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Atlantic Energy

FBN Holdings increases earnings to N294.2bn in H1 2019

Motolani Oseni FBN Holdings Plc (FBN) has reported gross earnings of N294.2 billion for the six months ended 30 June 2019. The Holdings in its unaudited results for the half-year, which was released yesterday increased its earnings by 0.3 per cent year-on-year (y-o-y), compared to N293.3 billion recorded in June 2018. The financial statement further […]

Day of reckoning under way: Court okays EFCC’s bid to prosecute Diezani, Omokore

Diezani

…Fixes Feb 5 for arraignment of ex- Petroleum Minister …Ex-Kebbi Gov, Dakingari, others for arraignment on Dec 6 over N450m fraud The day of reckoning appears to have beaconed on former Minister of Petroleum Resources Mrs. Diezani Alison-Madueke, as the Federal Capital Territory, High Court, on Monday, granted an approval to the Economic and Financial […]

$1.6bn oil fraud: How Omokore used my company to purchase cars for friends and associates-witness

Mr. Olutaye Ayeni, the 7th prosecution witness in the ongoing trial of Jide Omokore, an ally of former minister of Petroleum Resources, Diezani Allison-Madueke on Thursday gave a vivid account of how Omokore used his company (Atlantic Energy) to purchase cars for friends and associates. The witness, a Chief Executive Officer, Skymit Motors who was […]