By Ikechukwu Nnochiri
ABUJA — The Economic and Financial Crimes Commission (EFCC), on Wednesday, arraigned the former Managing Director of Port Harcourt Refining Company Ltd (PHRC), Mr. Ahmed Adamu Dikko, before the Federal High Court in Abuja on a 12-count money laundering charge.
Dikko, who led the Port Harcourt Refining Company for about four years, was docked alongside a firm, Masterpiece Projects & Investment Limited, which was listed as the 2nd defendant in the charge.
The EFCC alleged that the defendants laundered funds totaling about N1.32 billion linked to contractors engaged by the Nigerian National Petroleum Company Limited (NNPCL) for the rehabilitation of the Port Harcourt refinery.
It told the court that the funds were laundered through cash property purchases, undisclosed bank retentions, third-party fund concealment, and unauthorised currency conversion, in violation of the Money Laundering (Prevention and Prohibition) Act, 2022.
