Arraignment of ex-Warri refinery boss for money laundering adjourned

By Taiye Agbaje

The planned arraignment of Jimoh Yisawu, former Managing Director of the Warri Refining and Petrochemical Company Ltd for alleged money laundering offences could not hold on Friday as a result of absence of the Judge.

The case is before Justice Inyang Ekwo of Federal High Court in Abuja who was said to be on another official engagement.

Subsequently, arraignment of Yisawu was adjourned until July 20.

The Economic and Financial Crimes Commission, EFCC, in the charge, marked: FHC/ABJ/CR/361/2026 alleged that Yisawu, as MD of Warri Refining Ltd laundered public funds and used part of the money to purchase treasury bills for himself.

The charge, dated and filed on June 22 by Ekele Iheanacho, SAN, has eight counts with Yisawu as sole defendant.

The offence is contrary to Section 18(2) (b) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.

EFCC had also on Wednesday, arraigned Ahmed Dikko, ex-MD of Port Harcourt Refining Company Ltd (PHRC), for alleged money laundering

Dikko, who was arraigned before Justice Ekwo on a 12-count charge, pleaded not guilty.

The judge adjourned Dikko’s commencement of trial until Oct. 12.

NAN)