The Economic and Financial Crimes Commission is set to arraign the former Managing Director of Warri Refining and Petrochemical Company Ltd, Jimoh Yisawu, on Friday, and the former Managing Director of Port Harcourt Refining Company Ltd, Ahmed Dikko, on Wednesday, over separate money laundering charges bordering on hundreds of millions of naira and hundreds of thousands of dollars.
Court documents show both matters are before Justice Inyang Ekwo of the Federal High Court, Abuja.
Yisawu is facing eight charges, including alleged conversions of $789,950 and $122,600, while Dikko is facing 12 counts covering transactions dating back to 2022.
Count one of the eight charges alleged that between October 2023 and May 2025, Yisawu indirectly converted the aggregate sum of $789,950 through one Samaila Bala.
“That you, Jimoh Olasunkanmi Yisawu, the former Managing Director of Warri Refining and Petrochemical Company Ltd, between October 2023 and May 2025 in Abuja, within the jurisdiction of this honourable court, indirectly converted the aggregate sum of $789,950 through Samaila Bala, which amount did not form part of your known lawful earnings as a former public officer with the Nigerian National Petroleum Company Ltd (formerly Nigerian National Petroleum Corporation), when you knew that the said sum of $789,950 constituted proceeds of unlawful activity, and you thereby committed an offence contrary to Section 18(2)(b) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022,” it read.
