Brass Refinery: Oil magnate Akintoye remanded over alleged diversion on $26m

Akintoye and Platform Capital Investment Partners Limited were alleged to have, between December, 2020 and February, 2021, indirectly retained 16 million dollars. The amount, the EFCC said, was part of the funds dishonestly converted from the money paid by the Nigerian Content Development and Monitoring Board (NCDMB) Capacity Development Intervention Company Ltd to Atlantic International Refinery and Petrochemical Limited as investment. The said sum of $16, 006, 000 is alleged to constitute proceed of unlawful activity.