Breaking News: NNPCL Refineries Sale Raises Eyebrows Amid $7.2 Billion Scandal Probe
The Nigerian National Petroleum Company Limited (NNPCL) is considering selling its three major refineries in Warri, Kaduna, and Port Harcourt, sparking controversy amid an ongoing investigation into a $7.2 billion scandal involving refinery rehabilitation projects. The Economic and Financial Crimes Commission (EFCC) has arrested several former top executives over allegations of fund mismanagement. The EFCC is probing the alleged misappropriation of $2.96 billion allocated for refinery rehabilitation, with several former managing directors and senior officials arrested and financial records scrutinized. Critics argue that selling the refineries would destroy evidence needed to prosecute those involved in the alleged theft and create…
