The Economic and Financial Crimes Commission has rearrested oil magnate, Jide Omokore, and will most likely slam money laundering charges on him today.

An official briefed on the matter said the businessman would be arraigned alongside Andrew Yakubu, a former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC who has also been picked up.

Other defendants in the case are Victor Briggs, Abiye Memnere, David Mbanefo, Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concepts Limited.