Operatives of the EFCC have arrested Ibanga Ime Akpabio, cousin to the former Akwa Ibom Governor, Godswill Akpabio for his involvement in a N10 million oil scam.
In a statement by the commission made available to newsmen on Wednesday, it said Ibanga was arrested in Port Harcourt, Rivers State.
“Ibanga Akpabio’s arrest was occasioned by an allegation that he collected a sum of N10 million from a potential investor in petroleum products.”
“Specifically, he reportedly approached the investor to invest the money as equity in the purchase of petroleum products directly from a floating station belonging to the Nigerian National Petroleum Corporation, NNPC.
“He allegedly assured the inventor that he had secured all necessary approvals for the running of the business. He allegedly collected the money through a Diamond Account being operated by Fastej Enterprises and neither kept faith with the business arrangements with the investor nor returned his money to him.
He is urgently undergoing interrogation in the Port Harcourt’s Zonal office of the EFCC.” Ibanga Akpabio is the current deputy chairman of the People’s Democratic Party (PDP) in Akwa Ibom state.
