Court grants ex-Warri Refinery MD N500m bail in alleged N1.339bn fraud case

The Economic and Financial Crimes Commission (EFCC) on Monday arraigned the former Managing Director of Warri Refining and Petrochemical Company Limited, Jimoh Olasunkanmi Yisawu, before the Federal High Court in Abuja over an alleged N1.339 billion money laundering scheme.

Yisawu was brought before Justice Inyang Ekwo on an eight-count charge bordering on alleged money laundering involving…