Arewa Youths Demand Sack, Prosecution of Dapo Segun Over Refinery Rehabilitation Mismanagement
Arewa Youths have called for the sack and prosecution of the Chief Financial Officer (CFO) of NNPC Limited, Dapo Segun over his involvement in the country’s refinery rehabilitation mismanagement and NNPCL’s acquisition of OVH Energy failure.
According to them, Segun who served as the Executive Vice President, Downstream in the NNPCL was deeply involved in the refinery rehabilitation and the OVH scandal, hence he should be caused to resign or outrightly removed and prosecuted as investigations into those issues ensue.
In a statement in Abuja, the Arewa Youths said the recent resolve of the Economic and Financial Crimes Commission (EFCC) to probe the alleged abuse of office and misappropriation of funds by former senior officials of NNPCL which included those connected with refinery rehabilitation but excluding the then Executive Vice President, Downstream.
“We are aware that recently EFCC had in a letter addressed to the Group Chief Executive Officer, NNPCL formally requested documents related to an ongoing probe. The letter, titled “Investigation Activities Request for Information”, referenced number CR:3000/EFCC/ABJ/HQ/SDC.2/NNPC/VOL.1/698, stated:
“The Commission said is investigating a case of Abuse of Office and Misappropriation of Funds in which the under-listed officials of NNPCL featured. It listed the 14 individuals involved in the investigation, as: Abubakar Lawal Yar’Adua, Mele Kolo Kyari, Isiaka Abdulrazak, Umar Ajiya, Dikko Ahmed, Ibrahim Onoja, amongst others.
“We are however shocked to the marrow that Segun’s name was conspicuously missing from the EFCC’s list of individuals under the probe. As Executive Vice President for the downstream, he was directly responsible for refinery operations, shipping, trading, and treasury which areas now under investigation.
“As a result of his position in the last NNPCL’s management, the current CFO is supposed to be prominently featured in the investigation because he presided over the departments currently under scrutiny and managed transactions that called for the investigation.
“Segun was equally at the helms of NNPCL’s acquisition of 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.
“Few weeks ago, the House of Representatives Committee on Petroleum Resources(Downstream)
set Technical Sub-Committees to aid the larger Committee in the carrying out of its functions including investigation of Turnaround maintenance of refineries /state of the refineries and OVH Acquisition and complaints from NNPC Retail Staff/House ordered re-investigation.
“These efforts by the two arms of government: the executive through the EFCC and the legislature through the House Committee (Technical Sub-Committees) will be in futility if the big elephant in the room, Dapo is allowed to hold on to the position of NNPCL CFO and fight within. Therefore, he should be shown the way out.”
