Alleged $1.6bn Oil Fraud: Why My Company Paid $3M to YF Construction ...Omokore


The money laundering and procurement fraud trial of Olajide Omokore, Atlantic Energy Brass Development Ltd, Atlantic Energy Drilling Concept Limited, Victor Briggs (former managing director, Nigerian Petroleum Development Company, NPDC, and Abiye Membere continued today, Thursday March 3, 2022 before Justice Nnamdi Dimgba of the Federal High Court, Abuja with the continuation of cross examination of the first defence witness, Olajide Omokore.

At the resume sitting today, prosecuting counsel, Rotimi Jacobs SAN, asked the defendant whether one of his company, Atlantic Energy Drilling Concept, paid Three Million, Five Hundred and Sixty-nine Thousand, Nine Hundred and Seventy-nine Dollars ($3,569,979) to YF Construction Development Estate Limited. The witness answered in the affirmative, but added that his company and YF build and sell properties together. “Sometimes if we have land, they build on it, or if they have land, we build on it and sell it together,” he stated.

Asked whether he has a Joint Venture with the company, he said, no but added that, maybe his legal department has. 


Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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