Operatives of the Economic and Financial Crimes
Commission on Tuesday evening questioned Jide Omokore, an ally of former
president, Goodluck Jonathan, and Chairman of Atlantic Energy Drilling Concepts
Nigeria Limited.
PREMIUM TIMES gathered the arrest was in connection
with a series of multi-billion dollar petrol import and crude export deals.
Multiple security sources told PREMIUM TIMES that
Mr Omokore, who was later released on Wednesday evening, made revealing
statements.
Operatives said he was expected to return with some
required documents.
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.
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 – OML 30 and 34 – for just over $50 million each.
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.
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.
The company was also
accused of lifting crude oil, but only remitting a fraction of its worth to the
government.
In 2012, Atlantic Energy
paid $168m into the government’s account, but lifted about three million
barrels – valued at over $350 million.
In 2013, it also lifted
about 2 million barrels of crude valued at about $240million, but paid only
$68million.
Similarly, in 2014,
Atlantic Energy paid zero cash-call, but lifted about 500,000 barrels of crude
oil, valued at $54 million.
SPOG, another of Mr.
Omokore’s companies, is also being investigated for an alleged N400
million petrol import fraud.
SPOG allegedly imported
3,000 metric tonnes of PMS but filed claims for subsidy payment of 13,000
metric tonnes with the Petroleum Product Regulatory Agency (PPRA), therefore
allegedly pocketing N400 million more than it should have been paid.
The EFCC recently raided
the business premises of Mr. Omokore, making away with documents and computers.
A source also said Mr.
Omokore has been instructed by the presidency to reconcile his accounts with
NPDC, and immediately pay up the several billions he is owing the Nigerian
government for allegedly lifting crude without remitting the proceeds.
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