By our reporter 17.8.2025
Economic and Financial Crimes Commission (EFCC) said more than N5 billion and $10 million have been recovered from contractors and government officials indicted in the turnaround maintenance fraud at the Port Harcourt, Kaduna, and Warri refineries
According to Business Day reports the EFCC is also tracking an additional N10 billion and $13 million allegedly siphoned through inflated contracts and questionable transactions in the rehabilitation projects.
The EFCC is probing the disbursement of $1.55 billion to the Port Harcourt refinery, $740.6 million to the Kaduna refinery, and $656.9 million to the Warri refinery.
“The investigation into the turnaround maintenance of the nation’s refineries has yielded major discoveries of large-scale fraud,” Business Day quoted EFCC sources.
“Former management teams of the three refineries were repeatedly arrested and interrogated, and recoveries of $10 million and N5 billion have so far been made from contractors and officials linked to over-invoicing and inflated contracts.
“Both former and serving officials of the NNPCL and the refineries may face prosecution soon.”
Turn-around-fraud...Nigerian refineries still not working.