• About
  • Advertise
  • Contact
Friday, May 30, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Crime

US Recovers $53mln Fraud Proceeds Linked To Diezani, Aluko, Omokore

Vital News by Vital News
March 29, 2023
in Crime, Judiciary
0
Share on FacebookShare on Twitter

US – The final resolution of two civil cases seeking the forfeiture of the luxury assets that were laundered in and through the country in a case involving Diezani Alison-Madueke, former minister of petroleum resources, and her associates, has been announced by the U.S Justice Department.

The US government in 2017, filed a suit to recover $144 million in assets that were purportedly acquired with proceeds from a shady scheme in Nigeria’s oil industry.

It was alleged at the time that Kola Aluko, a Nigerian businessman, and Jide Omokore, chairman of Atlantic Energy Drilling Concepts Nigeria Limited paid bribes between 2011 and 2015 to Diezani in exchange for contracts.

She then allegedly used her position to secure contracts for Aluko and Omokri’s in Shell companies through a subsidiary of the defunct Nigerian National Petroleum Corporation (NNPC), now the Nigerian National Petroleum Company (NNPC) Limited.

The US department of justice in a statement released earlier this week, disclosed that the forfeited assets which are “proceeds of foreign corruption offenses” include $53.1 million in cash, plus a promissory note with a principal value of $16 million”.

RelatedStories

Army Armourer, 17 Other Soldiers, 15 Mobile Police Officers, Traditional Ruler Arrested For Selling Arms To Criminals

Islamic Cleric To Die By Hanging For Killing, Stealing N300,000 From Client In Osun

Emefiele Drags FG To Appeal Court Over Forfeiture Of 753 Units Of Houses In Abuja Estate

NDLEA Arrests Two Pilgrims Heading To Saudi Arabia With Cocaine

The statement added ;
“According to court documents, from 2011 to 2015, Nigerian businessmen Kolawole Akanni Aluko and Olajide Omokore conspired with others to pay bribes to Nigeria’s former minister for petroleum resources, Diezani Alison-Madueke, who oversaw Nigeria’s state-owned oil company.

“In return, Alison-Madueke used her influence to steer lucrative oil contracts to companies owned by Aluko and Omokore.

“The proceeds of those illicitly awarded contracts totaling more than $100 million were then laundered in and through the United States and used to purchase various assets through shell companies, including luxury real estate in California and New York as well as the Galactica Star, a 65-meter superyacht.

“The real estate was also used as collateral for loans to Aluko and shell companies he controlled.

“As part of the forfeiture process, those lien holders were paid.”

Tags: OilproceedsrecoverUS
Previous Post

DSS Says Plot To Scuttle May 29 Transition Of Power Real

Next Post

Police Service Commission Approves Promotion Of 24 CPs TO AIG, 33 DCPs TO CPs, Others

Vital News

Vital News

RelatedStories

Army Armourer, 17 Other Soldiers, 15 Mobile Police Officers, Traditional Ruler Arrested For Selling Arms To Criminals
Crime

Army Armourer, 17 Other Soldiers, 15 Mobile Police Officers, Traditional Ruler Arrested For Selling Arms To Criminals

May 29, 2025
Islamic Cleric To Die By Hanging For Killing, Stealing N300,000 From Client In Osun
Crime

Islamic Cleric To Die By Hanging For Killing, Stealing N300,000 From Client In Osun

May 29, 2025
Emefiele Drags FG To Appeal Court Over Forfeiture Of 753 Units Of Houses In Abuja Estate
Judiciary

Emefiele Drags FG To Appeal Court Over Forfeiture Of 753 Units Of Houses In Abuja Estate

May 29, 2025
NDLEA Arrests 14, 480 Suspects, Seizes  2.4million kg Illicit Drugs In 10 months – Marwa
Crime

NDLEA Arrests Two Pilgrims Heading To Saudi Arabia With Cocaine

May 29, 2025
Police Arraign Ekiti Woman For Reneging On Marriage Promise After Collecting N607,500 From Suitor
Judiciary

Governor Uzodimma Sacks Imo Justice Commissioner, Akaolisa

May 26, 2025
Next Post
PSC Promotes Janga, Inuwa, Bode To DIGs

Police Service Commission Approves Promotion Of 24 CPs TO AIG, 33 DCPs TO CPs, Others

Digital Economy : BPSR Restates Need For Privacy, Data Protection

Digital Economy : BPSR Restates Need For Privacy, Data Protection

NCPC Boss Assures Nigerian Pilgrims Of Improved Welfare Package

NCPC Boss Assures Nigerian Pilgrims Of Improved Welfare Package

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Defence Ministry Presents N2.6bln Cheque To Families Of 804 Deceased Officers, Men

Defence Ministry Presents N2.6bln Cheque To Families Of 804 Deceased Officers, Men

2 years ago

Hunters kill lion in Borno village

3 years ago
Ex-PDP State Chairman Dumps Party In Ogun, Joins APC, Praises Abiodun’s Developmental Strides

Ex-PDP State Chairman Dumps Party In Ogun, Joins APC, Praises Abiodun’s Developmental Strides

1 year ago
Tinubu Sets Up Committee On Tax Reform, Picks Taiwo Oyedele As Chairman  

Tinubu Sets Up Committee On Tax Reform, Picks Taiwo Oyedele As Chairman  

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death drugs Economy EFCC Election elections FG Fraud gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security Senate students Tinubu
No Result
View All Result

Highlights

Sidi Ould Tah Elected New President Of AfDB

President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

Midterm Performance : Taraba State Rated Least In IGR, Good Governance

School Wall Collapses On Students Writing WAEC In Taraba

Army Armourer, 17 Other Soldiers, 15 Mobile Police Officers, Traditional Ruler Arrested For Selling Arms To Criminals

Islamic Cleric To Die By Hanging For Killing, Stealing N300,000 From Client In Osun

Trending

Kwara Community Unites Against Female Genital Mutilation, Declares Zero Tolerance
Culture

Kwara Community Unites Against Female Genital Mutilation, Declares Zero Tolerance

by Vital News
May 30, 2025
0

In a significant move to end Female Genital Mutilation (FGM), the people of Ira community in Oyun...

NGF Expresses Sympathy, Solidarity As Flood Devastates Mokwa Community In Niger State

NGF Expresses Sympathy, Solidarity As Flood Devastates Mokwa Community In Niger State

May 30, 2025
21 Die, 10 Missing In Niger Flood Disaster

21 Die, 10 Missing In Niger Flood Disaster

May 29, 2025
Sidi Ould Tah Elected New President Of AfDB

Sidi Ould Tah Elected New President Of AfDB

May 29, 2025
President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

May 29, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Kwara Community Unites Against Female Genital Mutilation, Declares Zero Tolerance May 30, 2025
  • NGF Expresses Sympathy, Solidarity As Flood Devastates Mokwa Community In Niger State May 30, 2025
  • 21 Die, 10 Missing In Niger Flood Disaster May 29, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In