Connect with us

Crime

Billions Recovered: EFCC Unearths Massive ₦38.66 Billion Haul In Explosive Refinery Fraud Probe.

Published

2 months ago

on

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.

Related Topics:
Advertisement

Crime

THE END OF THE ROAD! Dramatic Court Verdict Seals The Fate Of Two Die-Hard Cultists In Ogun!.

Published

5 days ago

on

August 19, 2026

By

An Ogun State Magistrate Court presided over by Magistrate O.L. Oke has sentenced two men, Moruf Okusanya (40) and Babatunde Gafar (33), to seven years in prison each without an option of a fine, following their conviction on a four-count charge.....KINDLY READ THE FULL STORY HERE▶

Case Background and Prosecution

The convicts were apprehended following a violent cult clash at the Ikenne Town Hall on October 23, 2023, which severely disrupted public peace and local activities.

Prosecuting officer ASP Olaide Rawlings established during the trial that Okusanya belonged to the Eiye Confraternity, while Gafar was affiliated with the Alora Confraternity, alongside other accomplices currently at large. Their actions violated several provisions of the Prohibition of Forcible Entry and Occupation of Landed Properties, Armed Robbery, Cultism, Kidnapping and Other Anti-Violent and Related Offences Law of Ogun State, 2016.

Finding the prosecution’s evidence credible and compelling beyond a reasonable doubt, Magistrate Oke delivered the sentence to serve as a strict deterrent against unlawful secret societies and violent disturbances in the state.

Continue Reading

Crime

THE NET CLOSES: Dangerous Fugitive Wanted For Murder Caught In Dramatic Police Swoop!.

Published

1 week ago

on

August 15, 2026

By

The Nigeria Police Force, operating via the INTERPOL National Central Bureau (NCB) in Abuja, successfully apprehended and repatriated Mahadijiria Abdoulaye, a Chadian national wanted by authorities in N’Djamena over the May 3, 2026, murder and torture of Nazik Mahamat Saleh                                                                                                                                                                                                                                                                                                                                                                          . Following an international arrest warrant issued on June 22, 2026, by the Court of Appeal in N’Djamena for Abdoulaye and her accomplice Fatime Senoussi Mouktar—alongside links to narcotics trafficking—the suspect fled to Nigeria. Intelligence-led operations tracked her down to Railway Quarters in Nasarawa Local Government Area, Kano State, where she was arrested on August 5, 2026. Under established bilateral frameworks and in collaboration with INTERPOL NCB N’Djamena, she was repatriated back to Chad via Lomé, Togo, on August 14, 2026, to face trial. Inspector-General of Police IGP Olatunji Disu lauded the operatives for their exemplary coordination, emphasizing the force’s resolve to dismantle trans-border criminal networks and prevent Nigeria from serving as a safe haven for international fugitives.....KINDLY READ THE FULL STORY HERE▶

Continue Reading

Crime

PAYING THE PRICE: EFCC Cracks Down Hard, Nails Middleman In ₦16 Million Laundering Storm!

Published

4 weeks ago

on

July 31, 2026

By

A Federal High Court in Ikoyi, Lagos, has sentenced Sunmonu Olasunkanmi Thaoban to four years in prison for laundering ₦16 million by disguising its illegal origins and converting it into a 2018 black G-Wagon Jeep.....KINDLY READ THE FULL STORY HERE▶

Court Sentences Man to Four Years for ₦16 Million Money Laundering, Forfeits G-Wagon

A Federal High Court in Ikoyi, Lagos, has sentenced Sunmonu Olasunkanmi Thaoban to four years in prison for laundering ₦16 million by disguising its illegal origins and converting it into a 2018 black G-Wagon Jeep.

Key Details of the Case

  • Guilty Plea & Sentencing: Justice Akintayo Aluko handed down the sentence on Thursday after Thaoban pleaded guilty to a two-count EFCC charge, alongside an alternative fine option of ₦1.8 million.

  • The Offense: Prosecutors stated that Thaoban acted as a middleman in 2023, funneling illicit funds to purchase the luxury vehicle, violating the Money Laundering (Prevention and Prohibition) Act, 2022.

  • Asset Forfeiture: In addition to the prison term, the judge ordered the permanent forfeiture of both the convict’s G-Wagon and mobile phone to the Federal Government.

Related BDC Convictions

In a separate proceeding, Justice Aluko also convicted four Bureau de Change (BDC) operators—Umar Muhammad Lamido, Yusuf Musa Yusuf, Abdulmuhimin Mahmud, and Muhammed Musa—for conducting unauthorized foreign exchange transactions outside the official market. Following their guilty pleas, each received a 12-month prison sentence with an option of a ₦100,000 fine.

Continue Reading

Trending