{"id":46639,"date":"2016-06-14T06:13:11","date_gmt":"2016-06-14T05:13:11","guid":{"rendered":"http:\/\/newmail-ng.com\/?p=46639"},"modified":"2016-06-14T14:54:49","modified_gmt":"2016-06-14T13:54:49","slug":"fg-seeks-global-seizure-of-multibillion-dollar-assets-of-omokore-aluko-other-of-jonathans-allies","status":"publish","type":"post","link":"https:\/\/newmail-ng.com\/fg-seeks-global-seizure-of-multibillion-dollar-assets-of-omokore-aluko-other-of-jonathans-allies\/","title":{"rendered":"FG seeks global seizure of multibillion dollar assets of Omokore, Aluko, other Jonathan\u2019s allies"},"content":{"rendered":"
The federal government on Monday kicked off legal processes that will enable it freeze local and foreign assets of Jide Omokore and Kola Aluko, allies of former petroleum minister, Diezani Alison-Madueke, who are being investigated in connection with a series of multi-billion dollar petrol import and crude export deals.<\/p>\n
Omokore, who is also an ally of former President Goodluck Jonathan, is the chairman of Atlantic Energy Concept Nigerian Limited (AEDC) and Atlantic Energy Brass Development Limited (AEBD). Both companies were listed as the first and second defendants in the suit.<\/p>\n
Atlantic Energy Limited was one of the companies that allegedly received multibillion dollar worth of public assets without due process by the Jonathan administration in 2011.<\/p>\n
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 \u2013 OML 30 and 34 \u2013 for just over $50 million each.<\/p>\n
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.<\/p>\n
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.<\/p>\n