The Economic and Financial Crimes Commission (EFCC) has confirmed that the arrested former Chief Financial Officer (CFO) of the Nigerian National Petroleum Company Limited (NNPCL), Umar Isa, and other top officials are still under investigation over an alleged $7.2 billion fraud linked to the rehabilitation of the Kaduna, Warri, and Port Harcourt refineries.
A source familiar with developments within the EFCC (who pleaded anonymity as the official was not authorized to speak) disclosed to Nairametrics on Tuesday that the investigation of the suspects is ongoing.
Aside from Isa, Jimoh Olasunkanmi, a former Managing Director of Warri Refinery, and others are said to be in the custody of the EFCC, as confirmed by the source.
