Across Nigeria Corruption Matters Main News News

Court Papers: How Aluko, Omokore laundered $1.7bn stolen from NNPC

Court papers in Lagos Nigeria have revealed in graphic details how oil businessmen, Kolawole Akanni Aluko and Jide Omokore laundered the $1.7bn creamed off the questionable oil swap transactions between them and the NNPC, during the tenure of Diezani Alison-Madueke.

According to the News Agency of Nigeria, Some of the money laundered through the United States and which had been used to acquire assets are now the subject of a forfeiture bid by the United States Justice Department. But the filings in a Lagos court have provided the most insightful details yet into how the entire money was laundered, while the Nigerian treasury was left dry and emasculated.

According to an affidavit sworn at the Federal High Court by Isaac Kehinde Oginni, a lawyer in the Federal Ministry of Justice, both Aluko and Omokore lifted and sold allotted Nigeria’s crude oil. While they were paid for their service, they deliberately diverted to private use, what was due to the Federal Government and the people of Nigeria, in the sum of $1,762,338,184.40.

click here to read more

About the author

CACOL

Add Comment

Click here to post a comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe to News Update

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Archives