$50Billion Oil Fraud: Diezani, Aluko, Aiteo, Sahara Energy, Omokore, Wagbatsoma For Trial

…Diezani Arrested In London

By pointblanknews
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Baring any last minute change of plans, the Federal Giovernment has

concluded arrangement to commence the trail of former Pretroleum Minister,

Diezani Allison-Madueke and all those fingered in fraudulent activities in

the oil sector which has cost the country over $50Billion, highly placed

sources within the security apparati and the Presidency, have told

Pointblanknews.com.
Diezani Alison-Madueke, has already been arrested today by a combined team

of Interpol and Met Police in London, a source in London confirmed to

Pointblanknews.com.
Already, the Economic and Financial Crimes Commission, EFCC, The

Department of State Security Service, DSS, the Independent Corrupt

Practices Commission, ICPC, the Ministry of Justice and other agencies set

up to probe the Petroleum Ministry and the Nigeria National Petroleum

Corporation, NNPC, have all concluded reports and findings and forwarded

to the Presidency.
One of the sources privy to the investigations, but pleaded anonymity told

Pointblanknews.com that the President is bent on commencing the trial in

earnest because of his belief that a large chunk of the monies stolen by

companies and individuals, who operated in the oil sector, would be

recovered.
It was gathered that findings from investigators indicated that a sum of

$4.5Billion which was supposed to have been deposited into the Federation

Account by Jide Omokore and Kola Aluko’s Atlantic Energy have been traced

to foreign accounts. The accounts, according to investigators are in LGT

Bank, Switzerland with account number 2006431.
Investigators also disclosed to Pointblanknews.com that funds were also

found in the name of Atlantic Holding Ltd in LGT Bank with Account number

2005108 and Atlantic Energy DMCC Ltd with account number 2006822 in LGT

Bank, Switzerland.
Omokore and Aluko, according to investigators are one of Diezani’s front.

The are alleged to have carried out the fraud in the oil sector under the

cover of the former Petroleum Minister.
A source hinted that while investigators were unearthing damning

documents, Omokore, on the advice of Diezani, offered to pay $500million

back to the Federations account but a visibly angry President Mohammadu

Buhari was said to have rejected the offer, insisting the refund of the

full $4.5billion.
Investigators discovered that in 2013, Atlantic Energy lifted about

2million barrels of crude oil with cash value of $240million, but paid

$68million only. In 2014, investigators also discovered that Atlantic

Energy lifted about 500,000 barrels of crude oil at a cash value of $54

million but paid nothing to the federation account.

Chief among those slated for prosecution in the next two weeks are those

indicted in the fraud associated with the petroleum subsidy where Billions

were allegedly stolen by marketers and those invovled in series of fraud

in the Petroleum sector, a source privy to the investigation told

Pointblanknews.com.
Others slated to face trial for varying degrees of fraud and money

laundering are: Transfigura which is unable to account for $80million,

Ontario Oil which defrauded the oil sector of $135million, Aiteo

$150million, Sahara Energy $120million.
Those linked to the companies are: Tonye Cole, Tope Osinubi, Ade Odunsi,

Tunde Ayeni, Walter Wagbatsoma, Benny Peters
Pointblanknews.com gathered that some serving and former officials of the

Nigeria National Petroleum Corporation, NNPC, were linked to several

fraudulent activities carried out in the oil sector and as such will be

prosecuted also in two weeks.
The source gave the names of those former NNPC top guns as: former GMD

Austen Oniwon, Reginald Stanley, Haruna Momoh and Sam Okeke, a former

Group General Manager, New Business Division of the NNPC.

Others officials of the Petroleum sector for trial are: Managing Director

of NPDC, Mr. Tony Moemeke, Executive Director, Commercial, PPMC, Mr. Frank

Amejo; Group General Manager, Crude Oil Marketing Division, Mr. Gbenga

Komolafe; Former Managing Director of NPDC, and later NNPC Group Executive

Director, E & P, Mr. Abiye Membere.
The source alleged that the former NNPC officials and Oil Marketers helped

or connived with former Petroleum Minister, Diezani Madueke to defraud the

nation of over $50Billion.
Transfigura was reportedly unable to account for $80 million, while Aiteo

apparently gulped down $150 million. Other oil firms named in the

defrauding of the Nigerian people are Ontario, which failed to account for

$135 million, and Sahara Energy, accused of skipping the payment of $120

million to the government.
Aiteo, owned by Peters and Ontario who were curiously awareded several oil

contracts allegedly gave investigators several forged documents and cooked

up records. An investigator also disclosed that the two companies are most

directly linked to Mrs. Alison-Madueke.
A Swiss non-governmental organization, the Berne Declaration had revealed

how Nigerian oil marketing companies perpetrated widespread subsidy fraud

running into several billions of dollars.
Titled “Swiss Traders’ Opaque Deals in Nigeria,” the Berne Declaration

also accused the NNPC of colluding with international oil traders to

defraud Nigeria.
The Swiss report revealed that Sahara Energy, Rahamaniyya Group, Aiteo

Energy Resources Limited, Ontario Oil and Gas Limited, Tridax Energy,

Mezcor Limited and MRS Group had established subsidiaries, also called

letter-box companies, in Geneva, Switzerland
The Aig-Imoukhuede committee had recommended that all the indicted

marketers refund N382 billion to government.
Mr. Imoukhuede had however advised Nigerians not to expect that all the

money would be recovered.