The North bridge cooling fan had an issue and when I tried to fix it (had to take out the PCI Express video card out to get the fan off to fix, oil, it)
Generally when fans fail in computers, if you have to add oil, you might buy some time, but the fan is likely not going to last very long. Oil likes to collect dust, and it may spin free now, but in a few months it may seize up again and burn up the north bridge when this goes unnoticed. I'd find a replacement fan and replace it with new. Even if its an odd size fan, I have always been able to find an exact or close enough replacement with voltage and mounting dimensions being the most important details, and RPM's being the lesser important unless it was a roaster chip to begin with and needs high RPM's for max airflow.
Just a bit ago I decided to take the power supply out and see if I can find a reset button. I noticed the wire to the power supply fan isn't hooked up to any thing. I think this is the fan the tech unplugged. I couldn't find any where to plug it in so I unplugged one of the case fans and put it back together. It still won't start.
I have yet to find a PC power supply with a thermal overload reset. Also if you have a cooked electronic stench then something has been damaged. Even if it did boot up after this smell, I'd make sure my home insurance is up to date for fire coverage. Any power supply that has a smell like that needs to get tossed out.
As far as a tech unplugging a power supply fan which is internal to the power supply itself
. I would seriously never bring anything else to that guy to work on!!! If this is what he truly did!
A good tech would have either replaced the power supply or replaced the fan that had an issue to have to become disconnected to get the computer to boot, with swapping out the power supply as the best method, but replacing a troubled fan being the cheap way out if the PSU was healthy still and a new fan was available that could install into it, or another good used fan could be extracted from an older power supply and placed in place of the original troubled fan that could fix this cheaply and properly.
Right now your looking at installing a new Power supply, and hopefully nothing else is cooked.