BREAKING: EFCC Arrests Sacked Refinery MDs Over Missing Billions
-- Abuja, Nigeria In a major development shaking Nigeria’s oil sector, the Economic and Financial Crimes Commission (EFCC) has arrested the recently sacked managing directors and top officials of the Port Harcourt, Warri, and Kaduna refineries following the discovery of N80 billion in the account of one of the former MDs. The arrests come as part of an ongoing investigation into the alleged mismanagement of a staggering $2.9 billion earmarked for the rehabilitation of Nigeria’s state-owned refineries. Findings by PUNCH reveal that the anti-graft agency is probing: $1.5 billion allocated to Port Harcourt Refinery, $740 million to Kaduna Refinery, and $656 million to Warri Refinery. The ex-Managing Director of Port Harcourt Refining Company Ltd, Mr. Ibrahim Onoja; the former MD of Warri Refining and Petrochemical Company Ltd, Efifia Chu; and the former MD of Kaduna Refining and Petrochemical Company Ltd, Mustafa Sugungun, are all currently in EFCC custody. A top EFCC official, who r...