Embattled Jide Omokore ‘Reportedly’ Risks Losing Oil Well To Skye Bank

Jide Omokore, one of the business executives indicted in the US investigation of former petroleum minister Diezani Alison-Madueke is allegedly at the verge of losing some of his oil wells to the management of Skye Bank Plc.According to The Cable, the bank’s management seeks to claim the oil wells to offset the N110bn Omokore is indebted to it. This was disclosed in a letter the bank addressed to Acting President Yemi Osinbajo.
In the letter addressed to Osinbajo, the bank asked for assistance “for the extrication of the real estate assets that were fully funded with loans from the bank from the assets of Omokore presently under the forfeiture order from the court.” If this request, alongside that for the control of the oil assets, is granted, the bank would have access to assets which were used as in the loans given to Omokore’s firms.