Monday, 07 September 2026
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Nigeria News from Nigeria · WORLD EUROS
Nº 58 Monday, 07 September 2026
Crime

Police SFU Investigates Billion-Dollar Fraud Allegations in Nigerian Oil and Gas Sector

Police SFU Investigates Billion-Dollar Fraud Allegations in Nigerian Oil and Gas Sector
Sources: Head Topics

The Police Special Fraud Unit (SFU) in Lagos is investigating potential large-scale fraud within the Nigerian oil and gas industry. The investigation was triggered by a complaint regarding a contract suspected to have been improperly inflated by more than $90 million. Despite efforts to impede the inquiry, the SFU is proceeding to uncover the full extent of the alleged financial misconduct.

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