The Economic and Financial Crimes Commission (EFCC) on Wednesday handed over a total sum of N3.9 billion recovered proceeds of fraud to the Nigerian National Petroleum Company Limited (NNPCL).
The anti-graft agency disclosed this in a statement released on Wednesday.
The presentation was made on behalf of the Chairman of the Commission, Ola Olukoyede, by the Secretary to the Commission, Mohammed Hammajoda, at a ceremony held at the EFCC headquarters in Abuja.
What they are saying
Hammajoda said the funds were recovered through investigations that led to the uncovering of fraudulent engagements by some actors in the NNPCL.
- “So, on behalf of the EFCC, I present the sum of three billion, nine hundred and thirty-six million, one hundred and forty-five thousand, eight hundred and twenty-two naira to you,” he said.
Receiving the funds on behalf of NNPCL, the Executive Vice President, Downstream, Mumuni Dagazau, thanked the Commission for its assistance in the recovery, “which goes to show the core unity that exists in our system.”
- “The NNPC, over the years, has had its struggles and challenges, and one thing we have always tried to do is correct the system.
- “When the opportunity came for this recovery from your team that handled this, it was something I was really proud of. I was also happy that we brought it to the EFCC to help and support us.
- “We are very excited. For me, this is a great day for us. We will continue to rely on you for assistance, and this is a real commitment for us moving forward,” Dagazau said.
Backstory
Earlier this year, the EFCC arraigned two suspects for their alleged involvement in a N600 million job fraud linked to the NNPCL.
This is according to a statement on X by the EFCC on February 9, 2026.
- The suspects were arraigned before the Federal Capital Territory High Court in Abuja on charges of fraud, obtaining money by false pretence, and forgery, in a case that highlights ongoing efforts to clamp down on job-related scams.
- According to the EFCC, the suspects were arraigned on an amended six-count charge accusing them of defrauding a victim of N603,400,000 by falsely promising to secure her appointment as Group Managing Director of the Nigerian National Petroleum Corporation.
The commission said the alleged offences contravene sections of the Advance Fee Fraud and Other Fraud Related Offences Act, as well as the Penal Code Law on forgery.
What you should know
Controversy has been trailing fund accountability in the NNPCL in recent times.
- Last year, the Federal High Court in Abuja ordered the temporary freezing of four Jaiz Bank accounts linked to Mele Kyari, a former Group Managing Director (GMD) of the Nigerian National Petroleum Company Limited (NNPCL), over allegations bordering on fraud.
- In July 2025, Nairametrics also reported that the Senate said the NNPCL had yet to account for N210 trillion highlighted in the 2017–2023 audit report by the Office of the Auditor-General for the Federation.
- The Chairman of the Senate Committee on Public Accounts, Senator Aliyu Wadada, made the disclosure during a resumed hearing on the audit report, which reviewed the spending of MDAs.
Wadada said the Senate did not accuse the NNPCL of theft but was demanding accountability for the N210 trillion flagged in the audit, in line with its duty to ensure transparency and accountability in the management of public funds.
