EFCC grills Okowa over alleged N1.3trn fraud

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested and detained former governor of Delta State, Ifeanyi Okowa over the alleged diversion of N1.3 trillion government funds while in office.

The two term former Governor who governed the State between May 29th 2015 and 2023, was arrested on Monday when he honoured the invitation of the agency office in Port Harcourt.

TheCable reports that the amount is said to be part of Delta State share from the 13 percent derivation fund earmarked for oil-producing States.

TheNewspad reports that the amount is believed to be part of the funds he allegedly used to acquire shares in UTM Floating Liquefied Natural Gas — a facility being developed by UTM Offshore Limited in Akwa Ibom State.

Sources said Okowa is cooperating with the EFCC and has made useful statement in the ongoing investigation in relation to the estates he acquired in Abuja and Asaba, Delta State.