywhere.

3 Likes

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by kernel501: 9:20pm On Feb 03, 2016
I'VE NOT SEEN ANY APC ECONOMIC TEMPLATE , EVERYTIME CHASING ONE RAT OR MOUSE. MEDIA TRIAL IS JUST THE BEST WAY TO FOOL APC FANATICS,
FG- "YOU MUST PAY $5.2 BILLION DOLLARS"
MTN- "COME AND TAKE IT".

12 Likes 2 Shares

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by zurine(f): 9:21pm On Feb 03, 2016
hmm
Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by Obiodunukwe: 9:30pm On Feb 03, 2016
paycash:


Am ashame of this Country as thief everywhere.

If you are truly ashamed, you wont tell Buhari to stop the investigations

These corrupt practices have to stop my bro

15 Likes 1 Share

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by phemmyutd(m): 9:37pm On Feb 03, 2016
Approximately $4.2b.. Weldon bubu

1 Like

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by paycash: 9:43pm On Feb 03, 2016
Obiodunukwe:


If you are truly ashamed, you wont tell Buhari to stop the investigations

These corrupt practices have to stop my bro


My friend by the time PMB get to probe oil, NDDC others APC will tire and I am sure then GEJ would be arrested.

4 Likes

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by brunofarad(m): 9:47pm On Feb 03, 2016
Ghe ghen
Action film

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by ladyF(f): 9:47pm On Feb 03, 2016
shocked Chai Chai Chai. All this money they are recovering, there is God oooo

It's [size=15pt]LadyF[/size] again. grin grin grin
Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by TippyTop(m): 9:49pm On Feb 03, 2016
How much has Danjuma returned, is he not one of the biggest oil scammer in Nigeria?

2 Likes 1 Share

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by omogin(f): 9:50pm On Feb 03, 2016
Straight into buhari's pocket for relooting. That's the only way you explain why fed workers are owed 3 months

5 Likes 2 Shares

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by Nobody: 9:51pm On Feb 03, 2016
This news go pain Angelberry well-well. cheesy
Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by YelloweWest: 9:51pm On Feb 03, 2016
BREAKING NEWS! SUPREME COURT UPHOLDS ELECTION OF AKWA IBOM STATE GOVERNOR UDOM EMMAUEL!!!
ALSO AFFIRMS ELECTION OF ABIA STATE GOVERNOR OKEZIE IKPEASU!!!
PDP ALL THE WAY!

2 Likes 2 Shares

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by saintkel(m): 9:52pm On Feb 03, 2016
Retributionn:
And some IPOB Youths will tell us that Buhari is not working

At this rate, the budget will be funded with recovered loot under the corrupt drunkard and buffoon called Jona.daft

God bless Bubu

OP abeg ban dis guy now.

2 Likes 1 Share

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by gigabyte13: 9:52pm On Feb 03, 2016
Thank God for PVC. No wonder the 2nd Niger bridge still remain a dream.

3 Likes

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by mrking3(m): 9:52pm On Feb 03, 2016
Massive!

1 Like

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by Politicalidiot: 9:53pm On Feb 03, 2016
OmG. this is actually good at all levels. Now for once, we can say 'Bubu is working."

Wailers Caveat Emptor

3 Likes

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by sagewonders(m): 9:53pm On Feb 03, 2016
Retributionn:
And some IPOB Youths will tell us that Buhari is not working

At this rate, the budget will be funded with recovered loot under the corrupt drunkard and buffoon called Jona.daft

God bless Bubu



must everything be IPOB can't you just respect yourself and behave matured. this is more than nonsense. if you don't no what to comment keep quite. Buhari travel IPOB BUHARI come back. BUHARI commission pure water company. you will make noise n call IPOB


I just pray for Nigeria youths. we need little sense

3 Likes

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by MyLady11(m): 9:53pm On Feb 03, 2016
Hmmm
Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by thefakestan: 9:53pm On Feb 03, 2016
Return/Refund come my side now.








ThefakeStan

1 Like

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by truthspeaks: 9:53pm On Feb 03, 2016
Media trial n propaganda as usual. Imprison diz ppl n I ll believe d anti-corruption war. If not, pls buhari shld face d economy n stop all dis media shit.
AngryNigerian:
Wow! Good news!!! More to come...
Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by bettercreature(m): 9:54pm On Feb 03, 2016
phemmyutd:
Approximately $4.2b..
Weldon bubu
Minister of Mathematics and calculator grin grin grin grin

1 Like

Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by Nobody: 9:55pm On Feb 03, 2016
paycash:
I think APC should leave all these criminals so that we can move forward, Everyday more secret open concerning PDP and things had became worsen as supporters and their criminals are everywhere trying to defend looters and preventing them from returning our money. I believe we should encourage Buhari and his fellow APC for the future of our Nation Nigeria and forget about promising of defeat Boko Haram that Jonathan and his fellow PDP promised but nothing to show for it.
Just imagine. 6 weeks. Na only 2.1 Billion we see.
Re: FG Recovers $14million From Jide Omokore's Firm - Premium Times by MyLady11(m): 9:55pm On Feb 03, 2016

(1) (2) (3) (Reply)

North Will Never Discover Oil In Chad Basin – Shehu Sani / Hashimu Suleiman Reacts To Fuel Subsidy Removal / Nigeria Experiences Worst Independence Day Celebration Under Buhari – Adeyanju

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 122
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.