Operatives of the Economic and Financial Crimes Commission
(EFCC) have arrested Ifeanyi Okowa, the former governor of Delta state.
Okowa was arrested over the alleged diversion of N1.3
trillion.
The amount is said to be part of the 13 percent derivation
fund earmarked for oil-producing states.
According to insiders involved in the investigation, the
funds were allegedly diverted between 2015 and 2023.
Okowa was arrested on Monday in Port Harcourt, the Rivers
state capital, when he reported to the EFCC office following an invitation over
the matter.
TheCable reports that the former governor is also being
probed over another N40 billion allegedly used to acquire shares in UTM
Floating Liquefied Natural Gas — a facility being developed by UTM Offshore
Limited in Akwa Ibom state.
The former governor was said to have failed to account for the utilisation of the funds.
The anti-graft agency is also investigating Okowa over the
alleged diversion of funds “to acquire estates in Abuja and Asaba”.
Okowa, who is being held at the EFCC holding facility in
Port Harcourt, was governor of Delta state from 2015 to 2023.
He was succeeded by Sheriff Oborevwori.
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