EFCC Detains Former NCDMB Chief Wabote, Businessman Akindele in $35 Million Bayelsa Refinery Fraud Probe

The NCDMB had provided $35 million in counterpart funding for a 2,000-barrel-per-day modular refinery, jetty, gas plant, power plant, data center, and tank farm at the Brass Free Trade Zone, Okpoama community, Bayelsa.

The project, intended to be completed within 24 months, has reportedly shown minimal progress since Akindele received funds in December 2020, leading to allegations of project abandonment and fund misappropriation.