How Diezani, others diverted NNPC’s $1.8bn –FG

How Diezani, others diverted NNPC’s $1.8bn –FG

Nigerian businessmen, Kola Aluko and Jide Omokore, have urged the Federal High Court in Lagos to stay further proceedings in a suit filed against them by the Federal Government to recover an alleged debt of $1.8bn.

The court, presided over by Justice Oluremi Oguntoyinbo, had last year made a mareva injunction freezing the defendants’ assets both at home and abroad pending the determination of the suit.

The Federal Government sued Aluko and Omokore, who are allies of a former Minister Petroleum Resources, Mrs. Diezani Alison-Madueke, alongside their companies, Atlantic Energy Drilling Concepts Nigeria Limited and Atlantic Energy Brass Development Limited.

In an affidavit attached to the suit filed through its lawyer, Mr. Dipo Okpeseyi (SAN), the Federal Government alleged that the defendants unlawfully diverted a profit of about $1.8bn due to it on crude oil which they lifted and sold.

A lawyer from the Federal Ministry of Justice, Isaac Oginni, who deposed to the affidavit, said rather than pay the Federal Government, the defendants converted the $1.8bn to their own and used it to, among others, buy several vehicles valued at over N800m, which they allegedly donated to the Peoples Democratic Party.
[post_ads_2]
According to Oginni, the defendants also bought another set of vehicles worth over N130m and gave them out to Diezani and some other management staff members of the Nigerian Petroleum Development Company.

He added that Aluko, among others, also used part of the allegedly diverted funds to purchase a 26-flat property at 46, Gerrard Road, Ikoyi, Lagos for which he made part payments of $18,548,619.99 and N1,070,000,000 to FBN Mortgages Limited.

Efforts by the defendants to vacate the mareva injunction freezing their bank accounts and assets both locally and internationally failed late last year as Justice Oguntoyinbo dismissed their application, seeking to vacate the injunction.

The judge held that the injunction would subsist until the final determination of the case filed against them by the Federal Government.

The displeased businessmen and their companies, however, appealed the ruling and subsequently urged Justice Oguntoyinbo to stay further proceedings in the case pending the outcome of the appeal. Justice Oguntoyinbo adjourned till September 29, 2017 to determine the new application.
Download Newsalert NG MobileApp

Like what you've read?Subscribe to Newsalert NG by Email to Receive Update

JOIN OUR FREE BBM CHANNEL FOR INSTANT UPDATE>> CLICK HERE

COMMENTS

BLOGGER
Name

#Onyepoloavenue,1,2004,1,2013 MTV EMA,1,2014,2,2014 porsche panamera,1,2050,1,5000 NAIRA NOTES,1,8 weeks,1,9ice,1,AAUA,1,Adekemi Faboro,1,advice,1,African footballer of the year,1,airline crash,1,Aisha Sulaiman,2,akwa ibom,2,Allelu,1,allnews,1,Amber Rose,1,anambra,1,anambra election,2,android,1,Android 4.3 update,1,Anita Joseph,1,annie idibia,1,annie idibia birthday,1,APC,4,APC Rally,2,arm robbery,1,arsenal,1,Ashanti,1,Ashton Kutcher,1,assasinate,1,asuquo edet 15 year old,1,asuu,8,aubameyang,1,awards,1,Ayo oritsejafor,2,BaddestGuyEverLiveth,1,Barack Obama,1,BBC,1,beyonce,3,BIRTHDAY,1,Blac Chyna,2,boko haram,3,BON AWARDS,1,boobi kristina brown,1,Bosede Arowosegbe-Aremu,1,boyfriend,1,Brazil,1,breaking loose,1,BRYMO,1,Burnaboy,2,Business,5,CAN,1,catholic,1,caught up,1,CBN,1,celeb,1,Celebrity,2623,Celine Dion,1,CHARLY BOY,1,CHILD GROWTH,1,child trafficking,1,child's dedication,1,Chinko Ekun,1,chocolate city,1,christina milan,1,church,1,comedian emeka smith,1,Congratulation,1,contract,1,corazon kwanboka,1,Coza pastor Abiodun fatoyinbo,1,Cristiano Ronaldo welcomes twins into his family,1,Crystal Renay,1,cynthia morgan,1,dammy krane,1,Dangote richest in Africa worth 20 billion Naira,1,darey alade,1,davido,1,DB records,1,Dbanj,1,Decent man,1,Deji falae,1,dencia,1,dencia robbed in paris,1,Denrele,1,divorce,4,don jazzy,2,doris simeon,1,download yawa dey video,1,Dr.sid,2,Ebola,5,ebonyi,1,ebube Nwagbo,1,education,16,electric car 2014,1,Emeka Ike,1,enter,1,Entertainment,10165,Entertainment news,2,Enugu,1,Eze walter,1,fashion,1,fast and furious 7 release date,1,FEATURE,44,featured,10,felaberation,1,festus iyayi died in a car accident,1,FG,1,FIFA,2,Five star crew,1,Foluke Daramola,1,FORE,1,Foreign,6442,Francisca De-Souza,1,french montana,1,funke akindele,1,Futminna cpes online registration,1,FUTO,1,girlfriend,2,girlfriend funmi aboderin,1,Gists,1329,Glo,1,gODWIN OKEKE,1,Golden eaglets,2,Goodluck Jonathan,2,GreatMan,1,Greece,1,GT-I9300,1,GUO MOTORS,1,Halima,1,Halloween,1,Haruna Tsokwa,1,Hayley Okines,1,Health,583,Healthy,1,herb seller,1,hezi dean,1,History,1,HIV,1,hospital.patient,1,hypertek,1,Ice Prince,1,Iggy Azalea,1,ijeoma okonkwo,1,illuminati,1,Infinity,1,Ini Edo,2,instagram,2,introduction with simi osomo,1,irreplaceable,1,ISIS,1,iyabo ojo,1,Iyanya new video le kwa ukwu,1,jamb,1,JaySlot,1,JBOY,1,JBoy-Nollywoodchicks,1,Joan Rivers,1,john mikel,1,Jokes,6,jonathan pitrroipia,1,jubilee festival,1,Juliet Ibrahim,1,kanye west,1,kardashians,1,Karim Wade,1,katy perry,1,kcee,1,kedike chidinma,3,kelechi iheanacho,2,kemi olunloyo,2,khloe kardashian,1,KIDNAPPED,1,kim kardashian,3,kondja relationship is over,1,Konga,1,Korede Bello,1,Ladi Kwali,1,Lady Gaga flying dress,1,Lagos,2,lagos countdown,1,LahLah,1,latest,1,Latest on Asuu strike,4,liberia,1,Lifestyle,212,lindaikeji,1,lionel messi injured,1,lobatan,1,Local,6318,Lola omotayo,2,Lola omotayo.peter okoye,2,Lord of Ajasa,1,lounge,1,love like a movie,1,Lupita Nyong'o,1,lynxxx,2,mafia considering a lethal strike on pope francis,1,magazine,1,maheeda,2,maiduguri,1,makeup,1,malaria,1,MANDIBA IS DEAD,1,marriage,2,matthew ekeinde,1,Mavin records,1,MC Adoga of Rap,1,Microsoft,1,mike akhigbe,1,Mila Kunis,1,miley cyrus,1,military,1,moet abebe,1,Money,1,motherhoodinstyle,1,mp3,842,Mrs. clara chime,1,MTV,1,mum,1,music,8,Music video,141,natural ways to delay ejaculation,1,NELSON MANDELA IS DEAD,2,New Taraba,1,News,10248,Nicki Minaj,3,Nigeria,8,Nokia,1,North West,2,novemmber 18,1,nun,1,official! BBA contestants Beverly Osu and Bimp are a couple!,1,olamide,4,Omawumi,1,Omotola ekeinde,1,Oprah Winfrey,1,parents,1,Paris Jackson,1,pastor killed himself,1,Patience Jonathan,2,Patrick Obahiagbon,1,PDP,5,peter edibi nigeria refree in fifa,1,peter okoye,1,phyno,2,pics,19,police,2,Polio,1,politics,6,Pope Francis,1,Pounded yam,1,precious chikwendu,1,president,2,prostitutes,1,Queeneth Hilbert,1,rape in osun,1,reconciled,1,result poll,1,reunion,1,Rev. Teddy Parker,1,Rihanna,1,Rili Cile,1,Rita Dominic,1,Ruth Kadiri,1,samsung galaxy III,1,Sarah Ofili,1,sean tizzle,1,sex scandal,1,sex trafficking,1,seyilaw,1,Sierra Leone,2,skales,1,skuki,1,sophie kotkis blind girl,1,soundcity,1,SOUNDSULTAN,1,Soundsultan 37th birthday with MTN,1,SOUTH AFRICAN ICON,1,spanish,1,Speaker,1,sport,1,Sporting,1,Sports,2494,sued,1,surulere ft don jazzy,1,swarmed,1,Tech,2,technews,2,Technology,799,teebillz babymama,1,terrorism,1,timaya's child,1,tiwa savage,1,Toast,1,toke makinwa,2,Tonto Dikeh,1,toolz,1,top,1,top stories,1,Toyota camry 2014,1,Traditional attire,1,Traditional wedding,1,trendy shoes,1,tuface,1,tunde demuren,1,twins daughter,1,twitter,1,UAE,1,uduaghan,1,UNICEF,1,unilag admission,1,unilag asuu resumption,1,Unilorin,1,university of lagos,1,US,1,us government,1,usher,1,utube,2,venita akpofure,1,victor moses,1,video,446,videp,1,Vin Diesel,1,viral video,89,waconzy,1,Waje,1,wande coal,1,weddind invitation card,1,witchcraft,1,wizkid in traditional attire,1,world cup,2,wrecking Ball,1,yaya toure,1,Yemi Alade,1,yvonne nelson birthday photos,1,Zayn Malik,1,
ltr
item
Newsalert NG: How Diezani, others diverted NNPC’s $1.8bn –FG
How Diezani, others diverted NNPC’s $1.8bn –FG
How Diezani, others diverted NNPC’s $1.8bn –FG
https://i1.wp.com/www.musbizusblog.com/wp-content/uploads/2017/07/diezani-alison-madueke-300x201.jpg?resize=300%2C201
Newsalert NG
http://www.newsalert.com.ng/2017/07/how-diezani-others-diverted-nnpcs-18bn.html
http://www.newsalert.com.ng/
http://www.newsalert.com.ng/
http://www.newsalert.com.ng/2017/07/how-diezani-others-diverted-nnpcs-18bn.html
true
7131757802101267353
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy