Title: Former NNPC CFO, Ex-Warri Refinery MD Arrested Over $7.2 Billion Refinery Fraud Date Published: 23 June 2025 Description: Nigeria’s anti-graft dragnet has closed in on top former oil officials as Umar Isa, a former Chief Financial Officer (CFO) of the Nigerian National Petroleum Company Limited (NNPC), is now in custody over an alleged $7.2 billion fraud linked to the failed turnaround maintenance of the country’s major refineries.Also arrested is Jimoh Olasunkanmi, former Managing Director of the Warri Refinery, while several other high-ranking officials are under investigation for abuse of office, fund diversion, and receiving kickbacks from contractors.Umar Isa, during his tenure, reportedly oversaw the release of billions of naira meant for the rehabilitation of the Kaduna, Warri, and Port Harcourt refineries—yet none of the facilities are operational years later, despite the massive financial outlay.The arrest comes just days after the Senate Committee on Public Accounts flagged “mind-boggling discrepancies” in the NNPC’s audited accounts from 2017 to 2023, fueling renewed scrutiny of the opaque operations of Nigeria’s oil sector.The unfolding scandal raises fresh questions about accountability in the management of Nigeria’s oil wealth and the persistent failure to revive its critical refining infrastructure.  Attached Images: f926687dc15fd97f9c5cab1646d259af3cf10237b6efa54bb9f9c9ac03df6424.png Attached Video: None