Court Adjourns Hearing On Kola Aluko, Omokore’s Suit

FEDERAL High Court sitting in Lagos has adjourned till June 29, 2016, hearing on
the seizure of assets belonging to Diezani’s associates, Kola Aluko, and Jide Omokore, and
their company, Atlantic Energy.

Aluko and Omokore were accused of playing prominent roles through ‘business transactions’ that illegally transferred the country’s oil assets to them and their companies from the Nigerian Petroleum Development Company on the instructions of Diezani.

Following discovery, the Federal Government had approached Justice Oluremi Oguntoyinbo, seeking a global freeze of $1.8bn in assets allegedly stolen by Aluko and Omokore. Other assets the government seeks to specifically freeze include three mansions in Los Angeles; two high-end apartments in New York City; properties in Santa Barbara, California; numerous properties in Lagos, including 43 apartments on Banana Island, 58 vehicles, the Galactica Star yacht and three aeroplanes.

The anti-graft agency also discovered that, when Diezani granted Atlantic Energy contracts through the Strategic Alliance Agreements, the company was not registered with the Corporate Affairs Commission, and therefore a nonexistent entity. .
The charge sheet indicated that Aluko and Omokore took more than $1.7bn from the Federal Government.



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