Former Delta State Governor Ifeanyi Okowa Arrest surface the internet. Okowa has been arrested by the Economic Financial Crime Commission (EFCC)after it was discovered he allegedly diverted N1.3 trillion of 13 percent derivation from oil-producing states in Nigeria.
According to someone inside, the diversion of funds began in 2015 to 2023. The EFCC had invited the former governor before now.
But ex-Governor Ifeanyi Okowa was arrested and detained on Monday in Port Harcourt, River State.
“Okowa was at our Port Harcourt office following an invitation from investigators probing the allegations against him.
He was then arrested. The commission is investigating him regarding the N1.3 trillion 13% derivation fund from the federation account between 2015 and 2024. He is also accused of failing to account for the funds and another N40 billion he allegedly claimed was used to acquire shares in UTM Floating Liquefied Natural Gas.
He reportedly bought shares worth N40 billion in one of the country’s major banks, representing an 8% equity stake, to support the offshore LNG project. The funds are alleged to have been misappropriated for other purposes.
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“Investigators are also examining the alleged diversion of funds by the former governor to acquire estates in Abuja and Asaba, Delta State. He is currently being held at the EFCC facility in Port Harcourt.”023. Said one of the sources.
Nigerian Reaction to Ex-Governor Ifeanyi Okowa Arrest
Simon Emmanuel
Audio news without any serious reaction, as far he is an APC member the sin will be forgive, that’s there slogan …
Amadi Nonso
This is pure wickedness.. money that him and his unborn generation cannot spend in their lifetime one man just carried everything.
The only way Nigeria can be great again is if we use the capital punishment for looters jus like china and some other countries
Taiwo Segun Sunday
Na within Lagos state government dey scared about b this oo but why opposition parties are always easy to arrest?
Mohammed Rufa’i Idris
Because he is from the opposition party that’s why EFCC arrested him,
What happened to Yahya Bello….??
