Money Laundering Case: Court adjourns arraignment of Warri refinery’s ex-MD
The Federal High Court, Abuja Division, on Friday adjourned the arraignment of Jimoh Yisawu, former managing director of the Warri Refining and Petrochemical Company, until July 20.
The case, which is before Justice Inyang Ekwo, could not proceed due to the judge’s absence. Mr Ekwo was said to be on another official engagement.
The Economic and Financial Crimes Commission charged Mr Yisawu with money laundering.
The anti-graft agency had on Wednesday arraigned Ahmed Dikko, ex-MD of the Port Harcourt Refining Company, for alleged money laundering.
Mr Dikko, who was arraigned before Mr Ekwo on 12 counts, pleaded not guilty. The judge adjourned Mr Dikko’s commencement of trial until October 12.
Meanwhile, the EFCC, in the charge marked FHC/ABJ/CR/361/2026, preferred against Mr Yisawu, alleging that he 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, has eight counts with Mr Yisawu as the 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.
(NAN)
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