EFCC Recovers ₦5 Billion, $10 Million From Refinery Maintenance Fraud
The EFCC has recovered ₦5 billion and $10 million from a refinery maintenance fraud investigation, with efforts underway to recover an additional billion and 13 million allegedly siphoned by contractors. The agency's chairman personally led the investigation, expressing dissatisfaction with the state of Nigeria's largely dormant refineries despite massive public spending over the past decade.
The Warri, Kaduna, and Port Harcourt refineries have remained inactive, leading to heavy dependence on imported petroleum products. The EFCC is focusing on funds allocated to the refineries, including instances of contract inflation and questionable payments that have hindered their optimal functioning.
The agency is also investigating fresh allegations of contract inflation worth 40 million involving an NNPC official and a contractor. Charges may soon be filed against indicted officials as the EFCC continues its recovery efforts.
Plus234Feed summary based on reporting from NaijaNews. Read the original report below.
Read full article
Continue on NaijaNews
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
EFCC Recovers ₦5bn and $10m From Refinery Maintenance Fraud, Targets More Funds
CNTJ Urges EFCC to Release $4 Billion Refinery Fraud Probe Report
EFCC Hands Over N100m To FG, Recovers Rifle, Cartridges in Benin Raid
EFCC Hands Over N100m Recovered Funds, “Just a Tip of the Iceberg”
NNPC's Kyari Interrogated Over Refinery Scandal, Passport Seized
EFCC Recovers Billions in Refinery Fraud, Moves Against Ex-NNPCL Officials
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
