Ex-Warri Refinery MD Yisawu Arraigned, Granted N500m Bail

Jimoh Yisawu, the former Managing Director of Warri Refinery and Petrochemical Company Limited, was arraigned on Monday at the Federal High Court in Abuja on eight counts of corruption and money laundering. The charges, presided over by Justice Inyang Ekwo, allege that Yisawu indirectly converted a total of N789,950 through unlawful activities, violating anti-money laundering laws.

He pleaded not guilty to the charges. The court granted him bail in the sum of N500 million, with sureties required to submit proof of ownership of Nigerian land properties in Abuja.

Additionally, Yisawu must deposit his international passport with the court and is prohibited from traveling outside Nigeria without permission. The prosecution, represented by Ekel Iheanacho, opposed the bail application, citing a previous administrative bail granted to Yisawu.

The case has been adjourned until October 25, 26, and 27, 2026, with the charges marked as FHC/ABJ/CR/361/2026, filed on June 22, 2026.