The Economic and Financial Crimes Commission (EFCC) has launched a sweeping investigation into the alleged misappropriation of $2.96 billion earmarked for the rehabilitation of Nigeria’s key refineries — Port Harcourt, Warri, and Kaduna — by top former officials of NNPC Limited.
According to an EFCC letter dated April 28, 2025, addressed to NNPCL’s Group Managing Director, the investigation centers on:
$1.56 billion for Port Harcourt refinery
$740 million for Kaduna refinery
$657 million for Warri refinery
Officials Under Investigation:
- Mele Kyari (former GCEO, NNPCL)
- Abubakar Lawal Yar’Adua
- Isiaka Abdulrazak
- Umar Ajiya
- Dikko Ahmed
- Ibrahim Onoja
- Ademoye Adeniyi Jelili
- Mustapha Magaji Sugungun
- Kayode Olusegun Adetokunbo
- Efiok Michael Akpan
- Babatunde Bakare
- Jimoh Olasunkanmi
- Bello Kankaya
- Desmond Inyama
The probe follows the discovery of N80 billion in the bank accounts of one of the sacked refinery MDs, and growing public backlash over the underperformance of the refineries, despite publicized claims of rehabilitation and recommissioning.
