<< Back             Poser >> EFCC Uncovers Chinese-Operated Illegal Oil Refinery In Ogun Business The Economic and Financial Crimes Commission (EFCC) says it has uncovered an illegal oil refinery allegedly operated by Chinese nationals in the Ogere area of Ogun State. The Commission disclosed that the operation, carried out on Saturday, October 31, 2026, by operatives of its Lagos Zonal Directorate 2, followed intelligence gathering and surveillance on the activities of illegal sludge oil refiners. The development was contained in a statement issued on Tuesday by the EFCC Head of Media and Publicity, Dele Oyewale.   The illegal oil refinery allegedly operated by Chinese nationals. X/@officialEFCC   According to the Commission, the refinery was deserted when operatives stormed the premises, following an earlier crackdown on four illegal lithium processing plants in the area.   However, they discovered waste products from the refining process, as well as underground tanks believed to have been used for heating and processing sludge oil. “Two of the underground tanks inspected contained substances suspected to be Automotive Gas Oil (AGO), otherwise known as diesel,” the statement said. The EFCC said preliminary investigations showed that the operators sourced sludge oil, also known as black sludge, from Warri in Delta State and Port Harcourt in Rivers State before transporting it to the facility in Ogere for processing.   The illegal oil refinery allegedly operated by Chinese nationals. X/@officialEFCC   It explained that further investigations indicated that the operators subjected the sludge oil to intense heat, allowing lighter petroleum components to pass through a series of chambers and filters in a process believed to produce Automotive Gas Oil (AGO) for sale in the Nigerian market. The Commission added that security personnel at the facility told its operatives that the Chinese operators never disclosed their identities or the name of the company behind the operation. Operatives of the Lagos Zonal Directorate 2 have since taken over the premises as investigations continue to establish the identities of the operators, ownership of the facility and the full extent of the suspected illegal activities and economic sabotage. Channels TV	SPECIAL REPORT: Beyond tuition, extra school charges deepen financial strain on Nigerian parents From Abuja to Lagos, Kaduna, Katsina and Benue, parents described additional bills for graduation ceremonies, textbooks, costumes, feeding, extra lessons, photographs, parties and other activities. Bank of Ghana woos Asian investors with lower inflation, improved credit rating The Bank of Ghana (BoG) has urged Asian investors to take advantage of Ghana’s easing inflation, improved debt sustainability and upgraded sovereign credit rating to explore investment opportunities in the country. Access Holdings’ nine-month profit dips 6% as cost of funds erodes earnings Gross earnings rose by 2.3 per cent to N4 trillion for the financial services group, which also has operations in pensions, payments and insurance brokerage, and also operates in 24 countries, serving over 63 million customers. Ghana recovers over GH¢18b from audit recommendations within four years – Auditor-General Dr Pamela Graham, the Auditor-General, says the country recovered over GH¢18 billion through the implementation of recommendations contained in audit reports from 2022 to date, as reflected in the Ministry of Finance's 2024 Consolidated Budget Annual Report. LifeTrac Tech, GRATIS Foundation unveil locally assembled tractor to boost farm mechanisation LifeTrac Tech Limited and GRATIS Foundation have unveiled the LifeTrac 6G tractor prototype, a locally fabricated machine aimed at improving agricultural mechanisation and strengthening Ghana’s capacity to manufacture and maintain its own farm equipment. The tractor was launched at the GRATIS Foundation Technology Solution Centre in Tema, following a partnership between the two institutions to […] Ghana requires over 1,000 additional physical planners for effective development planning – Prof Mensah Professor Lord Mensah, the Head of the Local Government Service (LGS) says inadequate personnel remain a major challenge confronting the Physical Planning Departments of the various Metropolitan, Municipal and District Assemblies (MMDAs).