Jide Omokore owner of Atlantic Energy

The Economic and Financial Crimes Commission (EFCC) has released Jide Omokore on bail after questioning him over alleged corrupt practices in the nation’s oil sector.

Jide Omokore owner of Atlantic Energy, who is said to be a business associate of former Nigeria’s petroleum minister Diezani Alison-Madueke, was on Monday held at the EFCC head office in Abuja.

EFCC sources told Daily Trust on Tuesday that Omokore has been released on bail and expected to be available whenever needed by investigators at the anti-graft commission in what they say is still an ongoing investigation.

Daily Trust had Tuesday exclusively reported that Omokore was arrested and grilled for several hours at the EFCC head office over allegations of money laundering and conspiracy to siphon billions of naira in fraudulent oil industry contracts while Diezani Alison Madueke was minister.

Omokore allegedly used his companies to facilitate bogus oil swap deals that cost the country billions of naira.

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