Crime
EFCC Files Fraud Charges Against Ex-MDs of Warri, PH Refineries
The Economic and Financial Crimes Commission (EFCC) is poised to arraign the former Managing Director of Warri Refining and Petrochemical Company Limited (WRPCL), Jimoh Yisawu, on Friday, and the former Managing Director of Port Harcourt Refining Company Limited (PHRCL), Ahmed Dikko, on Wednesday, over separate money laundering charges bordering on hundreds of millions of naira and hundreds of thousands of dollars.
Court documents show both matters are before Justice Inyang Ekwo of the Federal High Court, Abuja.
Yisawu is facing eight charges, including alleged conversions of $789,950 and $122,600, while Dikko is facing 12 counts covering transactions dating back to 2022.
Count one of the eight charges alleged that between October 2023 and May 2025, Yisawu indirectly converted the aggregate sum of $789,950 through one Samaila Bala.
“That you, Jimoh Olasunkanmi Yisawu, the former Managing Director of Warri Refining and Petrochemical Company Ltd, between October 2023 and May 2025 in Abuja, within the jurisdiction of this honourable court, indirectly converted the aggregate sum of $789,950 through Samaila Bala, which amount did not form part of your known lawful earnings as a former public officer with the Nigerian National Petroleum Company Ltd (formerly Nigerian National Petroleum Corporation), when you knew that the said sum of $789,950 constituted proceeds of unlawful activity, and you thereby committed an offence contrary to Section 18(2)(b) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022,” it read.
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According to Count 2, Yisawu allegedly made various cash payments in excess of N5,000,000 or equivalent amounting in the aggregate to the sum of $789,950 to Samaila Bala without going through a financial institution, an offence the EFCC says contravenes the Money Laundering (Prevention and Prohibition) Act, 2022.
The charges further alleged that between February 2024 and March 2025, Yisawu indirectly converted $122,600 through Rasheed Yusuf of Rasheedat Anike Global Ventures, again allegedly in cash and outside the banking system.
“That you Jimoh Yisawu, the former Managing Director of Warri Refining and Petrochemical Company Ltd, between January and June 2015 in Lagos within the jurisdiction of this honourable court, used the aggregate sum of N25,563,000 received into your Zenith Bank Plc Account No. 1003198602 and Access Bank Plc Account No. 0001283432 from Jkpeez Impex Co. (a contractor with subsidiary of the Nigerian National Petroleum Corporation now Nigerian National Petroleum Company Ltd) when you reasonably ought to have known that the said sum constituted proceed of unlawful activity and you thereby committed an offence contrary to section 15(2)(d) and punishable under section 15(3) of the Money Laundering (Prohibition) Act, 2011 as amended,” it added.
Other counts include: transferring N65,860,000 to Cordros Securities Limited to purchase treasury bills in his name; and retaining N15,000,000 and N3,000,000 respectively, paid into his Stanbic IBTC account by one Olasinka Fragene Justice on behalf of Ebenco Global Link Limited, described as “a contractor to the Nigerian National Petroleum Company Limited.”
For Dikko, the EFCC filed 12 charges, including allegations linked to transactions dating back to 2022.
The charges allege that in February 2024, he “indirectly made a cash payment of the dollar equivalent of the sum of N218,375,000.00… to one Hadeija Bashir for the purchase of Plot 558, Abubakar Umar Street, Katampe Extension, Abuja,” without passing the funds through a financial institution.
He is also accused of retaining N100,000,000 and N90,000,000 in separate bank accounts from money paid by Ebenco Global Link Limited, a contractor to PHRC, and of disguising the origin of N90,000,000 through an Access Bank account “operated by Aisha Ahmed Dikko.”
Count 8 alleges that Dikko, alongside Masterpiece Projects & Investment Limited, disguised the origin of N328,710,337.50 paid into a GTBank account by OMSA Integrated Services Limited “from the transactions involving NNPC Limited allocation of Vacuum Gas Oil for export.”
Further counts accuse him of taking possession of N59,200,000 from funds routed through Masterpiece Projects & Investment Limited; procuring one Ebenezar Oluwagbemiga of Ebenco Global Link Limited to take possession of N356,412,500 on his behalf; converting $77,080 through Ibrahim Isa Yaro; and using his son’s GTBank account to take control of N20,000,000 paid by Ebenco Global Link Limited.
All the offences are said to contravene various sections of the Money Laundering (Prevention and Prohibition) Act, 2022, and the Money Laundering (Prohibition) Act, 2011, as amended.
Crime
NNPC Ltd Disowns Truck Laden with Cannabis Apprehended by NDLEA
A truck, adorned in the brand identities of Nigeria’s state oil major, alleged to be conveying 2,145kg of cannabis arrested by operatives of the National Drug Law Enforcement Agency (NDLEA) in Ondo State has been disowned by the Nigerian National Petroleum Company (NNPC Ltd).
The NNPC Ltd, in a statement by its Chief Corporate Communications Officer, Andy Odeh, said the intercepted truck was not owned by the company.
The rebuttal, was detailed in a media statement available at the NNPC Ltd’s website has it that Odeh averred that preliminary checks showed that the vehicle, with registration number MKA 960 XC, was neither part of NNPC Ltd.’s official fleet nor that of any of its authorised dealers.
He said the logo displayed on the truck was also inconsistent with NNPC Ltd.’s current official branding and that the vehicle was not listed in the company’s asset database.
“NNPC Ltd. is also engaging with the Nigerian Association of Road Transport Owners (NARTO) to obtain further information and establish the circumstances surrounding the use of the Company’s old branding on the vehicle.
“NNPC Ltd. takes any unauthorised use of its corporate identity seriously, particularly where such use may be associated with unlawful activity,” he said.
Odeh said the company remained committed to protecting its brand and ensuring that its name, trademarks and other corporate identifiers were not misused.
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He said that the NNPC Ltd. would continue to cooperate with the NDLEA and other relevant security agencies to establish the ownership and operation of the vehicle.
The spokesman said the company also supported a thorough investigation into how its markings came to be displayed on the truck.
He added that the NNPC Ltd. was reviewing its brand-protection and asset-monitoring protocols and would take appropriate measures, including legal action where warranted.
Odeh urged members of the public and relevant authorities to verify the ownership or affiliation of vehicles purporting to belong to the NNPC Ltd. through official channels.
He reiterated the company’s commendation of the NDLEA for its vigilance and sustained efforts to combat illicit drug trafficking in Nigeria.
The Akwa Ibom State Police Command has arrested a 23-year-old man, Mfon Essien, allegedly found in possession of a loaded locally made shotgun in Ikot Ekpene Local Government Area of the state.
Essien, from Ikot Inyang Itak Village in Ikono Local Government Area, was arrested along Ayah Road, off Uyo Road, Ikot Ekpene, on Sunday, September 6, 2026, following credible intelligence received by police operatives.
The Police Public Relations Officer, Timfon John, disclosed the arrest in a statement issued on Monday.
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According to the statement, a search of the suspect led to the recovery of a locally made shotgun loaded with a live cartridge.
The police alleged that the firearm had been concealed under Essien’s clothing at the time of his arrest.
The command described the arrest as a major breakthrough in its ongoing efforts to curb the proliferation of illegal firearms and prevent violent crimes across Akwa Ibom State.
The suspect is currently in police custody as investigators work to determine the source of the firearm, why he was carrying it and whether he has links to other individuals or criminal groups involved in the illegal movement or use of firearms.
The State Commissioner of Police, Baba Mohammed Azare, said the command would continue its efforts to remove illegal weapons from the streets and prevent violent crimes.
“We will continue our efforts to remove illegal weapons from the streets and prevent violent crimes. Those involved in the illegal possession and circulation of firearms should desist because we will continue to use intelligence-led operations, patrols and other lawful measures against them,” Azare stated.
The commissioner also urged residents to remain vigilant and provide credible information about suspicious persons, illegal weapons and criminal activities.
He assured members of the public that the identities of informants would be kept confidential.
“The Police Command remains committed to protecting lives and property and maintaining peace across Akwa Ibom State,” he added.
Crime
SFU, Lagos Investigates Mega Fraud in Nigeria’s Oil Industry
Crack police operatives at the Special Fraud Unit (SFU), Ikoyi, Lagos have commenced multiple investigations into massive fraud committed against the Nigerian government in the oil and gas industry running into billions of dollars.
The unit started beaming the searchlight on the monumental fraud following complaints from concerned Nigerians, including intelligence networks which are said to have begun to unearth what might be the biggest scam in Nigeria’s oil and gas industry.
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It was learned that in one of the cases, the investigation was started through a petition written by an anti-corruption group alleging massive padding of a contract with a sum exceeding $90 million dollars. This, according to sources, caused a lot of discomfort for certain persons who have done everything possible to frustrate the investigation, including writing petitions against the commissioner of police in charge of the unit and his men.
Reliable sources revealed that because of the refusal of the team handling the matter to take bribes from a major participant in the crime, he has resorted to blackmailing the unit before the Police Service Commission (PSC), resulting to the invitation of the commissioner of police in charge of the unit to the commission’s headquarters in Abuja to explain what the unit under him is investigating.
According to sources, the Non-Governmental Organization (NGO) (name withheld) is furious about this move and has threatened to petition the National Assembly and the American Senate if there is any attempt at scuttling the investigation as the companies involved in this fraud have their roots in the USA.
Informed sources confirmed that the NGO has threatened a showdown with the PSC, stating that its mandate does not allow it to interfere with the operational duties of the police. The rights group advised the commission to focus on their duties of promotion and disciplinary measures for misbehavior by erring officers.
The NGO, it was gathered, believes that it is high time the police were allowed to perform their duties without unnecessary interference. The rights group reportedly stated: “This cannot happen in America. If they dare interfere, we promise to take it to where the commission or anybody else cannot summon any police officer to answer any question.”
It was reliably gathered that the NGO firmly believes that these interferences are responsible for the unfortunate situation where the police have no respect for criminals. The NGO is said to be watching for any further interference on the matter by the commission, insisting they will ensure the matter is investigated to its logical conclusion.
Another matter said to be under investigation by the SFU is a $617 million dollar fraud involving an indigenous oil company. According to our sources, a certain project aimed at boosting crude oil production was awarded to the oil company in 2018. In the same year, an expansion contract for the same project was awarded to the same company even as the original project execution had not commenced.
The shocking revelation coming out of the investigation, according to our sources, is that even the project vendors are companies owned by the prime promoter of the indigenous oil company who contrived the project expansion contract and the company to take this money as part of Cash Call and was allegedly shared amongst the conniving officials and the company. The same company is said to be producing and under-declaring the amount of crude produced, thus effectively stealing from the government.
In the same vein, it was said that another investigation regarding crude oil theft worth over $3 billion is in the offing at the SFU. Our sources could not immediately provide details of the extent of that investigation.
According to sources, there are a whole lot of issues that have been brought to the fraud unit since the assumption of office by CP Eloho Edwin Okpoziakpo because of his pedigree.
However, officers that spoke to reporters said the unit remains the star of the police in economic and financial crimes investigations. They declared that the Inspector General of Police, IGP Tunji Disu, did not make a mistake in the deployment of a star investigator to head the unit and the results are becoming visible.
They challenged reporters to visit the unit and see the efforts the CP has put in place at progressing the unit to another different level; a determined, people friendly, thorough and proactive and intelligence driven unit.
The IGP and the CP could not be reached for comments on the investigations but sources said the unit got official nods from authorities in Abuja to carry out their investigations in the most effective and result-oriented manner based on the stern directives of the IGP, who was said to have cautioned officers not to sweep fraud and criminal cases underground no matter the temptation by those involved.





