News
EFCC obtains court order to arrest ExxonMobil MD over fraud allegation
A Federal High Court, Abuja has given the Economic and Financial Crimes Commission, EFCC, the nod to arrest Richard Laing, Managing Director, ExxonMobil Nigeria. This fact is contained in EFCC Twitter handle. The anti-graft agency said that Justice Okon Abang granted its application for a Bench Warrant to arrest Laing.
EFCC said, “The Commission is investigating alleged procurement fraud in the Major Integrity Pipelines Project involving Mobile Producing Nigeria as the contracting company, Suffolk Petroleum Services Limited as the main contractor, Saipem Contracting Nigeria, Global Offshore Limited and Van Ord as sub-contractor to SPSL. “At issue, is the fraudulent creation of Change Orders worth over $213million USD.”
The anti-graft agency approached the Court for a Warrant after three invitations to Mr. Liang were rebuffed.
-
News7 hours agoDangote Refinery cautions stakeholders on IPO speculation
-
News7 hours agoAccount for N129.5bn disbursed for botched 2023 Census, BudgiT tackles NPC
-
Finance8 hours agoTotal capital importation rose in Q4 2025, says statistics bureau
-
Economy8 hours agoFG begins registration for training of 10m Nigerians on financial literacy
-
Oil and Gas8 hours agoDangote Refinery reduces petrol price to N1,200 per litre
-
Finance8 hours agoFirstBank empowers SMEs with AI-driven growth strategies, hosts SMEConnect webinar
-
News8 hours agoAfreximbank launches inaugural accelerator programme cohort to scale Africa’s Digital trade ecosystem
-
Economy8 hours agoWBG working with governments, private sector, regional partners, stakeholders to help solve Middle East war challenges challenges
