Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,168,830 members, 7,872,790 topics. Date: Wednesday, 26 June 2024 at 10:08 PM

$1.6 Billion Oil Scam: - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / $1.6 Billion Oil Scam: (302 Views)

Sule Lamido: Jonathan Compromised Bayelsa Poll To Avoid Malabu Oil Scam Probe / Malabu Oil Scam: UK Court Repatriates $73m To FG / Osinbajo Admits Approving N640 Billion Oil Contracts For NNPC (2) (3) (4)

(1) (Reply)

$1.6 Billion Oil Scam: by GuntersChain(m): 1:40pm On Jul 06, 2017
Justice Nnamdi Dimgba of the Federal High Court sitting in Abuja
on Wednesday admitted payment instruction documents tendered by the Economic and Financial Crimes Commission(EFCC) in the ongoing trial of the embattled chairman of Atlantic Energy Brass Development Limited, Atlantic Energy Drilling Concept Limited, Jide Omokore, for a $1.6 billion fraud. The documents, which include Internal Memos from the Group Managing Director (GMD), National Petroleum Investment
Management Services (NAPIMS) to the Nigeria National Petroleum
Corporation (NNPC), and letters from the NNPC to the Director,
Banking and Payment Department of the Joint Ventures Companies, and Payment Schedules, were admitted and marked as Exhibits Atlantic 14 – Atlantic 28. Counsel to the EFCC, Rotimi Jacobs (SAN), tendered the documents in evidence through the third prosecution witness, Mohammed Abiri, a former accountant with the NNPC. While being led in evidence by Jacobs, the fitness who was also a technical assistant to the GMD, Finance and Accounts at NAPIMS, and a former chief supervisor at Chevron Joint Ventures, gave insights into the operations of the NNPC, particularly the OML60 series.
He said: “The OML60 series is a joint venture between Agip Oil
Company and NNPC in ratio 60:40 and in 2012 there was divestment, during which OML60 series was transferred to NPDC
and NAPIMS. “Between 2016 and 2017, NPDC has paid $194 million and N43 billion totalling $466 million.” When asked by Jacobs, whether Omokore’s companies made payments with respect to the OML60 series, Abiri said: “To the best of my knowledge I am just hearing about these companies for the first time and cash calls were never paid by them.” Justice Dimgba, thereafter, adjourned to July 10, 2017 for
continuation of trial. Omokore is standing trial along with Victor Briggs, Abiye Membere, David Mbanefo, Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concepts Limited.
They were re-arraigned on November 21, 2016 on a nine-count amended charge, of criminal diversion of about $1.6 billion
alleged to be proceeds of petroleum products belonging to the federal government.

https://dailytimes.ng/news/1-6-billion-oil-scam-court-admits-payment-documents-evidence-omokore/
Re: $1.6 Billion Oil Scam: by baralatie(m): 2:48pm On Jul 06, 2017
this case will be struck out at the end

(1) (Reply)

Fashola To Goje: You’re Unparliamentary / A Group Of Twitter Users Is Suing Trump For Blocking Them On The Platform / Ajumose Agriculture - Do You Know: #doyouknow

(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 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 8
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.