The Economic and Financial Crimes Commission, (EFCC) has arrested former top officials of the Nigerian National Petroleum Corporation (NNPC) in connection with the botched rehabilitation of refineries in the country.
Sources in the EFCC confirmed that a former Chief Financial Officer (CFO) of NNPC Limited and 6 other former top officers were arrested for alleged $7.2 billion spent on rehabilitation of the refineries.
The sources disclosed the anti-graft agency has arrested Umar Ajiya Isa, the former Chief Financial Officer of the Nigerian National Petroleum Corporation.
Isa was said to have been arrested in connection with alleged 7.2 billion Dollar fraud linked with the rehabilitation of the Warri, Port Harcourt and Kaduna refineries.
The sources equally confirmed that the former Managing Director of Warri Refinery, Jimoh Olasunkanmi is also in the custody of the EFCC.
Isa, as CFO, was in charge of release of funds for the Turn Around Maintenance (TAM) of the three refineries.
It was gathered that all the key officials involved in the botched maintenance and other key projects are being investigated for alleged abuse of office, corruption, diversion of funds and kickbacks from contractors.
Other officials allegedly involved are Tunde Bakare, MD, Warri Refinery; Ahmed Adamu Dikko, former MD, Port Harcourt Refinery and Ibrahim Monday Onoja, former MD, Port Harcourt Refinery.