Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested former Delta State governor, Ifeanyi Okowa, over allegations of diverting N1.3 trillion in state funds.
Okowa, who also served as the Vice Presidential candidate of the Peoples Democratic Party (PDP) in the 2023 elections, was taken into custody on Monday at the Port Harcourt division of the EFCC. According to officials, the funds in question were part of the 13 percent derivation allocation designated for oil-producing states.
EFCC spokesperson, Dele Oyewale, confirmed Okowa’s detention in a phone interview with The Gazette.
The former governor is accused of using his position to embezzle state funds and acquire assets worth N1.3 trillion. These assets allegedly include significant shares in UTM Floating Liquefied Natural Gas Company, as well as other investments in the oil sector
