The embattled Chairman of Atlantic Energy Drilling Concepts Nigeria Limited, Mr. Jide Omokore, is said to have been cooperating with operatives of the Economic and Financial Crimes Commission(EFCC) who are probing him over multi-billion oil swap deals between his firm and Nigerian National Petroleum Corporation(NNPC) during the Goodluck Jonathan-led administration. Omokore’s company is among those accused of lifting crude oil, worth billions of dollars, but only remitting a fraction of its worth to the government.
Omokore, a big player in the oil sector during the previous administration, was arrested by EFCC last week to assist them in unraveling how his firm won oil swap deals running into billions of dollars. A source told Vanguard last night that: “We are trying to extract from him the quantity of oil his company was awarded under the oil swap deal and how much he has so far remitted to the government. So far, he has been cooperating with our operatives but we have not extracted the exact figure of what the deals were worth; we are certainly making progress.”
