The Economic and Financial Crimes Commission, EFCC, has arrested the co-chairman of the oil firm Atlantic Energy, Jide Omokore, for corruption and money laundering.

Reuters reports that the commission arrested Omokore for questioning as part of on-going investigations of corruption in the oil sector by the EFCC in collaborating with officials of the United Kingdom National Crime Agency, NCA.

Omokore is suspected to be a business associate of former Petroleum Minister Alison-Madueke and is believed to have used his companies to facilitate the siphoning of billions of naira in the nation’s oil industry contracts.

It is believed that he is currently being investigated over involvement in multi-billion dollar oil deals and kerosene scam that rocked the Nigerian National Petroleum Corporation, NNPC, when Diezani Alison-Madueke was minister.

It was learnt that the EFCC had taken over Omokore’s residence at no 9 Turnbull Street in Ikoyi as well as his office on Glover Street, also in Ikoyi on October 2 alongside the houses of the former oil minister.