The Economic and Financial Crimes Commission (EFCC) has vowed to press charges against Mr Nsima Ekere, former Managing Director of the Niger Delta Development Commission (NDDC).
The 56-year-old politician, was arrested on Wednesday by operatives of the Commission for alleged diversion of N47 billion through registered contractors of the agency while he was in office between 2016 and 2018.
EFCC spokesman, Wilson Uwajaren dropped the hint during Channels Television interview on Wednesday.
He was however silent on the date the suspect would appear in court.
Nsima was the governorship Candidate of the All Progressives Congress (APC) in Akwa Ibom in 2019 general elections.
On Wednesday, the Minister of Finance, Zainab Ahmed, announced the suspension of the embattled Accountant-General of the Federation, Ahmed Idris.
Idris was arrested on Monday by the anti graft agency over alleged N80 billion fraud.