Headlines
Court jails two persons in $1.6b money laundering trial of Omokore and Others

According to the trial judge, public officials must act at arm’s length with private individuals, especially those that have business relations with their Departments or Agencies.
The court however ordered that the fourth and fifth defendants should be kept in the custody of the EFCC pending their sentencing on Wednesday.
Surprisingly, the court acquitted three other defendants, Olajide Omokore and two companies linked to him, Atlantic Energy Brass Limited and Atlantic Energy Drilling Concept Limited, purveyors of the car gifts for which the 4th and 5th defendants were convicted, on the grounds the EFCC failed to prove its case against them.
How the receiver of a gift will be guilty of an offence while the giver is allowed to go home is the key puzzle of this judgment more so as the first defendant, Omokore, is also on the charge for which the 4th and 5th defendants were convicted.
Consequently, ahead of the sentencing of the 4th and 5th defendants on Wednesday, the EFCC will approach the Court of Appeal to set aside the acquittal of Omokore and the two companies linked to him.
Omokore, two of his companies, Atlantic Energy Brass Limited and Atlantic Energy Drilling Concept Limited, as well as Victor Briggs, former managing director, Nigeria Petroleum Development Company, NPDC and Membere Abiye were prosecuted by the EFCC for alleged oil fraud to the tune of $1.6billion.
Specifically, Omokore was alleged to have used the Strategic Alliance Agreement signed between the NPDC and Atlantic Energy Drilling Concept Limited to swindle the NPDC and the Nigerian government of monies running into billions of dollars through the lifting of crude oil from some oil wells between March 2013 and May 2014.
The other defendants who were senior management staff of the NNPC were accused of conspiracy in inducing the NPDC to facilitate the lifting of crude by Omokore, Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concept Limited; and receiving car gifts from Omokore, Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concept Limited.
Headlines
Aftermath of Adeyanju’s exit, crisis resurfaces in MWUN

Headlines
NIMASA embarks on digital revolution to plug revenue leakages, enhance optimum operations

— spurns smear campaign against the process
“To set the records straight, following a comprehensive internal review of operational systems, the current leadership of NIMASA resolved to embrace technology as a means of enhancing the Agency’s capacity to deliver on its regulatory mandate more effectively and to bring into the coffers of government additional revenue ensure funds due government does not end up in private hands.
“A pivotal innovation in this regard is the Maritime Enhanced Monitoring System (MEMS).
“The additional recipients targeted are, waste reception services, a routine operation for both domestic and international vessels have traditionally lacked proper tracking, resulting in unmonitored activities and significant revenue losses.
“Marine pollution control, another critical area of NIMASA’s mandate, has similarly been constrained by limited digital tools. In the absence of satellite tracking and automated reporting, pollution events often go unnoticed or are reported too late to mitigate their impact.
“It is important to emphasize that past revenue shortfalls experienced by the Agency mainly stemmed from outdated manual processes, fragmented data systems, and insufficient digital enforcement mechanisms which allowed some external elements to capitalize on the loopholes for personal gains .
“The current reforms being implemented by NIMASA are focused squarely on overcoming these limitations.
“The public is therefore advised to disregard the misleading reports and instead support NIMASA’s transformation journey as it aligns with the broader national objectives of the Ministry of Marine and Blue Economy under the Renewed Hope Agenda of President Bola Ahmed Tinubu
“The Agency remains committed to strengthening Nigeria’s maritime governance, ensuring environmental safety, and optimizing revenue for the nation.
“It is worthy of note that the Deep Blue Project of the Agency which now enjoys global recognition also witnessed such resistance at the initial stage” the agency noted.
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