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$3bn refinery fraud: N80bn found in sacked MD’s bank accounts

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The Economic and Financial Crimes Commission has arrested the recently sacked managing directors and some top officials of the Port Harcourt Refining Company, Warri Refining and Petrochemical Company, and Kaduna Refining and Petrochemical Company.

The officials were arrested over alleged mismanagement of funds earmarked for the rehabilitation of the facilities. The total amount under investigation is $2,956,872,622.36.

Findings showed that 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.

The ex-Managing Director of Port Harcourt Refining Company Ltd is Mr Ibrahim Onoja, while Efifia Chu served as the ex-Managing Director of the Warri Refining and Petrochemical Company Ltd.

This came as impeccable top management sources at the Nigerian National Petroleum Company Limited revealed that N80bn was found in the account of one of the sacked MDs.

Also, operators and experts in the sector lambasted NNPCL for deceiving Nigerians regarding the operations of the refineries, particularly the Port Harcourt and Warri plants, following the poor output from the facilities since their resumption of operations in November and December 2024.

Dashed Hope

NNPCL manages the three refineries for Nigerians. The plants had remained dormant for decades, but the Port Harcourt and Warri refineries resumed operations in November and December 2024, respectively.

However, less than one month after the Warri refinery resumed operations, the plant was again shut down due to safety concerns.

The Port Harcourt refinery, on the other hand, has been operating below 40 per cent of its capacity since its widely celebrated revamp.

On Tuesday, The PUNCH exclusively reported that the new NNPCL management fired the managing directors of the three refineries under its purview.

Some other senior officials of the national oil firm were also asked to leave; among them was Bala Wunti, a former chief of the National Petroleum Investment Management Services, a subsidiary of the NNPCL.

The new management also asked many officials with one year to their various retirement dates to leave.

Source: PUNCH

Crime

Ebonyi: Gunmen Assasinate Another Traditional Ruler

The latest incident brings to five the number of traditional rulers killed in Ebonyi in recent times, deepening concerns over rising insecurity and targeted attacks on community leaders.

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Gunmen have assassinated another traditional ruler in Ebonyi State, in what residents describe as a brazen and targeted attacks.

The victim, HRH Eze Jehoshaphat Ikegwu of Ishinkwor community in Onicha Local Government Area, was reportedly shot dead at his private residence after the assailants gained access under the cover of darkness.

Eyewitnesses said that the attackers fired through a window before forcing their way into the building, and killed the monarch in his bedroom in the presence of his wife.

The Chairman of Onicha LGA, Ikechukwu Ogbofia, has condemned the killing as barbaric, confirming that security agencies have launched an investigation.

Police spokesman, SP Joshua Ukandu, also said that the command has commenced a full probe.

The latest incident brings to five the number of traditional rulers killed in Ebonyi in recent times, deepening concerns over rising insecurity and targeted attacks on community leaders.

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Crime

Tinubu Briefed on Jos Attack, Approves Extra Security – Mutfwang

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President Bola Ahmed Tinubu has received a detailed briefing on the recent deadly attack in Jos, Plateau State, and approved additional security measures to restore lasting peace in the affected areas.

Governor Caleb Mutfwang of Plateau State disclosed this after meeting with President Tinubu at the Presidential Villa in Abuja on Wednesday.

The governor described the Palm Sunday attack in Angwan Rukuba, Jos North, which claimed over a dozen lives and left many injured, as “an act of terrorism.”

He said security forces have since restored calm following fresh disturbances involving looters on Wednesday morning.

“Additional security measures have been approved by the President in conjunction with state security architecture, while investigations continue to unravel the identities and motives of the attackers, who are yet to be fully apprehended,” Governor Mutfwang stated.

The governor also revealed that President Tinubu may visit Plateau State soon to commiserate with victims and affected families.

The meeting followed President Tinubu’s earlier high-level session with top security and intelligence chiefs to review the situation and chart a coordinated response to the violence.

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Crime

El-Rufai Arrives Kaduna Court For Bail Hearing

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Former Kaduna State Governor, Nasir Ahmad El-Rufai, on Wednesday arrived at the Federal High Court in Kaduna for the hearing of his bail application in an ongoing alleged corruption trial.

The court premises witnessed a heavy security presence, with operatives of the Department of State Services (DSS) and other security agencies deployed to maintain order and control access to the facility.

Movement around parts of the court complex is restricted, reflecting heightened public interest and sensitivity surrounding the case.

El-Rufai, who has been in custody of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), is facing multiple charges, including allegations bordering on money laundering, possession of public property, and related offences.

More details later…

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