Economic and Financial Crimes Commission has arrested a former Chief Financial Officer of the Nigerian National Petroleum Corporation Limited, Umar Isa, over an alleged $7.2 billion fraud linked to the rehabilitation of the Kaduna, Warri, and Port Harcourt refineries.
The total amount under investigation is $2,956,872,622.36.
Specifically, the EFCC is probing the disbursement of $1,559,239,084.36 allocated to the Port Harcourt refinery, $740,669,600 released for the Kaduna refinery, and $656,963,938 approved for the Warri refinery.
A top official in the agency, who requested anonymity due to a lack of authorisation to speak publicly, confirmed Isa’s arrest to Punch correspondent, saying he was being investigated for alleged abuse of office, corruption, among other offences.
The source said, “Our operatives have arrested a former Chief Financial Officer of the NNPCL, Umar Ajiya Isa, in connection with an alleged $7.2 billion fraud related to the rehabilitation of the Kaduna, Warri, and Port Harcourt refineries.
“As CFO, Ajiya oversaw the release of funds for the turnaround maintenance of the three refineries. All key officials involved in the maintenance and other major NNPCL projects are also under investigation for alleged abuse of office, corruption, diversion of public funds, and kickbacks from contractors.
“Other officials involved are Tunde Bakare, MD, Warri Refinery; Ahmed Adamu Dikko, former MD, Port Harcourt Refinery; and Ibrahim Monday Onoja, former MD, Port Harcourt Refinery.”
Another source who confirmed Isa’s arrest, also disclosed to Punch correspondent that the EFCC had also detained the former Managing Director of the Warri Refinery, Jimoh Olasunkanmi.
“Yes, it is true. We have arrested Isa. We also have in our custody the former MD of the Warri Refinery, Jimoh Olasunkanmi,” the second source said.
EFCC spokesperson, Dele Oyewale, could not be reached for comments as of press time.
