Mele Kyari reveals what happened as N80bn is found in former MD's account

• The Economic and Financial Crimes Commission has reportedly arrested the sacked managing directors of Nigeria’s refineries
• The apical officials were arrested implicit the purported mishandling of rehabilitation funds meant for the refineries
• However, the erstwhile NNPC Group Managing Director, Mele Kyari, has debunked reports of an apprehension by the NNPC

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

The Economic and Financial Crimes Commission has allegedly arrested the sacked managing directors and immoderate officials of the Port Harcourt, Warri and Kaduna Refineries.

The officials were arrested implicit the alleged misappropriation of rehabilitation funds meant for the 3 plants.

Former NNPC GCEO, Mele Kyari denies apprehension by the EFCC. Credit: Bloomberg/Contributor
Source: UGC

EFCC allegedly investigates N3bn refinery funds

According to reports, astir $3 cardinal is nether probe by the anti-graft agency.

The probe allegedly showed that the EFCC is probing $1.559 cardinal allocated to the Port Harcourt refinery, $740,669 cardinal released for the Kaduna refinery, and $656,963 cardinal for the Warri Refinery.

The Punch reporting says that Ibrahim Onoja served arsenic the erstwhile MD of the Port Harcourt refinery, portion Efifia was the MD of the Warri plant.

N80 cardinal reportedly recovered successful an MD’s account

The study quoted apical absorption sources astatine the Nigerian National Petroleum Company Limited (NNPC) arsenic saying that astir N80 cardinal was seen successful accounts belonging to 1 of the sacked MDs.

Additionally, operators and experts berated the authorities lipid steadfast for deceiving Nigerians regarding the refineries’ operations, particularly the Port Harcourt and Warri facilities, owed to the mediocre accumulation of petroleum products from the plants since they resumed operations successful November and December past year.

The nationalist lipid institution operates the 3 refineries. However, they person remained moribund for decades, but the Port Harcourt and Warri refineries began operations little than 8 months ago.

Nigerians decry mediocre refineries’ operations

After operating for conscionable nether 1 month, the Warri refinery unopen down implicit information issues.

Meanwhile, the Port Harcourt refinery is reportedly operating beneath 40% capableness since it resumed operations successful November past year.

Changes astatine NNPC

Legit.ng earlier reported that the caller NNPC absorption sacked the managing directors of the 3 refineries.

Other sacked NNPC staffers see Bala Wunti, an ex-chief of the National Petroleum Investment Management Service, an limb of the lipid firm.

The caller management, led by Bayo Ojulari, besides sacked galore officials with 1 twelvemonth near to their status dates.

Kyari denies EFCC arrest

Meanwhile, the erstwhile NNPC Group Managing Director, Mele Kyari, has debunked reports of an apprehension by the EFCC.

In a connection connected his X handle, Kyari said helium was ne'er arrested by the EFCC, calling the study a mischief and falsehood.

Nigerians berate NNPC for the mediocre absorption of Nigeria refineries. Credit: NNPC
Source: Twitter

He said helium is connected permission aft the NNPCL’s committee dissolution.

He said:

“The communicative is simply a wide lawsuit of mischief and calculated falsehood. I americium presently taking a well-deserved remainder aft the dissolution of the NNPCL committee and management.”

According to the erstwhile NNPC boss, helium was appreciative of erstwhile President Muhammadu Buhari and President Bola Tinubu for the accidental to service successful the company’s apical presumption arsenic its GCEO.

Nigerians sound NNPC for Warri refinery repair failure

Legit.ng earlier reported that Petroleum industry operators and experts person criticised the NNPC regarding the purported overhaul of Nigerian refineries.

The improvement comes aft it emerged that the Warri Refinery has remained inoperable aft it unopen down for attraction connected January 25, 2025, owed to information issues successful its Crude Distillation Unit Main Heater.

In April 2025, a papers by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed that the Warri Refinery gulped $879.6 cardinal successful attraction costs and had failed to nutrient petrol and was unopen down little than 1 period aft the erstwhile NNPC GCEO, Mele Kyari, declared it functional.

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Source: Legit.ng