Home News $3bn Refinery Scandal: EFCC Arrests Sacked MDs, N80bn Found in One’s Accounts
News

$3bn Refinery Scandal: EFCC Arrests Sacked MDs, N80bn Found in One’s Accounts

Share
EFCC to Probe Kwankwanso, Fayose, Odili, Sylva, 9 Other Ex-Govs For N853.8bn Fraud
Share
  • EFCC arrests sacked MDs and top officials of Nigeria’s state-owned refineries over alleged $3bn fraud.

  • N80bn was found in one of the sacked MD’s bank accounts, according to NNPCL sources.

  • The investigation covers billions of dollars released for refinery rehabilitation.

The Economic and Financial Crimes Commission (EFCC) has arrested the recently sacked managing directors and top officials of Nigeria’s state-owned refineries over alleged mismanagement of funds earmarked for rehabilitation.

The total amount under investigation is $2,956,872,622.36.

According to sources, the EFCC is probing the sum 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 refinery.

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

READ ALSO: E-Money Urges Nigerians to Stop Spraying Cash at Parties, Cites EFCC Warning

“We are investigating the money that was released for the rehabilitation of all three refineries—money disbursed in recent times. All the principal officers within that time frame are being invited,” an EFCC source said.

NNPCL sources revealed that N80bn was found in one of the sacked MD’s bank accounts. “Large amounts have been discovered in his accounts. About N80bn has so far been discovered in his various accounts. The way things are going, it may be bigger than Emefielegate,” the official stated.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
JAMB UTME Hacked: DSS, Police Arrest Over 20 in Coordinated Cybercrime Crackdown | Daily Report Nigeria
News

JAMB UTME Hacked: DSS, Police Arrest Over 20 in Coordinated Cybercrime Crackdown

In a major crackdown, the DSS and Nigerian Police have arrested over...

Facebook Deactivates Omoyele Sowore’s Account After Criticism of Peter Obi | Daily Report Nigeria
News

Facebook Deactivates Omoyele Sowore’s Account After Criticism of Peter Obi

Meta, the parent company of Facebook, has deactivated the account of Nigerian...

Defect or Resign, Gov Umo Eno Tells Cabinet Ahead of APC Switch | Daily Report Nigeria
News

Defect or Resign, Gov Umo Eno Tells Cabinet Ahead of APC Switch

Akwa Ibom State Governor, Pastor Umo Eno, has told all political appointees...

NNPC Empowers 531 NYSC Members with Grants, Business Starter Packs | Daily Report Nigeria
News

NNPC Empowers 531 NYSC Members with Grants, Business Starter Packs

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has empowered 531 NYSC...

5win
RocketplayRocketplay casinoCasibom GirişJojobet GirişCasibom Giriş GüncelCasibom Giriş AdresiCandySpinzDafabet AppJeetwinRedbet SverigeViggoslotsCrazyBuzzer casinoCasibomJettbetKmsauto DownloadKmspico ActivatorSweet BonanzaCrazy TimeCrazy Time AppPlinko AppSugar rush