Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Obi Wants To Become President Because He Cares About Nigeria – Chimamanda

    August 5, 2025

    Civil Rights Group Wants EFCC To Investigate NNPCL CFO

    August 5, 2025

    Olubadan-In-Council Nominates Ladoja As 44th Olubadan of Ibadan

    August 4, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Obi Wants To Become President Because He Cares About Nigeria – Chimamanda
    • Civil Rights Group Wants EFCC To Investigate NNPCL CFO
    • Olubadan-In-Council Nominates Ladoja As 44th Olubadan of Ibadan
    • AfroBasket: Peter Obi Congratulates D’Tigress on Historic Win
    • Wike Slams Critics Of Tinubu’s Government, Says They Are Misinformed
    • NGF, UBEC Unite To Tackle Worsening Learning Crisis
    • Nathaniel Bassey Plans Halleluyah Challenge ‘KiriKiri Edition’
    • Tottenham Captain, Son To Leave After 10 Years
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Tuesday, August 5
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » Civil Rights Group Wants EFCC To Investigate NNPCL CFO
    4 Mins ReadAugust 5, 2025

    Civil Rights Group Wants EFCC To Investigate NNPCL CFO

    By Festus AdeloyeAugust 5, 2025No Comments4 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Civil Rights Group for All International has asked the Federal High Court in Abuja, to compel the Economic and Financial Crimes Commission (EFCC) to investigate the chief financial officer of the Nigerian National Petroleum CompanyLtd (NNPCL), Mr Dapo Segun, for alleged financial fraud.

    The group, in a suit filed, yesterday, said the failure of the anti-corruption agency to investigate the CFO in connection with the acquisition of the OVH Energy by the NNPC and the rehabilitation of the Port Harcourt and Warri refineries amounted to failure of its statutory duty and therefore constitutes an abuse of powers, ultra vires.

    The suit marked: FHC/ ABJ/CS/1580/2025, has EFCC and Dapo Segun as the 1st and 2nd respondents respectively.

    Amongst the reliefs sought includes an Order of Mandamus directing the EFCC “to within 7 days commence investigation of the fraudulent conduct or role of the 2nd respondent, as the Chief Financial Officer of the Nigerian National Petroleum Company Limited, in connection with the acquisition of OVH Energy by the NNPCL and rehabilitation of the Port-Harcourt and Warri Refineries and to publish the Report of the Investigation within 14 days of its conclusion”.

    The applicant further sought another order of mandamus compelling the EFCC to immediately arrest and prosecute the 2nd respondent in the event he was indicted of corruption allegations at the end of the investigation.

    Besides, the group is also seeking for an interim order directing Segun to step aside and cease from performing his duty as Chief Financial Officer, so as to prevent possible tampering with or altering any documents or records material to the investigation into his role in the acquisition of the OVH Energy by the NNPCL and rehabilitation of the Port-Harcourt and Warri Refineries, pending the hearing and determination of the Substantive Motion on Notice for Judicial Review.

    The group hinged the suit on the grounds that Segun was the former Executive Vice President (Downstream) and now the Chief Financial Officer of the Nigerian National Petroleum Company Limited, and in that official capacity, supervised the acquisition of the OVH Energy by the NNPCL as well as rehabilitation of the Port-Harcourt and Warri Refineries, with their attendant and manifest irregularities.

    ” That sometime in October, 2022 it was announced that NNPCL had acquired OVH Energy Marketing, owners and operators of the Oando downstream assets, however, the price at which it bought it and the company that sold it were not disclosed but concealed from the public with the active participation of the 2nd respondent.

    “The fraudulent acquisition of OVH Energy by NNPCL which saw a foreigner who managed OVH emerging as head of the NNPCL Retail when he lacks the capacity to rejig the entity.

    “The monumental fraudulent scheme in NNPCL, under the 2nd respondent, led to NNPCL top officials using the company for products racketeering and other sharp practices.

    “While under the supervision of the 2nd Respondent, the NNPCL acquired OVH Energy in which the whooping sum of $325.09 million (N140.559 billion) was paid but full take over remains a subject of controversy still under investigation in the House of Representatives where investigation of Turnaround maintenance of refineries and state of the refineries and OVH Acquisition are currently been investigated.

    “Presently, under the 2nd Respondent, about 3 Billion United States Dollars have been sunk in the rehabilitation of the refineries, with no significant result till date.

    “In view of the monumental fraud evident in the acquisition of the OVH Energy and the rehabilitation of the refineries, the 1st Respondent (EFCC) have commenced investigation of the officers of the NNPCL, however, it deliberately excluded the 2nd Respondent, the main official, who personally supervised all the affairs of the NNPCL under investigation.

    “Today, the 2nd Respondent has been appointed and resumed duties as the Chief Financial Officer of the NNPCL and in charge and custody of all the documents and records relating to the acquisition of the OVH Energy and the rehabilitation of the refineries”.

    The plaintiff submitted that the selective action of the EFCC in refusing to investigate the 2nd Respondent, being the principal character involved in the obvious act of economic and financial crimes over the commonwealth of the Nigerian people, is an abuse of power, ultra vires the powers of the 1st Respondent and an act of bad faith.

    “The position of trust as the Chief Financial Officer of the NNPCL places the 2nd Respondent in a position to alter, tamper or even damage or interfere with documents or records relating to the acquisition of the OVH Energy and the rehabilitation of the refineries.

    Author

    • Festus Adeloye
      Festus Adeloye

      View all posts
    NNPCL
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Festus Adeloye

    Related Posts

    Breaking News

    Obi Wants To Become President Because He Cares About Nigeria – Chimamanda

    August 5, 2025
    Breaking News

    Olubadan-In-Council Nominates Ladoja As 44th Olubadan of Ibadan

    August 4, 2025
    Breaking News

    AfroBasket: Peter Obi Congratulates D’Tigress on Historic Win

    August 4, 2025
    Featured

    Wike Slams Critics Of Tinubu’s Government, Says They Are Misinformed

    August 4, 2025
    Education

    NGF, UBEC Unite To Tackle Worsening Learning Crisis

    August 4, 2025
    Breaking News

    Nathaniel Bassey Plans Halleluyah Challenge ‘KiriKiri Edition’

    August 2, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    Obi Wants To Become President Because He Cares About Nigeria – Chimamanda

    August 5, 2025

    Civil Rights Group Wants EFCC To Investigate NNPCL CFO

    August 5, 2025

    Olubadan-In-Council Nominates Ladoja As 44th Olubadan of Ibadan

    August 4, 2025

    AfroBasket: Peter Obi Congratulates D’Tigress on Historic Win

    August 4, 2025
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.