Omokore ,Others Granted Bail of N50m

                                            


Mr Jide Omokore ,Chairman of Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concepts Limited and the former GMD of NNPC and other who were charged before Justice Binta Nyako, yesterday were granted bail of N50m naira each

Aside ordering the defendants to deposit N50 million each, the court said each of them must produce a surety, who must either be a senior civil servant or must have a landed property.
Justice Nyako said the sureties must depose to an affidavit of means, adding that the defendants must deposit their international passports and other travelling documents with the court.

One of the charges reads;

“That you, Olajide Jones Omokore, Atlantic Energy Brass Development Ltd, Atlantic Energy Drilling Concepts Ltd and Kolawole Akanni Aluko (now at large) between May and October, 2013, within the jurisdiction of this honourable court, by false pretence and with intent to defraud, induced the Nigerian Petroleum Development Company, Nigeria National Petroleum Corporation (NNPC) and the Federal Government of Nigeria to deliver to you 5, 652, 227 barrels of crude oil (Brass blend) valued at the sum of US $ 616, 013, 615.27, through the medium of contact (Strategic Alliance Agreement) which delivery was induced by false pretence to wit: the representation that you have technical competence, professional skills and funds (both local and foreign) necessary to support NPDC in petroleum operation for the OML 60, 62, 62 and 63 and you thereby committed an offence contrary to Section 1 (1b) of the Advance Fee Fraud and other fraud related offences Act CAP A6 2010 Laws of the Federal Republic of Nigeria and Punishable under Section 1 (3) of the same Act.’’