FG recovers over $14m in unpaid oil royalty from Jide Omokore’s firm


The FG has succeeded in compelling the Chairman of Atlantic Energy Drilling Concepts Nigeria Limited, Jide Omokore, to cough out over $14m, being crude oil royalty which his company failed to remit to the federal treasury.

The funds were supposed to have been paid between 2011 and 2012 by Atlantic Energy which was, in controversial circumstances, awarded oil assets by the GEJ government shortly after it was incorporated in 2010.

The money was finally paid into the FG’s account with JP Morgan Chase on January 29, after the EFCC waded into the matter of recovering taxes due to the FG, with threats that those who fail to willingly pay up stand the risk of arrest and prosecution for tax fraud….. n growing white beard for Kuje….. Cc: PremiumTimes 


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