EFCC Arraigns Ex-Port Harcourt Refinery MD for Fraud

On Wednesday, the Economic and Financial Crimes Commission (EFCC) arraigned Ahm Dikko, the former Managing Director of the Port Harcourt Refining Company (PHRC), at the Abuja Division of the Federal High Court. Dikko faced 12 counts of money laundering, accused of acquiring property in Katampe Extension, Abuja, amounting to N218.4 million without passing through a financial institution, contrary to the Money Laundering (Prevention and Prohibition) Act 2022.

He pleaded not guilty to all charges. Prosecuting counsel Ekel Iheanacho, SAN, requested the court to set a trial date, while defense counsel Ikechukwu Ajunwa, SAN, informed the court of a bail application.

The prosecution opposed the bail, citing a counter affidavit. Justice Inyang Ekwo granted bail at N150 million, requiring sureties with land property within the court's jurisdiction and the deposit of Dikko's international passport.

The case was adjourned until October 12, 13, and 14 for trial commencement. Separately, the EFCC filed charges against Dikko related to his tenure at the Warri Refining and Petrochemical Company (WRPC).