A former Managing Director of the Warri Refining and Petrochemical Company Limited, Jimoh Yisawu, was on Monday arraigned before the Federal High Court in Abuja over alleged money laundering. Yisawu, who is standing trial on an eight-count charge, was subsequently granted bail in the sum of N500 million. The charge, dated June 22, 2026, was filed by the Federal Government through its lead prosecution counsel, Ekele Iheanacho (SAN). Iheanacho told the court that the defendant allegedly committed offences contrary to the provisions of the Money Laundering (Prevention and Prohibition) Act, 2022. The judge, therefore, granted him bail in the sum of N500 million with one surety in like sum.