By Godsgift Olubori
Agents of the Economic and Financial Crimes Commission on Monday arrested former Delta State Governor Ifeanyi Okowa for allegedly misappropriating N1.3 trillion.
The N1.3 trillion represented 13% of the Federation Account Derived Funds from 2015 to 2023. According to a source at the commission, Okowa was at the EFCC office in Port Harcourt, Rivers State, but was later arrested by commission operatives.
One of the sources said: “Mr Okowa was at our office in Port Harcourt at the invitation of investigators investigating the allegations. Then he was arrested. ““He also allegedly bought shares of N40bn in one of the major banks in the country, representing eight per cent equity to float the offshore LNG. The funds were alleged to be used for other purposes.
Another sources have been added as follows: “He was accused of not belonging to the fund account and another Nailer, said he had acquired a gas UTM liquefied liquid liquid.
“Researchers are also investigating the diversion of the former governor’s funds to purchase Delta’s Abuji and Asaba. It is included in the EFCC relaxation room of Port Sal Coat.» »» »».
During the connection, Dele Oyewale, the representative of EFCC, confirmed his arrest, but rejected other comments on the issue.
