The Economic and Financial Crimes Commission (EFCC) has arraigned former Managing Director of the Port Harcourt Refining Company, , before the Federal High Court in Abuja over an alleged N1.32 billion money laundering case.
Dikko pleaded not guilty to a 12-count charge alleging he laundered funds linked to the rehabilitation of the Port Harcourt refinery through cash property purchases, third-party transactions and unauthorised currency conversion.
Justice Inyang Ekwo granted him bail in the sum of N150 million with one surety and ordered his remand in EFCC custody pending the fulfilment of the bail conditions.
The case was adjourned to October 12, 13 and 14, 2026, for trial.
“The defendant pleaded not guilty to the charges when they were read to him,” the EFCC said.
