EFCC arrest oil magnate, Jide Omokore and ex-NNPC GMD, Andrew Yakubu, over alleged money laundering

Jide Omokore

Jide Omokore

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

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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.

Also last week, the federal government commenced processes that would enable it freeze local and foreign assets of Mr. Omokore, and Kola Aluko, another ally of former Petroleum Minister, Diezani Alison-Madueke, and ex-President Goodluck Jonathan.

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Culled: Premium Times

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