The EFCC has filed separate money laundering charges against former refinery managing directors Ahmed Adamu Dikko and Jimoh Olasunkanmi Yisawu over alleged refinery rehabilitation fraud.
Two former refinery bosses are facing fresh charges. According to Premium Times, the EFCC has filed separate money laundering charges against ex-Port Harcourt Refining Company MD Ahmed Adamu Dikko and ex-Warri Refining and Petrochemical Company MD Jimoh Olasunkanmi Yisawu at the Federal Capital Territory High Court in Abuja on June 22 — a 12-count charge against Dikko and an eight-count charge against Yisawu.
The EFCC alleged both men laundered proceeds of unlawful activities, received funds from refinery maintenance contractors, concealed the origins of funds and carried out large cash transactions in breach of the Money Laundering Act. Dikko was accused of handling hundreds of millions of naira through multiple accounts, while Yisawu allegedly converted large sums via intermediaries and contractor-linked transactions.
Premium Times reports the charges stem from an investigation that has already recovered over ₦38.66 billion in cash and assets.
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