EFCC arrests Diezani’s cousin over oil deals

Hamilton Nwosa
Writer

Ad

$4.5bn: Court Admits More Evidence Against Emefiele

Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on October 9,2025, admitted more evidence against a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in an alleged $4.5bn fraud. Emefiele is standing trial on a 19-count charge bordering on receiving gratification and corrupt demand preferred against him by…

NEITI Warns of Deepening Transparency Crisis, Says Nigeria Lost $3.3bn to Oil theft, Sabotage

By Obinna Uballa Nigeria lost an estimated 13.5 million barrels of crude oil valued at $3.3 billion to theft and pipeline sabotage between 2023 and 2024, the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed. Executive Secretary of NEITI, Dr. Ogbonnaya Orji, disclosed this on Thursday at the 2025 Association of Energy Correspondents of Nigeria…

Oil Eases over 1.5% after Gaza ceasefire

Summary Israel and Hamas agree to Gaza ceasefire, return of hostages US oil product supplied highest since December 2022, EIA says Stalled peace talks in Ukraine underpin prices Oil prices edged slightly lower on Thursday after Israel and the Palestinian militant group Hamas signed an agreement to cease fire in Gaza. Brent crude futures were…

Ad

Barely a week after Admiral Alison Madueke (retd) was invited by the Economic and Financial Crimes Commission, EFCC, the anti-graft agency yesterday, moved against Mr. Donald Chidi Amamgbo, a cousin of the former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke. Donald Chidi Amamgbo, believed to have played a pivotal role in oil lifting while Mrs. Alison-Madueke held sway as Petroleum Minister, was arrested in Lagos at about 4.20p.m. yesterday. sources learned that Amamgbo is chief executive of Mezcor Oil and Gas limited, Tridax Oil and Gas Limited, Lynear Energy Limited and Bulk Strategic Reserves Limited.

Operatives also searched his Abuja office and premises at 5, Sannar Street, Wuse 2. A source in the agency disclosed that sensitive documents, showing how the firm bought choice property, were retrieved during the search. Amamgbo allegedly got approval to lift Nigerian crude oil without any requisite experience. Through his companies, Amamgbo was said to have lifted crude oil and gas worth billions of dollars over a period of four years. Sources at the commission said investigation into the case was continuing. At press time, it was not clear if he would be granted administrative bail. The arrest of Amamgbo comes barely a week after the EFCC quizzed Diezani’s husband over some cash found in his accounts. He was, however, released after making statement to the operatives.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp