ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Thursday, April 23, 2026
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
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.

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 Mediation Panel for Loan Disputes

CBN Launches Nigeria Payments System Vision 2028 to Deepen Digital Finance

Trending Stories

No Content Available

Latest Stories

Opay MD Gotring Dauda Wutrika

Opay MD Gotring Dauda Wutrika, 5 Other Directors Risk Jail Over Alleged Court Order Breach

GTCO

GTCO Announces 2026 Food and Drink Festival in Lagos

Adebayo Adelabu

BREAKING: Adebayo Adelabu Resigns to Pursue Oyo Governorship Bid

Unity Bank, Climate Experts

Unity Bank, Climate Experts Advocate Green Investment, Innovation to Boost Economic Resilience in Africa

Osita Ngwu

BREAKING: Osita Ngwu Defects from People’s Democratic Party to All Progressives Congress

NECO, NBTE, National Library

BREAKING: President Tinubu Announces New Appointments in NECO, NBTE, National Library (FULL LIST)

Sterling Bank, Remita, CAC

Data Breach Scandal: Sterling Bank, Remita, CAC Face Scrutiny Over Alleged Cybersecurity Failures

10th Google for Startups Accelerator Africa Cohort

Nigerian Startups Selected for 10th Google for Startups Accelerator Africa Cohort

President Tinubu

BREAKING: President Tinubu Reshuffles Cabinet, Replaces Finance and Housing Ministers

Coup Plot

FG Files Treason, Terrorism Charges Against Ex-Military Officers, Police Inspector Over Alleged Coup Plot

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: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2026 NewsOnline Nigeria

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

Copyright © 2023 Newsonline Nigeria