Economic and Financial Crimes Commission (EFCC) has arrested two former top officials of the Nigerian National Petroleum Corporation Limited (NNPCL): Umar Isa, ex-Chief Financial Officer, and the former Managing Director of the Warri Refinery. The arrests are linked to an alleged $7.2 billion fraud related to the rehabilitation of the Kaduna, Warri, and Port Harcourt refineries. The total amount under investigation is $2,956,872,622.36. Specifically, the EFCC is probing the disbursement of $1,559,239,084.36 allocated to the Port Harcourt refinery, $740,669,600 released for the Kaduna refinery, and $656,963,938 approved for the Warri…
Read More‘$7.2 Bn Scandal,’ EFCC Arrests NNPC Ex-Finance Boss, Warri Refinery’s MD
