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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

Police Arrest 32 Suspected Bandits in Kwara Forest Crackdowns

the operation targeted criminal hideouts in forest areas around Awi, Kaiama, Patigi, and Babanla, where the suspects were allegedly involved in kidnapping, cattle rustling, and other violent crimes

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Photo: IGP Tunji Disu

The Kwara State Police Command has arrested thirty two suspected bandits during intelligence-led operations targeting criminal networks operating in forest corridors across the state.

The police said that two of those arrested are foreign nationals from Niger Republic who are suspected to have collaborated with local bandits in cross-border criminal activities.

The Police Public Relations Officer, SP Adetoun Ejire-Adeyemi, disclosed that the suspects were apprehended during coordinated raids carried out by operatives of the Kwara State Police Command and detectives of the Intelligence Response Team.

The police assures that the suspects will be thoroughly investigated and prosecuted.

She explained that the operation targeted criminal hideouts in forest areas around Awi, Kaiama, Patigi, and Babanla, where the suspects were allegedly involved in kidnapping, cattle rustling, and other violent crimes.

Meanwhile, the Inspector-General of Police, Olatunji Rilwan Disu, during an operational visit to Kaiama, commended officers of the command and the Intelligence Response Team for what he described as a successful operation against forest-based criminal gangs.

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Crime

JUST IN: DSS Arrests Notorious ESN Commander, Suspected IPOB Member (Photos)

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Operatives of the Department of State Services (DSS) on Friday 6, at Eha-Amufu and Umuhu in Isi-Uzo Local Government Area, Enugu State, arrested a suspected notorious Eastern Security Network (ESN) commander, Sabastine Odo Odam, and Ejike Daniel, a suspected member of the Indigenous People of Biafra (IPOB).

Security sources revealed that the arrest followed months of sustained intelligence gathering on activities of the suspects.

The arrests came on the heels of series of violent attacks on police stations and killings between 2024 and 2026, all in Isi-Uzo LGA.

“Both men have confessed to being masterminds of a chain of attacks on police stations and carting away of weapons. The attacks include the February 26 killing of 11 labourers, and that of five policeman between December 24, 2025 and January 26, 2026.

“The arrests represent a major success for the DSS in the fight against insecurity in the southeast and country at large,” remarked the source.

Residents of Isi-Uzo LGA expressed excitement as news of the arrests filtered in. Many noted that the arrests will restore some peace to the affected communities.

Both suspects are currently in the custody of the DSS and awaiting arraignment in court, the source added.

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Crime

JUST IN: Court Acquits Suspended DCP Abba Kyari in NDLEA Non-Declaration of Assets Charge

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A Federal High Court in Abuja has discharged and acquitted suspended Deputy Commissioner of Police (DCP) Abba Kyari of a 23-count charge alleging non-declaration of assets, brought by the National Drug Law Enforcement Agency (NDLEA).

In a judgment delivered on Thursday, March 5, 2026, Justice James Omotosho ruled that the prosecution failed to establish its case beyond reasonable doubt against Kyari and his co-defendants, including his two brothers.

The judge held that the NDLEA did not provide sufficient evidence to prove that the disputed properties allegedly linked to Kyari belonged to him or that he failed to declare them. He described aspects of the case as unsubstantiated and lacking credible proof.

This acquittal pertains specifically to the asset declaration and related allegations. Kyari continues to face separate ongoing charges, including those related to drug trafficking matters.

Kyari, once celebrated as a top police investigator, has been suspended amid multiple legal battles. The ruling marks a significant development in one of his high-profile cases.

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