EFCC Questions Ex-NNPCL Boss Mele Kyari Over Multi-Billion Naira Fraud

The Economic and Financial Crimes Commission (EFCC) is currently questioning the former Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, over an alleged multi-billion naira fraud. This follows a court order to freeze four Jaiz Bank (NGX: JAIZBANK) accounts linked to Kyari due to suspected fraudulent transactions.

The EFCC is investigating several former NNPCL officials, including Umar Isa and Jimoh Olasunkanmi, for their alleged involvement in a billion-dollar fraud related to refinery projects. The probe focuses on suspected abuse of office, fund diversion, and kickbacks.

Kyari is currently being interrogated at the EFCC headquarters in Abuja.