A Federal High Court sitting in Lagos, Monday
adjourned further hearing in the asset forfeiture
suit brought by the Federal Government against
two associates of former Minister of Petroleum
Resources, Diezani Alison-Madueke, Jide
Omokore and Kola Aluko and their company,
Atlantic Energy, till June 29, 2016.
The Federal Government is accusing Aluko and
Omokore of illegally transfering the country’s oil
assets to themselves and their companies.
In the suit filed before Justice Oluremi
Oguntoyinbo, the Federal Government is seeking
a global freeze of $1.8 billon in assets allegedly
stolen by Aluko and Omokore when their
company was allegedly granted enormous
contracts from the Nigerian Petroleum
Development Company on the instructions of
The contracts were allegedly awarded Atlantic
Energy through the Strategic Alliance
Agreements. The company was alleged not to
have legally existed when the contracts were
Aluko is presently being investigated by
INTERPOL while Omokore had been arrested
several times by the EFCC.
The assets the federal government seeks to
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 airplanes.