Ifeanyi Okowa is arrested by the EFCC for allegedly diverting N1.3 trillion.
By: Ogulagha Vanguards
Ifeanyi Okowa, the former governor of Delta State, was arrested by Economic and Financial Crimes Commission agents on Monday in connection with the purported diversion of N1.3 trillion.
According to reports, the N1.3 trillion is the 13% derivation fund from the federation account from 2015 to 2023.
Okowa was at the EFCC office in Port Harcourt, Rivers State, where he was later taken into custody by agents, according to commission sources.
Okowa was at our Port Harcourt office after an invitation from investigators looking into the allegations against him,” according to one of the sources. Then he was taken into custody. Regarding the N1.3 trillion 13% derivation fund from the federation account between 2015 and 2023, the panel is looking into him.
On November 4, 2024, Okowa, the former Delta governor, is arrested by the EFCC for alleged fraud.
Okowa was at our Port Harcourt office after an invitation from investigators looking into the allegations against him,” according to one of the sources. Then he was taken into custody. Regarding the N1.3 trillion 13% derivation fund from the federation account between 2015 and 2023, the panel is looking into him.
In addition, he is charged with not accounting for the N40 billion he purportedly used to purchase shares of UTM Floating Liquefied Natural Gas. According to reports, he purchased N40 billion worth of shares in one of the nation’s largest banks, which amounts to an 8% ownership position in the offshore LNG project. The money is said to have been embezzled and used for other things.
The alleged misappropriation of funds by the previous governor to purchase property in Delta State’s Abuja and Asaba is also being investigated by investigators. He is being detained at the EFCC facility in Port Harcourt at the moment.
A representative for the EFCC, Dele Oyewale, confirmed the arrest when reached but declined to say further.
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