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Nigeria Arrests Ex-CFO of State Oil Firm Over Alleged Fraud

Gas flares burn at an oil flow station in Nigeria.Photographer: George Osodi/Bloomberg

Nigeria’s anti-graft authorities arrested the former chief financial officer of the state oil company and a former head of a refinery in connection with an alleged misappropriation of funds.

The Economic and Financial Crimes Commission said it had detained ex-CFO Umar Ajiya Isa and Jimoh Olasunkanmi, the former managing director of Nigeria’s Warri refinery.