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