The Economic and Financial Crimes Commission has arraigned Jimoh Olasunkanmi Yisawu, former Managing Director of the Warri Refining and Petrochemical Company Limited, before the Federal High Court in Abuja over an alleged N1.339 billion money laundering scheme.
Yisawu was brought before Inyang Ekwo (Justice) on Monday on an eight-count charge bordering on alleged money laundering involving foreign currency transactions, and investments allegedly linked to proceeds of unlawful activities.
He pleaded not guilty to all the charges.
According to the EFCC, the alleged offences were committed between October 2023 and May 2025 while Yisawu served as a public officer under the Nigerian National Petroleum Company Limited, formerly the Nigerian National Petroleum Corporation.
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In the first count, the anti-graft agency alleged that Yisawu indirectly converted a total of $789,950 through one Samaila Bala between October 2023 and May 2025 in
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