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EFCC Charges Former Port Harcourt, Warri Refinery MDs with Money Laundering

Published

3 weeks ago

June 29, 2026

105 Views

Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has filed separate money laundering charges against the immediate past Managing Directors of the Port Harcourt Refining Company (PHRC) and the Warri Refining and Petrochemical Company (WRPC).

The accused are Ahmed Adamu Dikko, former MD of the Port Harcourt Refinery, and Jimoh Olasunkanmi Yisawu, former MD of the Warri Refinery. The charges stem from the alleged diversion and laundering of funds earmarked for the rehabilitation of Nigeria’s state-owned refineries.

According to court documents and investigations by PREMIUM TIMES, the EFCC accused the former officials of abusing their positions by receiving and laundering large sums of money through third parties in connection with controversial turnaround maintenance contracts.

The probe forms part of a broader investigation into alleged fraud involving billions of dollars linked to the rehabilitation of the Port Harcourt, Warri, and Kaduna refineries. EFCC sources have indicated that the total amount under scrutiny runs into billions, with earlier recoveries reported at ₦38.66 billion alongside other properties.

The charges include multiple counts of money laundering, with Dikko and Yisawu allegedly involved in diverting public funds meant for critical refinery upgrades. This comes amid ongoing scrutiny of officials from the Nigerian National Petroleum Company Limited (NNPCL) and contractors involved in the projects.

The development is the latest in a series of actions by the EFCC targeting alleged corruption in Nigeria’s oil sector, where massive investments in refinery rehabilitation have yielded limited operational improvements despite significant expenditures.

As of the time of filing, court proceedings for the arraignment of the former MDs were underway. The EFCC has not yet issued an official statement on the matter.

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BREAKING: ICPC grills Gbajabiamila over PFIPC scandal

According to Jiti Ogunye, Gbajabiamila’s counsel, the president’s chief of staff appeared at the ICPC headquarters on Monday, where he was questioned over the PFIPC controversy.

Published

6 hours ago

July 20, 2026

OCHEFA

19 Views

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has interrogated Femi Gbajabiamila, chief of staff to President Bola Tinubu, over his role in the emergence of the controversial Presidential Foreign Investment Promotion Council (PFIPC).

According to Jiti Ogunye, Gbajabiamila’s counsel, the president’s chief of staff appeared at the ICPC headquarters on Monday, where he was questioned over the PFIPC controversy.

Details soon

(The Cable)

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NBC Begins Training of Free -To- Air TV Installers

” We are doing it to ensure that they can properly track the NigComsat signal. We found out that installers are very critical to the success of the DSO project because we recently launched the DTH project. We are going DTT. We are going DTH. We are doing mobile App.”

Published

7 hours ago

July 20, 2026

OCHEFA

22 Views

•50 set-top box installers and technicians in Ibadan

The National Broadcasting Commission (NBC) has commenced nationwide capacity-building exercise to prepare installers for the rollout of the country’s renewed Digital Switchover (DSO) programme.

The Head of the DSO Unit and Deputy Director of Public Affairs at the Commission, Mrs. Clementine Usman-Wamba, announced the development during training of more than 50 set-top box installers and technicians in Ibadan, the Oyo State capital.

According to her, broadcasters would be shut out of analogue broadcasting transmission by 2028, hence the need for the training of installers that are professionals to assist in the process.

She said, “We are actually here in Ibadan to train installers specifically to be part of the Digital Switch Over process.We are doing it in conjunction with Nigeria Communication Satellite Limited, (NigComSat). It is a joint outreach that we are doing here today.”

She said that the installation of Free TV is to enable Nigerians to have access to many channels without subscription, noting that the NBC has embarked on the training of the installers of decoders and dishes nationwide for effective take off of the project.

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Authority blames Jigawa boat capsize on overloading, buried dead victims

The accident happened at about 1pm on Sunday when a canoe carrying between 30 and 40 passengers capsized while crossing the river

Published

8 hours ago

July 20, 2026

OCHEFA

21 Views

The Jigawa State Government has confirmed the recovery of six bodies following a boat mishap in Malamawar Yan Dutse community, Ringim Local Government Area of the state.

The State Commissioner for Special Duties and Humanitarian Affairs, Auwalu Sankara, confirmed the incident during a visit to the community.

Sankara said that the accident happened at about 1pm on Sunday when a canoe carrying between 30 and 40 passengers capsized while crossing the river.

He attributed the accident to overloading, saying the number of passengers exceeded the canoe’s capacity.

Search and rescue operations are still ongoing to locate the remaining missing passengers, while the recovered victims would be buried in accordance with Islamic rites.