Nigeria: EFCC Arraigns Ex-Port Harcourt Refinery Boss for Money Laundering
Dikko pleaded not guilty to 12 counts as the EFCC alleged he used contractor funds to buy Abuja property and move N38.66 billion in traced assets.
- On Wednesday, the Economic and Financial Crimes Commission arraigned Ahmed Adamu Dikko, immediate past Managing Director of the Port Harcourt Refining Company Limited , before the Federal High Court in Abuja on 12 counts of money laundering.
- Prosecutors allege Dikko laundered proceeds of unlawful activities through contractor payments, using accounts to conceal funds linked to the Nigerian National Petroleum Company Limited and conducting unauthorized cash transactions.
- The EFCC accused Dikko of making a cash payment equivalent to N218.375 million in February 2024 for an Abuja property, alongside receiving funds from contractors including Ebenco Global Link Limited during his tenure.
- Judge Inyang Ekwo granted Dikko bail in the sum of N150 million with one surety, ordering him to deposit his passport and scheduling trial for October 12, 13 and 14.
- This prosecution is part of a wider EFCC investigation into refinery rehabilitation funds, which previously led to the arraignment of Warri Refining and Petrochemical Company managing director Jimoh Olasunkanmi Yisawu on similar charges.
19 Articles
19 Articles
EFCC arraigns ex-Port Harcourt refinery boss for money laundering
The charges against Mr Dikko includes diversion of funds meant for the rehabilitation of the Port Harcourt refinery. The post EFCC arraigns ex-Port Harcourt refinery boss for money laundering appeared first on Premium Times Nigeria.
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QUICK NEWS AFRICAAlleged money laundering: EFCC arraigns ex-Port Harcourt Refinery Ltd MD
Dikko, who was arraigned before Justice Inyang Ekwo of the Federal High Court in Abuja on a 12-count charge, pleaded not guilty. The post Alleged money laundering: EFCC arraigns ex-Port Harcourt Refinery Ltd MD appeared first on Vanguard News.
Warri, PH refineries ex-MDs face trials over alleged $989,630, N1.42bn fraud
Former MDs of Warri and Port Harcourt refineries, Jimoh Yisawu and Ahmed Dikko, are set to face trial for alleged $989,630 and N1.42bn fraud. Read More: https://punchng.com/warri-ph-refineries-ex-mds-face-trials-over-alleged-989630-n1-42bn-fraud/
Nigeria Spent Billions Fixing Its Refineries. Why Did Dangote Succeed Where Government Failed?
For years, Nigerians watched billions disappear into refinery rehabilitation the way people keep repairing a generator that never starts, only to be told to contribute for another repair. Development Diaries reports that two former managing directors of the Warri and Port Harcourt refineries are standing trial over alleged fraud involving $989,630 and N1.42 billion, while Dangote Industries has broken ground for a 700,000-barrel-per-day refinery…
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