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EFCC Launches Probe Into NNPCL Over Alleged $2.96bn Refinery Fraud

Saturday, 3 May 2025

The Economic and Financial Crimes Commission (EFCC) has begun probing several former officials of the Nigerian National Petroleum Company Limited (NNPCL), including ex-managing directors of the Port Harcourt, Warri, and Kaduna refineries.

The investigation concerns the alleged diversion of about $2.96 billion meant for refinery repairs.

A senior EFCC source confirmed on Saturday, “The investigation focuses on funds allocated for the short-term maintenance of the refineries, which have been plagued by long-standing operational challenges.”

READ MORE: https://www.informationng.com/2025/05/manual-collation-of-election-results-threatening-nigerias-democracy-atiku.html

The funds under scrutiny include $1.56 billion for the Port Harcourt refinery, $740 million for Kaduna, and $657 million for Warri.

Arrests have already been made, with former refinery chiefs Ibrahim Onoja and Efifia Chu in EFCC custody.

One of them has reportedly spent over a week in detention after suspiciously large funds were found in his accounts.

The EFCC also requested full financial records from NNPCL, including details of salaries and allowances.

The scandal is already drawing comparisons to the “Emefielegate” case, with public outrage growing over corruption in the oil sector.

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via: Information Nigeria

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