Economic and Financial Crimes Commission (EFCC) has arrested a former Chief Financial Officer of the Nigerian National Petroleum Corporation, (NNPC) Limited, Umar Ajiya Isa.
Mr Isa was detained by the agency along with a former Managing Director of Warri Refinery, Jimoh Olasunkanmi.
Mr Isa was arrested in connection with alleged $7.2billion fraud associated with the rehabilitation of the Kaduna, Warri and Port Harcourt refineries.
It has also been reported that Isa, along with all the key officials involved in the maintenance of the refineries and other significant NNPC projects, is being investigated for alleged abuse of office, corruption, diversion of funds, and kickbacks from contractors.
The three refineries have underperformed and recorded zero production over the years despite annual allocation of turnaround maintenance to them