EFCC Arraigns Former MD Of Port Harcourt Refinery.

EFCC Arraigns Former MD Of Port Harcourt Refinery.

The Economic and Financial Crimes Commission, EFCC has arraigned Ahmed Adamu Dikko, former Managing Director of Port Harcourt Refining Company Ltd before Justice Inyang Ekwo of the Federal High Court, Abuja, on a 12-count charge bordering on money laundering.

Dikko, who led the Port Harcourt Refining Company for about four years, pleaded not guilty to the charge filed against him by the Commission.

The EFCC accused Dikko of laundering more than one billion naira in proceeds allegedly linked to contractors engaged by the Nigerian National Petroleum Company Limited for the rehabilitation of the Port Harcourt refinery, through cash property purchases, undisclosed bank retentions, third-party fund concealment and unauthorised currency conversion, in violation of the Money Laundering act.

Counsel to the defendant, Okechukwu Ajunwa, SAN urged the court to grant the defendant bail pending the determination of the suit but counsel to the EFCC

Iheanacho opposed the bail application.

Ruling on the bail application, Justice Ekwo granted the defendant bail in the sum of one hundred and fifty million naira with a surety who must be a resident within the jurisdiction of the court and with a landed property valued at not less than the bail sum.

The judge ordered that the defendant be remanded in the custody of the EFCC pending when the bail conditions are met.

The matter was therefore adjourned to October 12, 13 and 14, 2026 for trial.