{
  "id": 1878379,
  "title": "EFCC recovers N4.48bn diesel allegedly converted by oil firm in Lagos",
  "url": "https://urgent.news/2026/08/19/efcc-recovers-n4-48bn-diesel-allegedly-converted-by-oil-firm-in-lagos",
  "topic": "world",
  "section": "World",
  "published": "2026-08-19T06:23:04.000Z",
  "source": {
    "name": "Daily Post Nigeria",
    "slug": "daily-post-nigeria",
    "url": "https://dailypost.ng/2026/08/19/efcc-recovers-n4-48bn-diesel-allegedly-converted-by-oil-firm-in-lagos/"
  },
  "original_language": "en",
  "account": "The Economic and Financial Crimes Commission (EFCC) in Lagos has recovered approximately N4.48 billion in diesel, valued at 2.3 million litres, allegedly stolen by Mamemo Ibru of Ibafon Oil and Gas. The recovery followed an investigation initiated by Prudent Energy and Services Limited, which alleged that its petroleum products were unlawfully withdrawn from a depot operated by Ibafon Oil and Gas. According to the EFCC, the company reported a significant deficit in its petroleum stock, which later physical inspection confirmed to be 2.36 million litres less than accounted for. The investigation revealed that Ibafon Oil and Gas, a firm involved in purchasing and selling diesel, utilized its storage facility to convert products meant for Prudent Energy for Ibru's personal use. As a result, the suspect surrendered the recovered diesel to Prudent Energy and Services Limited, marking a part of the EFCC's ongoing fight against economic crimes and asset recovery.",
  "summary": "The Economic and Financial Crimes Commission, EFCC, has recovered 2.3 million litres of Automotive Gas Oil, AGO, commonly known as diesel, valued at approximately N4.485 billion, allegedly diverted from Prudent Energy and Services Limited by Mamemo Ibru of Ibafon Oil and Gas in Lagos. The recovery followed an investigation launched by the anti-graft agency after […] EFCC recovers N4.48bn diesel…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}