Alleged $1.6billion Fraud: Why My Company Paid $3million To Construction Firm – Omokore | Sahara Reporters

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The businessman, who has been reported to be an ally of former Petroleum Minister, Diezani Alison-Madueke, stated this at the resumed hearing of the case involving himself, Atlantic Energy Brass Development Ltd, Atlantic Energy Drilling Concept Limited, Victor Briggs ( former managing director, Nigerian Petroleum Development Company, NPDC, and Abiye Membere, on Thursday before Justice Nnamdi Dimgba of the Federal High Court, Abuja.

The first defence witness in the alleged $1.6billion oil fraud, Olajide Omokore, has explained why one of his companies, Atlantic Energy Drilling Concept, paid $3,569,979 to YF Construction Development Estate Limited.

Omokore in a statement on Thursday by the EFCC’s spokesperson, Wilson Uwujaren, said his company and YF Construction build and sell properties together. “Asked whether he has a Joint Venture with the company, he said, no but added that, maybe his legal department has. The prosecuting counsel asked him to look at page 2 on Exhibit Atlantic 64 to confirm an invoice to his company, Energy property for the purchase of “Jaguar Ultimate” at 36 million naira, on October 14, 2013. He confirmed the invoice.

 

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