The Economic and Financial Crimes Commission (EFCC) is set to arraign former Managing Directors of Warri Refining and Petrochemical Company Ltd, Jimoh Yisawu, and Port Harcourt Refining Company Ltd, Ahmed Dikko, over alleged fraud involving over N1.42 billion and $989,630.

Yisawu faces eight charges, including converting $789,950 through Samaila Bala and $122,600 via Rasheed Yusuf, while Dikko is charged with 12 counts involving transactions dating back to 2022.The cases involve legal sections on fraud, corruption, and embezzlement.The EFCC alleges the executives misused their positions for personal gain, with amounts exceeding the national budget for some states.The trials highlight ongoing efforts to prosecute high-profile corruption cases in the energy sector.Both defendants are expected to face severe penalties if convicted.