The Economic and Financial Crimes Commission (EFCC) has arrested a former chief financial officer (CFO) of the Nigerian National Petroleum Company Limited (NNPCL), Umar Isa, over an alleged £7.2 billion fraud linked to the rehabilitation of the Kaduna, Warri, and Port Harcourt refineries.
Isa was responsible for the release of funds for the turnaround maintenance of the three refineries during his tenure as CFO.
It has also been reported that Isa, along with all the key officials involved in the maintenance of the refineries and other significant NNPC projects, is being investigated for alleged abuse of office, corruption, diversion of funds, and kickbacks from contractors.
Other officials implicated include the Managing Director of the Warri Refinery, Tunde Bakare; a former Managing Director of the Port Harcourt Refinery, Ahmed Dikko; and another former Managing Director of the Port Harcourt Refinery, Ibrahim Onoja.
Also in the custody of the EFCC is Jimoh Olasunkanmi, a former managing director of the Warri Refinery.
The EFCC’s spokesperson, Dele Oyewale, could not be reached for comment.
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