According to the anti-graft agency, the former refinery boss allegedly converted large sums of money in both foreign and local currencies through third parties and financial transactions that were allegedly inconsistent with his known lawful earnings.
The Economic and Financial Crimes Commission (EFCC) has arraigned the former Managing Director of Warri Refining and Petrochemical Company Limited (WRPC), Jimoh Olasunkanmi Yisawu, before the Federal High Court in Abuja over alleged money laundering involving about N1.339billion.
Yisawu was brought before Justice Inyang Ekwo on Monday, July 20, 2026, on an eight-count charge bordering on alleged money laundering and the conversion of funds said to be proceeds of unlawful activity while serving as a public officer with the Nigerian National Petroleum Company Limited (NNPC Ltd), formerly the Nigerian National Petroleum Corporation (NNPC).
According to the anti-graft agency, the former refinery boss allegedly converted large sums of money in both foreign and local currencies through third parties and financial transactions that were allegedly inconsistent with his known lawful earnings.
Count one of the charges reads: "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 (Seven Hundred and Eighty Nine Thousand, Nine Hundred and Fifty United States Dollars) through Samaila Bala which amount did not form part of your known lawful earning 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 (8) (b) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022."
