ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Friday, October 3, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Crime Watch

BREAKING: EFCC Quizzes Ex-NNPCL Boss Mele Kyari Over Alleged Multi-Billion Naira Fraud

Sources said investigators are examining suspected abuse of office, diversion of funds, and kickbacks from contractors.

by NewsOnline Nigeria
September 10, 2025
in Crime Watch, Headline
0
Mele Kyari

Mele Kyari

 EFCC has reportedly quizzed Ex-NNPCL Boss Mele Kyari over alleged multi-billion naira fraud.

 

NewsOnline Nigeria reports that the immediate past Group Managing Director (GMD) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, is currently being quizzed by the Economic and Financial Crimes Commission (EFCC) in connection with ongoing investigations into alleged fraud at the state oil firm.

A senior source at the EFCC, who spoke on condition of anonymity, confirmed on Wednesday that Kyari honoured an invitation from the Commission and is presently at its headquarters in Abuja.

EFCC Probe Deepens

The interrogation follows a recent ruling by the Federal High Court, Abuja, which ordered the temporary freezing of four Jaiz Bank accounts linked to Kyari. The accounts are being scrutinized over alleged fraudulent transactions.

ALSO: National Grid Collapses in Nigeria, Power Output Plummets to 1.5MW

Justice Emeka Nwite granted the order after EFCC counsel, Ogechi Ujam, filed an ex-parte motion requesting additional time to conclude investigations.

The probe has already drawn in several top former NNPCL officials, including ex-Chief Financial Officer Umar Isa and former Warri Refinery Managing Director Jimoh Olasunkanmi, over an alleged $7.2 billion fraud tied to refinery rehabilitation projects in Kaduna, Warri, and Port Harcourt.

Sources said investigators are examining suspected abuse of office, diversion of funds, and kickbacks from contractors.

Senate Queries and Financial Discrepancies

The Senate Committee on Public Accounts, chaired by Senator Aliyu Wadada, recently flagged what it described as “mind-boggling discrepancies” running into trillions of naira in NNPCL’s audited financial statements from 2017 to 2023.

The Committee has issued 11 queries to the company’s finance team, with a one-week deadline to respond.

Background

Kyari’s invitation by the EFCC comes months after President Bola Tinubu dissolved the NNPCL board, removing both Kyari and former board chairman Pius Akinyelure.

The Presidency said the restructuring was necessary to restore investor confidence, strengthen local content, drive gas commercialization, and enhance efficiency at the national oil company.

The EFCC investigation remains ongoing, with sources stressing that arraignment of suspects will depend on the outcome of the probe.

ADVERTISEMENT
Previous Post

Union Bank Faces Uncertain Future as It Scrambles for New Core Investor

Next Post

CBN Launches Nigeria Payments System Vision 2028 to Deepen Digital Finance

Next Post
CBN

CBN Launches Nigeria Payments System Vision 2028 to Deepen Digital Finance

Trending Stories

No Content Available

Latest Stories

BBNaija: Rooboy Admits Being Too Emotional Was His Biggest Weakness

AFCON: Iwobi Explains Why Ola Aina Struggled Against Adingra in Final

Impact Investors Foundation Unveils Groundbreaking GESI Roadmap, Targets $8bn Inclusive Capital in 10 Years

UCL: Guardiola Criticizes Referee After Man City Fail to Overcome Monaco

UCL: Mbappe Overtakes Ronaldo’s Record with Stunning Hat-Trick

Thierry Henry Assesses Arsenal’s Champions League Title Hopes for This Season

LOPE Media Boss

Nigeria @ 65: LOPE Media Boss Urges Nigerians to Uphold Unity and Progress

Peter Obi

Peter Obi Blasts APC for Undermining Nigeria’s Potential, Calls for “New Politics of Prosperity”

How ARISE News Anchor Somtochukwu Maduagwu Died

Police Reveal How ARISE News Anchor Somtochukwu Maduagwu Died in Abuja Robbery

Darius Ishaku

EFCC Witness Details How Darius Ishaku Directed Cash Withdrawals, Transfers in N27bn Fraud Trial

ADVERTISEMENT

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: [email protected]

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria