Court acquits Jide Omokore of $1.6bn fraud

The Federal High Court, Abuja has discharged and acquitted Jide Omokore, Chairman of Atlantic Energy Drilling Concepts Nigeria Limited and an ally of former Petroleum Minister, Mrs Diezani Allison-Madueke of fraud.

The court, however, convicted Omokore’s co-accused, Victor Briggs and Abiye Membere for receiving car gifts, an offence contrary to Section 98 of the Criminal Code Act.

Delivering judgment on the alleged 1.6 billion dollar fraud charge leveled against the defendant the trial judge, Justice Nnamdi Dimgba held that the prosecution failed to prove it’s case beyond reasonable doubt against Omokore.