Nigeria ex‑refinery CEOs to be tried for alleged $989,630 and N1.42 bn money‑laundering scheme

The Economic and Financial Crimes Commission (EFCC) will arraign two former managing directors of Nigeria’s state‑linked refineries. Jimoh Yisawu, former MD of the Warri Refining and Petrochemical Company, faces eight money‑laundering counts that allege he converted about $789,950 and $122,600 through cash payments and received N25.56 million from a contractor, among other transactions. Ahmed Dikko, former MD of the Port Harcourt Refining Company, faces twelve counts covering a scheme worth roughly N1.42 billion, including a cash payment of N218.38 million for a property purchase and retention of N100 million and N90 million from contractors. Both cases will be heard before Justice Inyang Ekwo of the Federal High Court in Abuja.