The Economic and Financial Crimes Commission (EFCC) has pulled back over N5 billion and $10 million from the deep pockets of contractors and officials who allegedly turned Nigeria’s refineries into bottomless pits of corruption. But wait—there’s more. The anti-graft agency says another N10 billion and $13 million are still out there floating around like lost luggage at an airport carousel, courtesy of “contract inflation” and other corrupt practices. EFCC Chairman, Ola Olukoyede, has decided this is not a “delegate-and-watch” kind of case—he’s personally leading the charge. Word is, he’s tired of billions being spent while the refineries in Warri, Kaduna, and Port Harcourt remain unproductive. For decades, Nigeria’s refineries have been more of tourist sites than functional plants. Billions have been budgeted, billions released, yet they perform worse than a broken generator in rainy season. The Big Spending History Lesson $1.55 billion for Port Harcourt refinery $740 million for Kadun...
Two senior security aides to President Bola Ahmed Tinubu have been linked to a $1.5 million bribery scandal allegedly involving the embattled Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Bashir Bayo Ojulari, according to Sahara Reporters. According to multiple sources, the President’s Chief Security Officer (CSO), Adegboyega Fasasi, and Chief Personal Security Officer, Usman Shugaba, allegedly facilitated Ojulari’s access to the President at the Aso Rock Villa after receiving the payment. Tinubu reportedly met with the NNPC boss at 11 a.m. on June 10. Ojulari is currently under investigation for alleged money laundering linked to the transfer of millions of dollars to AA&R Investment Group, a company owned by Abdullahi Bashir-Haske, son-in-law of former Vice President Atiku Abubakar—Tinubu’s main rival in the 2023 elections. Sources said the President grew visibly angry after intelligence reports tied Ojulari to suspicious fin...