Connect with us


BIG STORY

US Recovers $53m “Proceeds Of Illegally Awarded Contracts” Involving Diezani, Aluko, Omokore

Published

on

The US department of justice has announced 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.

Diezani’s associates who were named in the forfeiture case are Kola Aluko, a Nigerian businessman, and Jide Omokore, chairman of Atlantic Energy Drilling Concepts Nigeria Limited.

The department said the forfeited assets were the “proceeds of foreign corruption offenses”.

In a statement released on its website on Monday, the US department of justice disclosed that “roughly $53.1 million in cash, plus a promissory note with a principal value of $16 million” have been recovered as part of “proceeds of illicitly awarded contracts” involving the trio — Diezeani, Aluko, and Omokore.

“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,” the statement reads.

“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.”

BACKGROUND

Diezani was the minister of petroleum resources from 2010 to 2015 during the administration of former president Goodluck Jonathan.

Shortly before Jonathan handed over to President Muhammadu Buhari in 2015, she left the country.

The former minister is alleged to have stolen $2.5 billion from the Nigerian government while she was a minister.

She has, however, denied the allegations, while the EFCC has since commenced a process to extradite her.

The federal government had gained forfeiture of Diezani’s properties located in Banana Island Foreshore Estate, Ikoyi, Lagos, including 18 flats and six penthouses.

Over the past few years, the trio of Diezani, Aluko, and Omokore have been facing trial over alleged fraud in the procurement of oil contracts and money laundering in Nigeria and US.

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

Aluko and Omokore were said to have paid bribes between 2011 and 2015 to Diezani in exchange for contracts.

Diezani reportedly used her position to secure contracts for Aluko and Omokri’s shell companies through a subsidiary of the defunct Nigerian National Petroleum Corporation (NNPC) — now the Nigerian National Petroleum Company (NNPC) Limited.

BIG STORY

NNPCL Extends Open Invitation To Former President Obasanjo For Tour Of Port Harcourt Refinery

Published

on

The Nigerian National Petroleum Company Limited (NNPCL) has extended an invitation to former President Olusegun Obasanjo for a tour of the Port Harcourt Refinery to verify its operational status.

This development follows Obasanjo’s recent interview with Channels Television, where he cited advice from “Shell Petroleum Development Company (SPDC)” suggesting the refinery would not function effectively.

According to the former president, “SPDC,” which was approached to acquire equity in the refinery, expressed concerns about corruption impeding its operations.

Obasanjo further alleged that NNPCL has been misleading Nigerians about the refinery’s functionality.

Responding to the claims, NNPCL’s Chief Corporate Communications Officer, Mr. Olufemi Soneye, respectfully invited the former president to visit the facility, emphasizing the company’s commitment to transparency and accountability.

Soneye said: “Furthermore, we extend an open invitation to President Obasanjo for a tour of the rehabilitated refineries to witness firsthand the progress made under the new “NNPC Limited.”

Soneye also invited Obasanjo to join the NNPCL in its determination to guarantee the country’s energy security.

“We invite our esteemed former president to join us in this effort as we continue to deliver energy security for our nation and provide tangible benefits to Nigerians.

“His wisdom and experience are invaluable, and we assure him that his advice will always be welcomed and appreciated,” he said.

Soneye explained that the NNPCL did not only carry out a turnaround maintenance on the plant but it embarked on a complete overhaul of the refinery.

He said: “As part of this transformation, “NNPC Limited” has gone beyond oil and gas to become an integrated energy company.

“One of our notable achievements is the complete rehabilitation of the Port Harcourt Refining Company (PhRC) and Warri Refinery.

“This process was not merely the “Turnaround Maintenance (TAM)” of the past but a full-scale overhaul designed to meet world-class standards. Similarly, we are currently conducting the same comprehensive rehabilitation of the old Port Harcourt Refinery and Kaduna Refinery.”

He added that NNPCL has evolved from being a government corporation to a private entity with limited liability.

He said owing to the transition, NNPCL has also moved on from being a loss-making organization to a profit-driven international energy firm.

The new “NNPC Limited,” he said, is committed not only to enhancing these refineries but also to maintaining them to global standards.

Soneye noted that NNPCL will ensure their sustainable operation and contribute significantly to Nigeria’s energy security.

He said: “Regarding his recent comments, we would like to respectfully clarify the current state of the “NNPC.”

The “NNPC” has undergone a transformative journey, evolving from a government corporation into a private entity—”NNPC Limited.”

“This transition has marked a significant shift from being a loss-making organization to a profit-oriented global energy company.”

“We deeply respect and hold President Obasanjo in the highest regard as a distinguished statesman who has contributed significantly to the progress of our nation.

“He has every right to share enduring commitment to the growth and development of Nigeria. Together, we can continue to build a brighter future for our great nation.”

Soneye, who was also requested to react to a media report that NNPCL was to stop the supply of crude oil to Dangote Refinery said, “No need to respond to falsehood.”

Continue Reading

BIG STORY

Naijahottestgist Unveils Man Of The Year, Company Of The Year, Young Person Of The Year, And Public Servant Of The Year!

Published

on

In a year filled with trials and triumphs, these individuals and organizations have risen above challenges to embody resilience, innovation, and exceptional leadership. From the unbreakable spirit of the Man of the Year to the groundbreaking strides of Dangote Refinery, the transformative efforts of Stella Okotete, and the impactful reforms led by Olubunmi Tunji-Ojo, these stories inspire hope and progress for a brighter Nigeria.

1. Meet the Man of the Year

The Man of the Year is no ordinary person. He’s a Nigerian who has lived through the realities of 2024—one of the toughest years yet.

He is the man who has endured the hardship of a nation in flux. From waking up each day to face the high cost of fuel to navigating skyrocketing food prices, he’s felt the weight of every naira spent. Insecurity loomed over his daily life, yet he carried on with courage, protecting what mattered most.

Through it all, this man refused to break. His resilience, grit, and determination to keep moving forward in the face of overwhelming odds set him apart. He is not celebrated for wealth or fame but for his strength, perseverance, and the hope he carries in his heart for a better tomorrow.

The Man of the Year is a symbol of every Nigerian who has faced the same struggles, stood firm, and chosen to believe in a brighter future. His story is your story—one of survival, strength, and the unbreakable spirit of Naija.

Here’s to the Man of the Year. He is proof that no matter how hard the times, resilience will always shine through.

2. Young Person of the Year: Stella Erhuwuoghene Okotete

Stella Okotete, Executive Director of the Nigerian Export-Import Bank (NEXIM), stands out as a trailblazer promoting youth and women’s participation in business, governance, and politics. A visionary leader, she spearheads innovative initiatives at NEXIM, including the Women and Youth Export Development Facility, which provides low-interest loans, and the Nigerian Export-Import Bank Academy (NEXA), a certified digital platform for export-import education.

With degrees from Benson Idahosa University and NOUN, alongside certifications from global institutions such as Harvard, Oxford, and Columbia Business School, Okotete has held significant political roles, including secretary of the APC Election Planning and Monitoring Committee in 2023. Her contributions to public service include serving as Special Assistant on MDGs for Delta State, where she aligned policies with sustainable development goals and implemented impactful programs in education, healthcare, and poverty alleviation.

As co-founder of the E’Girls Foundation, she has championed girl-child rights and human capacity development since 2000. Her work has also led to groundbreaking efforts like outlawing female circumcision in Ughelli North and driving school enrollment through the “War Against Loitering and Hawking During School Hours” initiative.

Committed to empowering women in governance, she developed a strategy to train 20 million women for public office and conceptualized the Progressive Women Trust Fund, fostering financial support for female leaders. Okotete’s relentless dedication to service, innovation, and empowerment makes her a standout leader transforming Nigeria’s socio-economic landscape.

3. Nigerian company of the year

Dangote Refinery

The Dangote Refinery is a game-changer for Nigeria’s oil industry. Located in the Lekki Free Trade Zone, Lagos, it’s the largest single-train refinery in the world, with a capacity to process 650,000 barrels of crude oil per day.

This massive project, worth over $19 billion, is expected to meet 100% of Nigeria’s oil needs and even have a surplus for export. The refinery will produce various petroleum products, including diesel, kerosene, and gasoline.

Some impressive features of the Dangote Refinery include:

– *Pipeline Infrastructure*: The largest sub-sea pipeline infrastructure in the world, spanning 1,100 kilometers.

– *Power Generation*: A 435MW Power Plant that can meet the total power requirement of Ibadan DisCo.

– *Job Creation*: The refinery is expected to provide 135,000 permanent jobs in the region.

The refinery began production in January 2024, starting with diesel fuel and aviation fuel. With its advanced technology and massive capacity, the Dangote Refinery is set to revolutionize Nigeria’s oil industry and boost the country’s economy.

4. Nigerian public servant of the year

Olubunmi Tunji-Ojo, the Minister of Interior in Nigeria, has indeed been associated with efforts to bring about positive change and reform in the country.

Some of the key areas where Tunji-Ojo has been instrumental in driving reform include:

1. *Prison Reform*: Tunji-Ojo has been advocating for prison reform, aiming to improve the living conditions and rehabilitation programs for inmates.

2. *Immigration Reform*: He has been working to modernize Nigeria’s immigration system, making it more efficient and effective in managing the country’s borders.

3. *Disaster Management*: Tunji-Ojo has been instrumental in strengthening Nigeria’s disaster management capabilities, ensuring that the country is better prepared to respond to natural disasters and emergencies.

4. *Internal Security*: He has been working to enhance internal security in Nigeria, focusing on community policing and intelligence-driven law enforcement.

These efforts demonstrate Tunji-Ojo’s commitment to driving positive change and reform in Nigeria, particularly in the areas of justice, security, and humanitarian response.

Continue Reading

BIG STORY

Inside Delta: Police Arrest Man For Allegedly Stabbing Neighbour To Death Over Rice

Published

on

The Delta State Police Command confirmed the arrest of 30-year-old Daniel Onyejekwe for allegedly stabbing his neighbor, Christian, to death over a dispute about rice.

The incident occurred on New Year’s Day in the Ogwanja area of Sapele, Delta State.

The Police Public Relations Officer, Delta State Command, SP Bright Edafe, confirmed the development on Thursday, saying, “It is confirmed, and the suspect is in custody.

The two were fighting and injured themselves badly. Unfortunately, one, Christian, died.”

An eyewitness reported that the altercation started when rice was being shared along Boyo Road in Ogwanja.

An argument ensued between Onyejekwe and the deceased, leading to a physical fight.

The eyewitness stated, “Christian and Daniel started dragging the rice, and during the fight, Daniel picked a bottle and stabbed Christian multiple times. The vigilante rushed him to the hospital, but he was confirmed dead on arrival.”

The remains of the deceased have been deposited at a mortuary, while the police have launched an investigation. SP Edafe assured residents that the suspect would be prosecuted after the investigation was concluded.

Continue Reading



 

Join Us On Facebook

Most Popular