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Businessman, Jite Okoloko and Pal Tonye Cole Fight Dirty over 72 Billion Naira Sour Deal



If information reaching Justnews is anything to go by, the cordial relationship between Rivers state APC governorship candidate, Tonye Cole and his friend of many years, Chairman Notore Chemicals, Onajite Okolo, may have gone bad. This very disturbing situation, it was learnt, was borne out of a business deal introduced to the former by the latter which is said to have gone bad.

The former executive director of Sahara Energy who is counting his lucks to become the next governor of his state was approached by his friend, Jite Okoloko, Chairman of Eroton Exploration & Production Limited, to invest in a multi-million dollars oil deal years ago. Both are good friends and regularly hang out and support each other’s initiatives and ventures.’’

Tonye was said to have trusted OnaJite and invited his partners to support the project and sourced for capitals with the belief of striking gold at the end of the day

They allegedly invested over 200 million dollars in Eroton. Then, the waiting game began. Though he might not exactly have been playing games, Tonye, sources said, reckoned however that his prevarication and the multiple excuses he keeps spewing whenever the ‘investors’ were lucky to corner him had become rather unbecoming of a dear friend with a thriving oil and gas concern.

However, once one has got the money habit, it is extremely difficult to kick it; some are overwhelmed by the habit and some simply manage to tame the habit. The latter breed is constituted by such moneyed men like Jite. Very few people know that he has a weakness for the good life. In fact, one would have to get very close to him to know that he never dithers from acquiring the finest luxury money can buy. As you read, Jite, a smart dude and one of the many cronies of former Delta State Governor, James Ibori owns luxury properties in very expensive and exclusive neighbourhoods across New York and some states in the USA.


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