BREAKING: Ex-Governor Ifeanyi Okowa Arrested By EFCC [DETAILS]—-The Economic and Financial Crimes Commission (EFCC) has arrested former Delta State governor, Ifeanyi Okowa, over alleged embezzlement of funds during his administration.
The Genius Media Nigeria reports that Okowa was also the running mate to Peoples Democratic Party candidate in the 2023 presidential election, Alhaji Atiku Abubakar.
Under his administration, the former governor was alleged to have diverted N1.3trillion 13% derivation fund from the federation account between 2015 and 2023.
Sources said the former governor was arrested on Monday, November 4, 2024 in Port Harcourt, Rivers State when he reported at the Port Harcourt Directorate of the EFCC on the invitation of investigators handling his case.
The former governor was alleged to have failed to render accounts of the funds as well as another N40 billion he allegedly claimed was used to acquire shares in UTM Floating Liquefied Natural Gas.
Specifically, Okowa allegedly bought N40billion shares in one of the major banks in the country representing 8% equity to float the offshore LNG. The funds were alleged to be used for other purposes.
Investigators are also looking into the diversion of funds by the former governor to acquire estates in Abuja and Asaba in Delta state during his tenure in the state.
He is being held at the EFCC holding facility in Port Harcourt.
