• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, August 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

JUST-IN: EFCC Arrests Ex-NNPCL Top Official Over Alleged $7.2bn Refinery Fraud

by Nafisat Abdulrahman
2 months ago
in News
EFCC
Share on WhatsAppShare on FacebookShare on XTelegram

The Economic and Financial Crimes Commission (EFCC) has arrested Umar Isa, a former Chief Financial Officer (CFO) of the Nigerian National Petroleum Company Limited (NNPCL), over an alleged $7.2 billion fraud connected to the rehabilitation of Nigeria’s ailing refineries.

Advertisement

According to Channels Television, sources within the anti-graft agency confirmed that Isa was picked up in Abuja following ongoing investigations into the controversial turnaround maintenance projects for the Kaduna, Warri, and Port Harcourt refineries. The projects, meant to restore operations at the state-owned facilities, have come under intense scrutiny after years of fund releases with little to no results.

Also arrested alongside Isa is Jimoh Olasunkanmi, a former Managing Director of the Warri Refinery. Both men are currently in EFCC custody as investigations widen.

EFCC operatives were also said to be interrogating other top former officials linked to the refineries’ failed maintenance projects. These include Tunde Bakare, current Managing Director of the Warri Refinery; Ahmed Dikko, a former MD of the Port Harcourt Refinery; and Ibrahim Onoja, another ex-MD of the same facility.

The EFCC investigation was focusing on alleged abuse of office, massive corruption, diversion of public funds, and kickbacks from contractors involved in the rehabilitation contracts.

RELATED

African Defence Chiefs Forge United Front Against Terrorism, Cyber Threats

African Defence Chiefs Forge United Front Against Terrorism, Cyber Threats

41 minutes ago
BBN S10: ‘That’s Me 100%,’ Gigi Jasmine Defends Frequent Teary Eyes

BBN S10: ‘That’s Me 100%,’ Gigi Jasmine Defends Frequent Teary Eyes

1 hour ago
ADVERTISEMENT

Isa, as CFO, was responsible for the disbursement of funds for the turnaround maintenance projects—funds that now appear to have vanished without any tangible impact on the facilities’ operational status.

Attempts to reach the EFCC spokesperson, Dele Oyewale, for official comments were unsuccessful at the time of filing this report.

Meanwhile, the Senate Committee on Public Accounts, chaired by Senator Aliyu Wadada, also raised concerns over financial irregularities in NNPCL’s books. Last week, the committee flagged what it described as “mind-boggling and worrisome discrepancies” in the company’s audited financial statements from 2017 to 2023.

ADVERTISEMENT

“The issues we discovered in NNPCL’s accounts are beyond alarming. We are talking about trillions of naira with no clear explanation,” Senator Wadada said during a recent hearing.

The Senate committee has since issued 11 audit queries to the NNPCL finance team and has given them one week ultimatum to respond with clarifications.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Economic and Financial Crimes Commission (EFCC)Umar Isa
SendShare10211Tweet6382Share
ADVERTISEMENT
Previous Post

‘God Saved Me From Tinubu Gov’t Disaster’, Again, El-Rufai Opens Up On Ministerial Rejection

Next Post

PDP Picks Chairmanship Candidates For 2026 FCT Area Council Polls

Nafisat Abdulrahman

Nafisat Abdulrahman

I am a dedicated reporter at Leadership Newspaper, where I bring a keen eye for detail and a passion for storytelling to a diverse range of topics, including business, sports, politics, and international affairs. My work aims to provide readers with accurate, timely, and engaging reports that break down the complexities of current events. From covering high-profile political shifts and court cases to exploring the latest in economic developments and sporting events, I strive to offer insightful and comprehensive coverage. My stories include in-depth analyses of economic trends, detailed political reports, and human interest pieces that highlight significant global and local events. I am committed to delivering news that informs and fosters a deeper understanding of the issues shaping our world. My goal is to engage readers with well-researched and thought-provoking content

You May Like

African Defence Chiefs Forge United Front Against Terrorism, Cyber Threats
News

African Defence Chiefs Forge United Front Against Terrorism, Cyber Threats

2025/08/27
BBN S10: ‘That’s Me 100%,’ Gigi Jasmine Defends Frequent Teary Eyes
Entertainment

BBN S10: ‘That’s Me 100%,’ Gigi Jasmine Defends Frequent Teary Eyes

2025/08/27
Tinubu Departs Abuja For Japan
News

Tinubu Departs Brazil En Route Abuja

2025/08/27
JUST-IN: Davido, Rema, Others Top As AFRIMA Releases 2025 Nominations List
Entertainment

JUST-IN: Davido, Rema, Others Top As AFRIMA Releases 2025 Nominations List

2025/08/27
Federal Gov’t Orders Shutdown Of Illegal Gold Mining Site In Gwagwalada
News

Federal Gov’t Orders Shutdown Of Illegal Gold Mining Site In Gwagwalada

2025/08/27
Missing Crude: CSOs Dismiss Whistleblower’s Claims, Allege Extortion Attempts
News

Niger Delta People Live On $2 Daily Despite $1trn Oil Revenue — INC

2025/08/27
Leadership Conference advertisement

LATEST

African Defence Chiefs Forge United Front Against Terrorism, Cyber Threats

BBN S10: ‘That’s Me 100%,’ Gigi Jasmine Defends Frequent Teary Eyes

Tinubu Departs Brazil En Route Abuja

Tennis Scoring System

JUST-IN: Davido, Rema, Others Top As AFRIMA Releases 2025 Nominations List

Federal Gov’t Orders Shutdown Of Illegal Gold Mining Site In Gwagwalada

Niger Delta People Live On $2 Daily Despite $1trn Oil Revenue — INC

BBNaija10: Dede, Kola Spark Intimacy Rumours After Late-night Moment

IGP Speaks On ‘Cattle Theft’ As Terrorism Financing At INTERPOL Conference

Reverse Abia’s New Tax Regime, It’s Stifling Businesses, Ikonne Tells Gov Otti

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.