BREAKING News: EFCC Arrests ex-NNPC GMD and Billionaire Oil Mogul, for Money Laundering - Uju Ayalogu's Blog for News, Reviews, Articles and More

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Monday 20 June 2016

BREAKING News: EFCC Arrests ex-NNPC GMD and Billionaire Oil Mogul, for Money Laundering

BREAKING News: EFCC Arrests ex-NNPC GMD and Billionaire Oil Mogul, for Money Laundering

Yakubu and Omokore

The Economic and Financial Crimes Commission, will today, June 20, 2016, arraign Andrew Yakubu, a former Group Managing Director of the NNPC and Jide Omokore at the Federal High Court in Abuja.

According to a report on Premium Times, the Economic and Financial Crimes Commission has rearrested oil magnate, Jide Omokore, and will most likely slam money laundering charges on him today (Monday).

An official who briefed on the matter, said the businessman would be arraigned alongside Andrew Yakubu, a former Group Managing Director of the Nigerian National Petroleum Corporation, who has also been picked up.

Sources revealed that the duo would be charged before Justice Binta Nyako of the Federal High Court, Abuja on a four-count charge of money laundering.

The anti-corruption agency detained Omokore over the weekend over allegations that he connived with former Nigerian oil minister, Diezani Alison-Madueke to steal billions of dollars in shady oil transactions.

According to EFCC insiders, other defendants in the case are Victor Briggs, Abiye Memnere, David Mbanefo, Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concepts Limited.

This is a developing story, we'll be bringing you more details as soon as its made available.

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