Jide Omokore Firms’ Accounts Frozen By Worldwide Order

An official of Stanbic IBTC Plc, Mr. Adedayo Adesanmi, told the Federal High Court in Abuja on Wednesday that the accounts of a businessman, Jide Omokore, with the bank and into which $1.6bn proceeds of sales of the Federal Government’s crude oil were allegedly diverted, had been closed as a result of “a worldwide freezing order.”

Adesanmi, who is a Senior Manager with the bank and the Relationship Manager for the two companies’ accounts, disclosed this while testifying as the fourth prosecution witness in the ongoing trial of Omokore and others before Justice Nnamdi Dimgba.

The Economic and Financial Crimes Commission is prosecuting Omokore, his two companies, Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concepts Limited, and others on nine counts of criminal diversion of about $1.6bn alleged to be part of proceeds of sales of petroleum products belonging to the Federal Government.
 From punch