The Economic and Financial Crimes Commission (EFCC) has arrested Umar Ajiya Isa, former Chief Financial Officer of the Nigerian National Petroleum Corporation (NNPC) Limited, over an alleged $7.2 billion fraud linked to the rehabilitation of the Kaduna, Warri, and Port Harcourt refineries.
Sources within the EFCC confirmed that the arrest is part of an ongoing investigation into the massive funds released for the Turn Around Maintenance (TAM) of the refineries.
Also in EFCC custody is the former Managing Director of Warri Refinery, Jimoh Olasunkanmi, alongside other top officials including Tunde Bakare (MD, Warri Refinery), Ahmed Adamu Dikko (former MD, Port Harcourt Refinery), and Ibrahim Monday Onoja (former MD, Port Harcourt Refinery).
The suspects are being investigated for alleged abuse of office, corruption, diversion of public funds, and receiving kickbacks from contractors.
