Jide Omokore is a businessman from

Kogi State Kogi State is a state in the North Central region of Nigeria, bordered to the west by the states of Ekiti and Kwara, to the north by the Federal Capital Territory, to the northeast by Nasarawa State, to the northwest by Niger State, to the ...

in the

Middle Belt The Middle Belt (also spelt Middle-Belt or Central Nigeria) is a term used in human geography to designate a belt region stretching across central Nigeria longitudinally and forming a transition zone between Northern and Southern Nigeria. It ...

region of

Nigeria Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of G ...

. Omokore has business interests that span oil trading and

exploration Exploration refers to the historical practice of discovering remote lands. It is studied by geographers and historians. Two major eras of exploration occurred in human history: one of convergence, and one of divergence. The first, covering most ...

, marine, haulage services, steel,

dredging Dredging is the excavation of material from a water environment. Possible reasons for dredging include improving existing water features; reshaping land and water features to alter drainage, navigability, and commercial use; constructing d ...

engineering and

property development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re- lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to othe ...

Background

Jide Omokore, who is of the Okun tribe from

Yorubaland Yorubaland () is the homeland and cultural region of the Yoruba people in West Africa. It spans the modern-day countries of Nigeria, Togo and Benin, and covers a total land area of 142,114 km2 or about 60% of the land area of Ghana. Of this ...

, hails from

Isanlu Isanlu is a town in Kogi State. It is the headquarters of Yagba East local government area of Kogi State in the south western part of Nigeria. The current Agbana of Isanlu is Ọbá Moses Babatunde Etombi. Culture Isanlu is the political, so ...

town, headquarters of

Yagba East Yagba East is a Local Government Area in Kogi State, Nigeria. Its headquarters is in the town of Isanlu on the A123 highway, and is populated mainly by the Okun people. It had an area of 1,396 km and a population of 140,150 during the 20 ...

Local Government Area of Kogi State, Nigeria. He lived most of his early adulthood in

Egbe Egbe Mekun, popularly called Egbe, is a historic town located in the Yagba West local government area of Kogi State, Nigeria, West Africa. History This town is an ancient town bordering Kogi and Kwara States. It is surrounded by some undulatin ...

in Kogi State.

Business career

Omokore plays entrepreneurial roles in key sectors of the Nigerian economy. He is involved in the upstream and downstream activities of the Nigerian oil and gas industry with the involvement of companies which he either founded or in which he has stakes. He is the chairman and founder of Energy Resources Group. According to ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

'', which profiled Omokore as one of "Ten Nigerian Multi-Millionaires You've Never Heard Of", Energy Resources Group is "one of Nigeria's largest privately-held conglomerates. ERG has interests in oil trading and exploration, haulage services, steel, dredging engineering and property development." The group's annual revenue, as at the time of the ''Forbes'' report, was estimated to have exceeded $400 million. Energy Resources Group is a conglomerate which comprises SPOG Petrchemicals Limited, Energy Resources Management Limited, Energy Property Nigeria Limited, Innovative Haulage Limited, Expedia Marine Ltd and Restore Engineering Limited. Omokore also functions as chairman of Atlantic Energy Drilling Concept Nigeria Limited, a private upstream oil and gas company, with an increased focus on under-developed producing fields in Nigeria. In partnership with the Nigerian Petroleum Development Company (NPDC), Atlantic Energy focuses mainly on

Niger Delta The Niger Delta is the delta of the Niger River sitting directly on the Gulf of Guinea on the Atlantic Ocean in Nigeria. It is located within nine coastal southern Nigerian states, which include: all six states from the South South geopoliti ...

assets, contracted and executed under Strategic Alliance Agreements (SAAs) with the NPDC.

Other interests

Omokore is a

philanthropist Philanthropy is a form of altruism that consists of "private initiatives, for the Public good (economics), public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private goo ...

and chieftain of the People’s Democratic Party (PDP). He donated fifty million naira (N50,000,000; $250,000) to the government of his home state, Kogi, as aid to victims who suffered damages during the 2012 Nigeria floods. During the launch of the Kogi State Security Trust Fund in August 2014, Omokore donated the sum of N25,000,000 (over $125,000) in an effort to assist the government in its bid to stem the rising rate of crime in the state.

Controversies

Omokore, co businessman Kola Aluko and former Nigeria Petroleum Minister

Diezani Alison-Madueke Diezani K. Alison-Madueke (born 6 December 1960) is a Nigerian politician and the first female President of OPEC. She was elected at the 166th OPEC Ordinary meeting in Vienna on 27 November 2014. She became Nigeria's minister of transportation o ...

are currently being investigated for a series of multi-billion dollar fraud and money laundering offences in Nigeria, the United Kingdom and America.

References

{{DEFAULTSORT:omokore, Jide Living people Yoruba businesspeople 21st-century Nigerian businesspeople Businesspeople from Kogi State Members of the Peoples Democratic Party (Nigeria) Nigerian philanthropists Yoruba philanthropists Year of birth missing (living people)