Alleged Money Laundering: EFCC arraigns ex-Port Harcourt, Warri refinery Managing Directors

The Economic and Financial Crimes Commission, EFCC, has arraigned 2 erstwhile Managing Directors of Nigeria’s-owned Port Harcourt and Warri refineries implicit alleged wealth laundering linked to refinery rehabilitation funds.

The EFCC filed charges against the contiguous past Managing Directors; Ahmed Adamu Dikko, and Jimoh Yisawu, implicit the alleged diversion and laundering of funds meant for refinery attraction and rehabilitation earlier the High Court of the Federal Capital Territory, Abuja.

According to the suit, Dikko is facing a 12-count charge, portion Yisawu is facing an eight-count charge.

The anti-graft bureau alleged that some of them abused their positions by allegedly receiving funds from contractors handling refinery rehabilitation projects, concealing suspicious payments, and carrying retired ample currency transactions extracurricular fiscal institutions successful breach of Nigeria’s anti-money laundering laws.

The Commission precocious recovered implicit N9.4 billion, $21.2 million, and respective landed properties linked to the ongoing probe into refinery rehabilitation funds, noting that the lawsuit is 1 of the biggest corruption investigations involving the country’s lipid assemblage successful caller years...