Money laundering: EFCC arraigns Omokore, Yakubu, others

Money laundering: EFCC arraigns Omokore,  Yakubu, others
July 04 22:02 2016

The Economic and Financial Crimes Commission has arraigned Jide Omokore, the chairman of Atlantic Energy Drilling Concept Limited, and Andrew Yakubu, a former group managing director of the Nigerian National Petroleum Corporation, on allegations of money laundering.

Omokore and  Yakubu were charged before Binta Murtala-Nyako at the Federal High Court Abuja on a four-count charge of money laundering.

The anti-graft agency also listed other individuals and firms charged alongside the Messrs Omokore and Yakubu as Victor Briggs, Abiye Membere, David Mbanefo, Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concepts Limited.

Omokore who had been under investigation since 2015 was arrested on June 20, 2016 by EFCC  operatives.

Among other allegations, the EFCC is accusing Omokore and others of securing, shady multi-billion dollar contracts in gross violation of due process.