A federal high court in Abuja has acquitted and discharged Jide Omokore, chairman of Atlantic Energy Drilling Concepts Nigeria Limited, of fraud allegations.
Omokore was arraigned by the Economic and Financial Crimes Commission (EFCC) alongside Victor Briggs, Abiye Membere, and David Mbanefo on a 15-count charge on July 4, 2016.
They were accused of fraudulently diverting about $1.6bn alleged to be part of proceeds of sales of petroleum products belonging to the federal government.
