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Akinwande Soji-Ojo
The US of Justice (DOJ) has announced the final resolution of two civil cases seeking the forfeiture of the luxury assets that were laundered in and through the country in a case involving former Minister of Petroleum Resources, Diezani Alison-Madueke and her associates.
Alison- Madueke’s associates who were named in the forfeiture case are Nigerian businessman, Kola Aluko, and Jide Omokore, chairman of Atlantic Energy Drilling Concepts Nigeria Limited.
The DOJ said the forfeited assets were the “proceeds of foreign corruption offenses.”
In a statement released on its website on Monday, the US Department of Justice disclosed that “roughly $53.1 million in cash, plus a promissory note with a principal value of $16 million have been recovered as part of proceeds of illicitly awarded contracts involving the trio — Diezeani, Aluko, and Omokore.
“According to court documents, from 2011 to 2015, Nigerian businessmen Kolawole Akanni Aluko and Olajide Omokore conspired with others to pay bribes to Nigeria’s former Minister for Petroleum Resources, Diezani Alison-Madueke, who oversaw Nigeria’s state-owned oil company.
“In return, Alison-Madueke used her influence to steer lucrative oil contracts to companies owned by Aluko and Omokore. The proceeds of those illicitly awarded contracts totaling more than $100 million were then laundered in and through the United States and used to purchase various assets through shell companies, including luxury real estate in California and New York as well as the Galactica Star, a 65-meter superyacht.
“The real estate was also used as collateral for loans to Aluko and shell companies he controlled. As part of the forfeiture process, those lien holders were paid,” the statement read.
Alison-Madueke was the Minister of Petroleum Eesources between 2010 and 2015 during the administration of former President Goodluck Jonathan.
She left the country shortly before Jonathan handed over to President Muhammadu Buhari in 2015.
The former minister is alleged to have stolen $2.5 billion from the Nigerian government while serving as a minister.
She has, however, denied the allegations, while the EFCC has since commenced a process to extradite her.
The Federal Government had gained forfeiture of Alison Madueke’s properties located in Banana Island Foreshore Estate, Ikoyi, Lagos, including 18 flats and six penthouses.
In the last few years, the trio of Alison-Madueke, Aluko and Omokore have been standing trial over alleged fraud in the procurement of oil contracts and money laundering in Nigeria and US.
The US government has in 2017 filed a suit to recover $144 million in assets that were purportedly acquired with proceeds from a shady scheme in Nigeria’s oil industry.
Aluko and Omokore were said to have paid bribes between 2011 and 2015 to Alison-Madueke in exchange for contracts.
She reportedly used her position to secure contracts for Aluko and Omokore’s shell companies through a subsidiary of the defunct Nigerian National Petroleum Corporation (NNPC).