The Economic and Financial Crimes Commission, EFCC, has arrested Jide Omokore, an ally of former president, Goodluck Jonathan and Chairman of Atlantic Energy Drilling Concepts Nigeria Limited.
It was gathered the arrest might not be unconnected with a series of multi-billion dollar petrol import and crude export deals linked to him.
Premium Times reports that Omokore, who is still cooling his heels in the EFCC custody, has made revealing statements.
The company, which was created less than a year earlier and had not produced a droplet of oil, was awarded controlling stakes in two lucrative oil blocks – OML 30 and 34 – for just over $50 million each.
The deal, which was signed by the immediate past minister of petroleum, Diezani Alison-Madueke, gave Atlantic Energy Limited a controlling 55 percent stake in the oil block.
The company was also indicted for lifting crude oil, but only remitting a fraction of its worth to the government.