The Economic and Financial Crimes Commission says it has arrested a former Chief Financial Officer of the Nigerian National Petroleum Corporation Limited, Umar Isa.
Umar Isa. was arrested in connection with an alleged $7.2bn fraud linked to the rehabilitation of the Kaduna, Warri, and Port Harcourt refineries.
The EFCC is investigating the disbursement of $1,559,239,084.36 allocated to the Port Harcourt refinery, $740,669,600 released for the Kaduna refinery, and $656,963,938 approved for the Warri refinery, all amounting to $2,956,872,622.36.
Sources at the EFCC confirmed Isa’s arrest, revealing he is being investigated for alleged abuse of office and corruption.
The source also informed that “All key officials involved in other major NNPCL projects are also under investigation for alleged abuse of office, corruption, diversion of public funds, and kickbacks from contractors.
“Yes, it is true. We have arrested Isa. We also have in our custody the former MD of the Warri Refinery, Jimoh Olasunkanmi,” the second source said.
Efforts to reach the EFCC spokesperson, Dele Oyewale, for comments, were unsuccessful as of press time.