Court Shifts Hearing In Govt’s Attempt To Seize Mega Assets Belonging To Oil Barons Kola Aluko & Jide Omokore To June 29

According to details available

A Federal High Court in Lagos has adjourned till June 29, 2016, hearing on the seizure of assets belonging to Diezani’s associates, Kola Aluko and Jide Omokore, and their company, Atlantic Energy.

Aluko and Omokore have been accused of suspected business transactions that illegally transferred the country’s oil assets to them and their companies.
The Federal Government had approached Justice Oluremi Oguntoyinbo, seeking a global freeze of $1.8bn in assets allegedly stolen by Aluko and Omokore.

Their company was allegedly granted enormous contracts from the Nigerian Petroleum Development Company on the instructions of Diezani.

According to reports, when Diezani granted Atlantic Energy contracts through the Strategic Alliance Agreements, the company did not legally exist.

According to legal documents, Aluko and Omokore took more than $1.7bn from the Federal Government.
While Aluko is a subject of an INTERPOL investigation, Omokore had been arrested several times by the EFCC.

Some of the assets the government seeks to specifically freeze include three mansions in Los Angeles; two high-end apartments in New York City; properties in Santa Barbara, California; numerous properties in Lagos, including 43 apartments on Banana Island, 58 vehicles, the Galactica Star yacht and three aeroplanes.

Punch