Baring any last minute change of plans, the Federal Giovernment has concluded arrangement to commence the trail of former Pretroleum Minister, Diezani Allison-Madueke and all those fingered in fraudulent activities in the oil sector which has cost the country over $50Billion, highly placed sources within the security apparati and the Presidency, have told
Pointblanknews.com.

Diezani Alison-Madueke, had already been arrested yesterday by a combined team
of Interpol and Met Police in London, a source in London confirmed to Pointblanknews.com.
Already, the Economic and Financial Crimes Commission, EFCC, The Department of State Security Service, DSS, the Independent Corrupt
Practices Commission, ICPC, the Ministry of Justice and other agencies set up to probe the Petroleum Ministry and the Nigeria National Petroleum Corporation, NNPC, have all concluded reports and findings and forwarded
to the Presidency.

One of the sources privy to the investigations, but pleaded anonymity told Pointblanknews.com that the President is bent on commencing the trial in earnest because of his belief that a large chunk of the monies stolen by companies and individuals, who operated in the oil sector, would be recovered.

It was gathered that findings from investigators indicated that a sum of $4.5Billion which was supposed to have been deposited into the Federation Account by Jide Omokore and Kola Aluko’s Atlantic Energy have been traced
to foreign accounts. The accounts, according to investigators are in LGT Bank, Switzerland with account number 2006431.

Investigators also disclosed to Pointblanknews.com that funds were also
found in the name of Atlantic Holding Ltd in LGT Bank with Account number 2005108 and Atlantic Energy DMCC Ltd with account number 2006822 in LGT Bank, Switzerland.

Omokore and Aluko, according to investigators are one of Diezani’s front. They are alleged to have carried out the fraud in the oil sector under the cover of the former Petroleum Minister.

A source hinted that while investigators were unearthing damning documents, Omokore, on the advice of Diezani, offered to pay $500million back to the Federations account but a visibly angry President Mohammadu
Buhari was said to have rejected the offer, insisting the refund of the full $4.5billion.

Investigators discovered that in 2013, Atlantic Energy lifted about 2million barrels of crude oil with cash value of $240million, but paid $68million only. In 2014, investigators also discovered that Atlantic Energy lifted about 500,000 barrels of crude oil at a cash value of $54 million but paid nothing to the federation account.

Chief among those slated for prosecution in the next two weeks are those indicted in the fraud associated with the petroleum subsidy where Billions were allegedly stolen by marketers and those invovled in series of fraud in the Petroleum sector, a source privy to the investigation told Pointblanknews.com.

Others slated to face trial for varying degrees of fraud and money laundering are: Transfigura which is unable to account for $80million, Ontario Oil which defrauded the oil sector of $135million, Aiteo $150million, Sahara Energy $120million. Those linked to the companies are: Tonye Cole, Tope Osinubi, Ade Odunsi, Tunde Ayeni, Walter Wagbatsoma, Benny Peters.

Pointblanknews.com gathered that some serving and former officials of the Nigeria National Petroleum Corporation, NNPC, were linked to several fraudulent activities carried out in the oil sector and as such will be prosecuted also in two weeks.

The source gave the names of those former NNPC top guns as: former GMD Austen Oniwon, Reginald Stanley, Haruna Momoh and Sam Okeke, a former Group General Manager, New Business Division of the NNPC.

Others officials of the Petroleum sector for trial are: Managing Director of NPDC, Mr. Tony Moemeke, Executive Director, Commercial, PPMC, Mr. Frank Amejo; Group General Manager, Crude Oil Marketing Division, Mr. Gbenga Komolafe; Former Managing Director of NPDC, and later NNPC Group Executive Director, E & P, Mr. Abiye Membere.

The source alleged that the former NNPC officials and Oil Marketers helped or connived with former Petroleum Minister, Diezani Madueke to defraud the nation of over $50Billion. Transfigura was reportedly unable to account for $80 million, while Aiteo
apparently gulped down $150 million. Other oil firms named in the defrauding of the Nigerian people are Ontario, which failed to account for
$135 million, and Sahara Energy, accused of skipping the payment of $120 million to the government. Aiteo, owned by Peters and Ontario who were curiously awareded several oil contracts allegedly gave investigators several forged documents and cooked up records. An investigator also disclosed that the two companies are most directly linked to Mrs. Alison-Madueke.

A Swiss non-governmental organization, the Berne Declaration had revealed how Nigerian oil marketing companies perpetrated widespread subsidy fraud running into several billions of dollars. Titled “Swiss Traders’ Opaque Deals in Nigeria,” the Berne Declaration also accused the NNPC of colluding with international oil traders to defraud Nigeria.

The Swiss report revealed that Sahara Energy, Rahamaniyya Group, Aiteo Energy Resources Limited, Ontario Oil and Gas Limited, Tridax Energy, Mezcor Limited and MRS Group had established subsidiaries, also called letter-box companies, in Geneva, Switzerland.

The Aig-Imoukhuede committee had recommended that all the indicted marketers refund N382 billion to government. Mr. Imoukhuede had however advised Nigerians not to expect that all the money would be recovered.

pointblanknews.com/pbn/exclusive/50billion-oil-fraud-diezani-aluko-omokore-aiteo-sahara-energy-omokore-wagbatsoma-for-trial/

Aluko, Omokore and Aiteo are they not from brown roof republic?

Fools... propagandist idiots.... U ve brought this out again to swerve attention for d Boko bombings... na God go punish una... tell ur baba dullard to face boko haram dat re wasting pples lives first... goons and goblins

They must vomit these monies. My prayer is that our judiciary should not derail this fight or compromise

hmm

The Aig-Imoukhuede committee had recommended that all the indicted marketers refund N382 billion to government. Mr. Imoukhuede had however advised Nigerians not to expect that all the money would be recovered.

Should they pay this money, will they go free without prosecution? Is this a debt or fraud in a business sense?

If it's debt, no wahala but every fraudulent transaction must be prosecuted.

I couldn't arrive at $50 billion and secondly is Madueke responsible for all transactions in NNPC?

can some one help me with Unilag admission requirements either dey accept two sittings ssce result for direct entry ...

It is not just only $50billion dollars but $100billion dollars. We are talking about Boko haram and how lives are lost on daily basis without any concrete plan to fight them. Note; my friend just missed been killed by whiskers; he is at the hospital receiving treatment and you goon is trying to divert attention. Silly being. Tell your boss to work on boko haram 1st b4 any rubbish

Decibel:
Aluko, Omokore and Aiteo are they not from brown roof republic?

dey look like yo robbers 2 me

RUBBISH, THE PRESIDENT's ONLY INTENTION IS TO USE THIS BOGUS ACCUSATIONS AS A SMOKESCREEN TO PERPETUATE HIS ANNEXATION OF THE OIL PORTFOLIO FOR HIMSELF. THE PRESIDENT IS ABOUT TO FLEECE THIS COUNTRY LIKE NEVER BEFORE. JUST WATCH AS THIS ALLEGATIONS WILL DEVELOP WINGS, WHILE AT THE END OF THE PRESIDENTS TENURE, THE AMOUNT OF SLEEZE WILL BE ASTOUNDING.

mightyhaze:
dey look like yo robbers 2 me

Are you serious? But I thought they sound like what are obtainable in 'Biafra'. I mean they look like 'Igbos'

Gosh! Apparently there are a lot of nairalanders on the pay rolls of all the people who have looted this country to death. What next generation are we talking about? What leaders of tomorrow are we talking about? Some of us wallow in poverty but would still defend people who have taken our commonwealth for themselves and their children's children's children. It's sickening!

Fools , they want to deflect attention from the monumental
loss of lives in abuja bomb blast and the insensitivity of the
Fulani patron in not visiting the blast scene nor condemning the
attack.

This news made a mistake it is actually 5 trillion dollars.

Idiotic pointblanknews shud focus on bokoharam. this lame attempt to diverting attention is dead on arrival.

Lalasticlala ohhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

First step is to freeze these accounts in foreign banks.

Second is to arrest all the actors in one full swoop.

Third is to place a warrant of arrest using all apparatus.

Fourth is to request the extradition of former oil min to Nigeria for trials through special courts.

Fifth is to invite all the other private sector players for questioning.

Sixth is to arrest all the ex-staffers of NNPC mentioned end.

Seventh is to commence prosecution to be led by Vice President and Attorney General.

Eighth is to call Jonathan Goodluck, Ngozi Iweala, Emir Sanusi to testify.

Ninth is to take Jonathan Goodluck head-on.

Tenth is recover and jail all those (directly or indirectly) involved including Jonathan Goodluck, PhD if found guilty through a special court.

Buhari should jettison the idea of heading the Ministry of Petroleum and opt for Minister of Defence so as to lead his Kardashian Gen. Burutai and his boys scout in prosecuting the war in the North east.

Decibel:
Are you serious? But I thought they sound like what are obtainable in 'Biafra'. I mean they look like 'Igbos'

lmao! ''Ibos' ruined gej govt'. 'They lov corruption' bla bla blaaaa .now we knw d ppl dat siphoned d nations commonwealth under d last dispensation,makin poor jona look soo bad

SMH at some imbecilic comments up here. Leaders of tomorrow my foot.

It's GEJ's fault .
I think maybe he used it to sponsor Fulani Herdsmen.
Or.....
Never Mind
News seen. Shall we talk about a quadruple bomb blast that hit the nation a few hours ago in its capital?
OK, thanks
RIP to the dead.

mightyhaze:
lmao! ''Ibos' ruined gej govt'. 'They lov corruption' bla bla blaaaa .now we knw d ppl dat siphoned d nations commonwealth under d last dispensation,makin poor jona look soo bad

You know that "we" yorubas are peace-loving people but the 'ibos' are finding our trouble and will soon blame Awolowo for kidnaping Yoruba leaders in broad day light

PassingShot:
SMH at some imbecilic comments up here. Leaders of tomorrow my foot.

The real political Abobaku. Hope you're restrategizing on how to deal with fulanimafia kinsmen ravaging your region.

darlingtonNYIG:
It is not just only $50billion dollars but $100billion dollars. We are talking about Boko haram and how lives are lost on daily basis without any concrete plan to fight them. Note; my friend just missed been killed by whiskers; he is at the hospital receiving treatment and you goon is trying to divert attention. Silly being. Tell your boss to work on boko haram 1st b4 any rubbish

Ijaw s1ave, tell your paymasters that the general of change PMB will recover all these monies to the later. Go and die!

Nice one but no matter what this government does right, wailers will always have a reason to condemn

wailing wailers over to you

Aluko

Omokore

From $20billion to $50billion. Propaganda govt

Others slated to face trial for varying degrees of fraud and money laundering are: Transfigura which is unable to account for $80million, Ontario Oil which defrauded the oil sector of $135million, Aiteo $150million, Sahara Energy $120million. Those linked to the companies are: Tonye Cole, Tope Osinubi, Ade Odunsi, Tunde Ayeni.

-SOURCE

crixtex:
Fools... propagandist idiots.... U ve brought this out again to swerve attention for d Boko bombings... na God go punish una... tell ur baba dullard to face boko haram dat re wasting pples lives first... goons and goblins

see d way is paining u, did u eat inside d corrupt money

This source get as e be. Can't wait for trials to start

Decibel:
The real political Abobaku. Hope you're restrategizing on how to deal with fulanimafia kinsmen ravaging your region.

na u dash am liver ?? . Passinshit go jst shiit 4 pant b4 passin out

Decibel:
Aluko, Omokore and Aiteo are they not from brown roof republic?

Brown roof republic ain't shielding corrupt ppl unlike Biafra, they should be deal with accordingly if find wanting.
Kola Aluko must be among, the man with the Bugatti veron & a close ally of opolo eye.

Riodiao:
From $20billion to $50billion. Propaganda govt

Pointblank news is own by a renowned wailer.