EFCC arraigns ex-Warri refinery MD for money laundering
The commission accused the two former refinery chiefs of laundering alleged proceeds of unlawful activities, receiving payments from contractors engaged by the Nigerian National Petroleum Company Limited( NNPCL) operating accounts used to conceal illicit funds and carrying out large cash transactions contrary to the Money Laundering (Prevention and Prohibition) Act, 2022.
Background PREMIUM TIMES reported on 29 June that the EFCC filed money laundering charges against Mr Yisawu and former Managing Director of Port Harcourt Refining Company Limited (PHRC), Ahmed Dikko, over the alleged diversion of funds approved for the rehabilitation of Nigeria’s state-owned refineries.
The commission alleged that the money did not form part of his known lawful earnings as a former public officer of the Nigerian National Petroleum Company Limited (NNPCL), formerly the Nigerian National Petroleum Corporation (NNPC), and constituted proceeds of unlawful activity.
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