03
May
May
EFCC ARRESTS FORMER REFINERY BOSSES OVER $2.96 BILLION SCAM
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CapitalTimesNews / 3 weeks
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- 1 min read
The Economic and Financial Crimes Commission (EFCC) has arrested former managing directors and senior officials of Nigeria’s three major state-owned refineries over the alleged mismanagement of $2.96 billion earmarked for refinery rehabilitation projects. The arrested officials include former Port Harcourt Refining Company MD Ibrahim Onoja and Warri Refinery’s Efifia Chu. According to sources within the EFCC, the officials are being investigated for their roles in the alleged diversion and misappropriation of funds allocated for the turnaround maintenance of the refineries. The EFCC has also uncovered a staggering N80 billion in multiple bank accounts belonging to one of the recently sacked managing directors of the NNPCL refineries. The discovery was part of an ongoing investigation into the alleged misappropriation of $2.96 billion for refinery rehabilitation. Attempts to reach NNPCL for comments were unsuccessful, as calls to Chief Communications Officer Oluremi Soneye’s mobile phone were not answered, and text messages were not acknowledged. The EFCC’s investigation is ongoing, and the commission is expected to provide further updates on the matter. The arrests and discovery of the large sum of money have raised questions about the management of funds in the refinery sector and the extent of corruption within the industry.