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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

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BREAKING: 20 suspects arrested over hacking of 2025 UTME results

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The Department of State Services, DSS, and the Nigerian Police Force, have arrested at least 20 suspects over hacking of the 2025 computer-based test, CBT, Unified Tertiary Matriculation Examination, UTME.

The 2025 UTME was conducted by the Joint Admissions and Matriculation Board, JAMB.

According to reports, the suspects are part of a syndicate believed to have over 100 persons who specialise in hacking of the computer servers of examination bodies like JAMB and the National Examinations Council, NECO.

The report also confirmed that the suspects have confessed to sabotaging the CBT system in order to discredit JAMB and discourage students from using CBT for future examinations to be conducted by NECO and the West African Examination Council, WAEC.

“The syndicate would install an attacking software on the examination body hardware. The software, in turn, would remotely hack JAMB servers at any targeted CBT centre,” the source quoted one of the suspect as confessing.

The entire hacking process was to influence high scores for special candidates who paid between N700,000 and N2 million.

The report further added that preliminary investigations revealed that several members of the syndicate own private schools and colleges, and make huge sums of money from their special centres.

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JUST IN: IGP condemns unprovoked attack on IRT operatives in Edo State

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….Orders Investigation into Oyo Tragic Traffic Incident‎‎

The Inspector General of Police, IGP, Kayode Egbetokun has condemned the recent unprovoked attacks on police operatives in the early hours of Monday, 20th May 2025, at Okhuimwun Community in Ovia North-East Local Government Area of Edo State.‎‎

In a press statement made available to Ohibaba.com, and signed by ACP Olumuyiwa Adejobi, ‎Force public relations officer, ‎at the Force Headquarters in Abuja, ‎on the 21st May, 2025, the IGP also condemned the alleged killing of an SSCE student by police personnel in Ibadan.

The statement reads: “The Nigeria Police Force strongly condemns the unprovoked attack on police operatives in the early hours of Monday, 20th May 2025, at Okhuimwun Community in Ovia North-East Local Government Area of Edo State.

‎‎The operatives, who are members of the Force Intelligence Department – Intelligence Response Team (FID-IRT), were in transit from Lagos through Edo State when they encountered a mob that had blocked the road immediately after the University of Benin (UNIBEN) axis.

The mob, in an unlawful display of aggression, descended on the officers with stones, sticks, and other dangerous objects, inflicting serious injuries on two police personnel.

‎‎It is noteworthy that despite the provocation and threat to life, the officers exercised commendable restraint by not resorting to the use of force.

The injured officers are currently receiving medical attention and are in stable condition.

‎‎The Nigeria Police Force warns against acts of lawlessness and unprovoked aggression against its personnel who are committed to maintaining law and order and hereby assure the public that investigations have commenced, and appropriate legal actions will be taken against those found culpable.

‎‎In a separate development, the Inspector-General of Police has ordered a comprehensive investigation into a tragic incident in Oyo State involving personnel of the Oyo State Police Command and the Oyo State Traffic Management Authority (OYTMA), which led to the unfortunate demise of a 14-year-old boy, Kehinde Alade.‎‎

The Inspector-General of Police condemned the incident and assured that the officer involved in the shooting has been taken into custody while a full-scale investigation is underway.

He equally reiterated that the process will be transparent, and its findings will be made public to ensure justice is duly served as he expressed heartfelt condolences to the family of the deceased young man.

‎‎The Nigeria Police Force reiterates its commitment to the protection of lives and property and urges citizens to remain law-abiding and to channel grievances through lawful and peaceful means.‎‎‎

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JUST IN: ICPC uncovers account used for six-week degree scam

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has uncovered a bank account operated by a foreign national allegedly used to collect payments from Nigerians seeking to obtain a questionable six-week bachelor’s degree abroad.

The discovery was announced by ICPC Chairman, Dr. Musa Adamu Aliyu, during a stakeholders’ advocacy event on asset tracing, recovery and management held Tuesday in Abuja.

The event was organised by the Centre for Fiscal Transparency and Public Integrity (CeFTPI), with support from the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA).

“Within some weeks, we were able to discover that a foreigner opened an account in Nigeria while Nigerian students were paying money into the account to obtain that six-week degree,” Aliyu revealed.

“We were able to track the account and obtain a civil forfeiture order. We have been trying to ensure that the culprits are brought to book, especially those that are beyond our shores.”

He called for greater synergy among anti-corruption agencies to ensure that perpetrators of financial crimes are not allowed to enjoy the proceeds of their actions.

Also at the event, Chairman of the Code of Conduct Bureau (CCB), Dr. Abdullahi Bello, disclosed that an ongoing audit of over 10,000 public servants’ asset declarations has revealed that about 20 percent of them are false.

On a broader continental scale, the Director-General of GIABA, Edwin Harris, lamented the growing trend of illicit financial flows out of Africa.

Citing a report by former South African President Thabo Mbeki under the auspices of the UN Economic Commission for Africa, Harris noted that while $50 billion was previously estimated to be lost annually, the current figure now stands between $88 billion and $94 billion.

CeFTPI Executive Director, Umar Yakubu, said the event brought together key stakeholders from anti-graft institutions, civil society, the judiciary and international partners to develop innovative mechanisms for transparency, citizen engagement and accountability in asset recovery efforts.

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