Post by Henry Emeka (@Emekus)

Where the money actually went (based on available data)
Public records show the money went to:

Contractors
Saipem S.p.A. Italy

Saipem Contracting Nigeria Ltd

Other subcontractors for engineering, procurement, and construction

What the money covered
Engineering designs

Procurement of equipment

Partial installation

Site preparation

Consultancy

Project management

Payments for mobilization

https://tgnews.com.ng/after-2-39bn-flop-nnpcl-signs-fresh-contract-for-completion-of-ph-warri-refineries/?utm_source=copilot.com


https://www.channelstv.com/2026/05/04/nnpc-signs-mou-for-completion-operation-of-warri-port-harcourt-refineries/?utm_source=copilot.com

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