The Economic and Financial Crimes Commission (EFCC) has recovered over ₦38.66 billion in cash and assets as part of an active investigation into the alleged diversion of funds earmarked for the rehabilitation of Nigeria’s state-owned refineries. The total recovery comprises ₦9.4 billion, $21.2 million (roughly ₦29.26 billion at the official exchange rate of ₦1,380 to the dollar), and various landed properties linked to the individuals under investigation.....KINDLY READ THE FULL STORY HERE▶

• Admiration for Trump’s Integrity: Pastor Adeboye stated that he admires President Trump’s tendency to keep his promises, describing him as a politician who tells the truth and acts on his stated intentions.

• Response to Alleged Bombing Threat: Recalling concerns from around November of last year, the cleric noted that he felt compelled to speak out publicly when he heard reports that President Trump was considering military action against Nigeria.

• Concern for Innocent Lives: Pastor Adeboye explained that he intervened because he believed that even a precise military strike would inevitably result in harm to innocent people.

• Call to Action: At that time, he publicly urged the Nigerian government to take immediate action to prevent such a scenario from unfolding.

• Clarification of Views: While expressing appreciation for the American leader’s professional consistency, the pastor clarified that his support for these specific qualities does not necessarily mean he agrees with all of President Trump’s methods.

The Economic and Financial Crimes Commission (EFCC) has recovered over ₦38.66 billion in cash and assets as part of an active investigation into the alleged diversion of funds earmarked for the rehabilitation of Nigeria’s state-owned refineries. The total recovery comprises ₦9.4 billion, $21.2 million (roughly ₦29.26 billion at the official exchange rate of ₦1,380 to the dollar), and various landed properties linked to the individuals under investigation.....KINDLY READ THE FULL STORY HERE▶

• The probe focuses on approximately $2.79 billion released between 2021 and 2023 for maintenance work on refineries in Port Harcourt, Warri, and Kaduna.

• Allegations include money laundering, procurement fraud, economic sabotage, criminal conspiracy, and abuse of office.

• The Federal Government had committed significant funds to these projects—$1.56 billion for Port Harcourt, $740.7 million for Kaduna, and $492.3 million for Warri—yet investigators found minimal evidence of actual operational improvements.

• Officials from the Nigerian National Petroleum Company Limited (NNPCL), its subsidiary, refinery managing directors, and major contractors like Daewoo Engineering Nigeria Limited and Tecnimont SPA are currently under scrutiny.

Enforcement Actions and Key Individuals

• The EFCC has interrogated over 30 senior NNPCL officials and more than 50 representatives from contracting and subcontracting firms.

• Last year, the commission arrested several high-ranking officials, including Umar Isa, Tunde Bakare, Ahmed Adamu Dikko, and Ibrahim Onoja.

• Former Port Harcourt Refinery Managing Director Ahmed Dikko is accused of bypassing contractual procedures; authorities have traced ₦983.9 million, $227,030, and three landed properties to him, all of which are subject to an interim forfeiture order.

• Senior official Jimoh Yisawu is accused of approving inflated invoices and payments to unqualified third-party contractors, resulting in losses exceeding $10 million and nearly ₦8 billion.

• Investigations traced over ₦1.4 billion and four landed properties to Yisawu, which have also been placed under interim forfeiture while prosecutors prepare formal charges.

Argentine footballer Lucas Trejo has suffered an unimaginable personal tragedy after his wife, Yanina, and their two young children, Aarón and Ainhoa, were confirmed dead following a devastating earthquake disaster in Venezuela.....KINDLY READ THE FULL STORY HERE▶