The EFCC has launched a major investigation into a $3bn refinery rehabilitation fund scandal, uncovering over N80bn in accounts linked to a former refinery MD. Several NNPCL executives, including ex-GCEO Mele Kyari, are under probe.
- EFCC arrests ex-MDs of Warri, Port Harcourt, and Kaduna refineries
- ₦11.3tn spent since 2010, yet no refinery is fully operational
- $2.9bn disbursed under Mele Kyari’s leadership for “rehabilitation”
- Over ₦80bn allegedly found in sacked MD’s private bank account
- Senate panel demands full forensic audit of all refinery spending
Nigerians have long questioned the endless “rehabilitation” of refineries with no result. Now, shocking figures, like ₦80bn sitting in one man’s account, suggest why.
What was sold as progress may have been a cover for plunder. Meanwhile, citizens face record fuel prices and no relief in sight. With growing public pressure, the EFCC has vowed full prosecution. Lawmakers and citizens alike are demanding answers as the oil sector faces another integrity test.
Are we just scratching the surface of a deeper rot? And will this investigation bring justice, or just another news cycle?
