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HomeGistEFCC arrests ex-Delta Gov Ifeanyi Okowa

EFCC arrests ex-Delta Gov Ifeanyi Okowa

Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested a former Governor of Delta State, Ifeanyi Okowa.

The former governor was arrested over accusations of misusing funds.

Men of the anti-graft agency arrested the former governor over alleged diversion of N1.3 trillion.

The amount is said to be part of the 13 percent derivation fund earmarked for oil-producing states.

The funds were allegedly diverted between 2015 and 2023.

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According to the report, Okowa was arrested in Port Harcourt, the Rivers State capital, when he reported to the EFCC office following an invitation over the matter.

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He is 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”.

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