DELTA: The Economic and Financial Crimes Commission
(EFCC) has detained former Delta State Governor Ifeanyi Okowa over allegations
of siphoning over N1.3 trillion in 13% derivation funds between 2015 and 2023.
Okowa reportedly surrendered to the EFCC’s Port Harcourt office on Monday
following an invitation from investigators.
An EFCC source disclosed to Channels Television that
Okowa is under investigation for allegedly using state funds to acquire
high-value estates in Abuja and Asaba. “The allegations involve substantial
misappropriation of funds meant for the people of Delta,” the source said.
Additionally, Okowa is accused of diverting N40
billion to purchase equity in a major bank for UTM Floating Liquefied Natural
Gas (LNG) projects. These acquisitions, according to sources, were allegedly
financed with funds initially allocated for state development initiatives.
Okowa, who served as the running mate to PDP’s Atiku
Abubakar in the 2023 presidential election, is being held at the EFCC’s Port
Harcourt facility as investigations continue.
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