Nigeria: EFCC Arraigns Ex-Port Harcourt Refinery Boss for Money Laundering
Dikko pleaded not guilty to 12 counts as the EFCC alleged he used contractor funds to buy Abuja property and move N38.66 billion in traced assets.
- On Wednesday, the Economic and Financial Crimes Commission arraigned Ahmed Adamu Dikko, immediate past Managing Director of the Port Harcourt Refining Company Limited , before the Federal High Court in Abuja on 12 counts of money laundering.
- Prosecutors allege Dikko laundered proceeds of unlawful activities through contractor payments, claiming he used accounts to conceal funds linked to the Nigerian National Petroleum Company Limited and engaged in unauthorized cash transactions.
- The EFCC accused Dikko of making a cash payment equivalent to N218.375 million in February 2024 for an Abuja property and receiving funds from contractors including Ebenco Global Link Limited during his tenure.
- Judge Inyang Ekwo granted Dikko bail in the sum of N150 million with one surety, ordering him to deposit his passport and scheduling trial for October 12, 13 and 14.
- This prosecution is part of a wider EFCC investigation into refinery rehabilitation funds, which previously led to the arraignment of former Warri Refining and Petrochemical Company managing director Jimoh Olasunkanmi Yisawu on similar charges.
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17 Articles
EFCC arraigns ex-Port Harcourt refinery boss for money laundering
The charges against Mr Dikko includes diversion of funds meant for the rehabilitation of the Port Harcourt refinery. The post EFCC arraigns ex-Port Harcourt refinery boss for money laundering appeared first on Premium Times Nigeria.
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QUICK NEWS AFRICAAlleged money laundering: EFCC arraigns ex-Port Harcourt Refinery Ltd MD
Dikko, who was arraigned before Justice Inyang Ekwo of the Federal High Court in Abuja on a 12-count charge, pleaded not guilty. The post Alleged money laundering: EFCC arraigns ex-Port Harcourt Refinery Ltd MD appeared first on Vanguard News.
Warri, PH refineries ex-MDs face trials over alleged $989,630, N1.42bn fraud
Former MDs of Warri and Port Harcourt refineries, Jimoh Yisawu and Ahmed Dikko, are set to face trial for alleged $989,630 and N1.42bn fraud. Read More: https://punchng.com/warri-ph-refineries-ex-mds-face-trials-over-alleged-989630-n1-42bn-fraud/
EFCC Arraigns Former MD Of Port Harcourt Refinery for Alleged N1.32bn Money Laundering - Security News Alert
The Economic and Financial Crimes Commission (EFCC) on Wednesday, July 8, 2026, arraigned Mr Ahmed Adamu Dikko, former Managing Director of Port Harcourt Refining Company Ltd (PHRC), before Justice Inyang Ekwo of the Federal High Court, Abuja, on a 12-count charge bordering on money laundering. The charge, marked FHC/ABJ/CR/360/2026 and dated and filed on June […] The post EFCC Arraigns Former MD Of Port Harcourt Refinery for Alleged N1.32bn Mo…
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