U.S. recovers over $53M fraud proceeds involving Alison-Madueke, Aluko, Omokore

The U.S. Department of Justice announced Monday the final resolution of two civil cases seeking the forfeiture of various luxury assets that were the proceeds of foreign corruption offences and were laundered in and through the United States. Former Minister of Petroleum Resources, Diezani Alison-Madueke and businessmen Olajide Omokore and Kolawole Akanni were named in the cases.

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. 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 Mr Aluko and shell companies he controlled. As part of the forfeiture process, those lien holders were paid.

Mrs Alison-Madueke has not been seen in Nigeria since the end of her ministerial tenure on May 29, 2015. She is believed to be in exile in the United Kingdom. Mr Aluko has also remained at large. Mr Omokore is the only one of the trio who has been physically present in Nigeria to attend trials.The American cases involving Mrs Alison-Madueke, Mr Omokore and Mr Aluko were brought under the Kleptocracy Asset Recovery Initiative.

Source: News Formal (newsformal.com)

Role model for PDP and LP(PDP lite)

Where is Bala Blu? We don't want distractions at this time.

Obidients where are though

Where this money deh now ?

Nigerians are going through mental torture now by this present administration yet they're planning to hang on to power, hope Nigeria will not be dichotomize👁️👁️

The whole money recovered from Abacha loots by this present administration wat did they do with it, they said it's in foreign reserves account, who is with d key to dat account, pls Nigeria is a corrupt nation don't add to it,telling people Money been looted yet they're suffering

Igbo people and fraud sha

Lmao!!! Premium Times so quick to mention this, but so afraid to mention Yakubu Mahmoods 850m fraud case gone cold, so afraid to report Tinubus drug case and forfeiture, and by the way what about Deborahs murderers; where are they and what are their names....very u$£less media!

If this woman looted this much during gej's admin, then people like sexy Sadiq go don be multi bullion dollar mogul

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