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From Fred Itua, Abuja
Operatives of the Economic and Financial Crimes Commission (EFCC), yesterday arrested Ifeanyi Okowa, the immediate-past governor of Delta state.
The former Peoples Democratic Party (PDP) vice presidential candidate in the 2023 general elections, was arrested over alleged diversion of N1.3 trillion.
Daily Sun gathered that the amount is part of the 13 percent derivation fund set aside for oil-producing states, including Delta State.
Sources in EFCC, told Daily Sun that the funds were allegedly diverted between 2015 and 2023.
The former governor, Okowa, was arrested yesterday in Port Harcourt, the Rivers state capital, when he reported to the EFCC office following an invitation over the matter.
The former governor is also being probed over another N40 billion allegedly used to acquire shares in UTM Floating Liquefied Natural Gas — a facility being developed by UTM Offshore Limited in Akwa Ibom state.
Okowa was said to have failed to account for the utilisation of the alleged funds. The anti-graft agency is also investigating Okowa over the alleged diversion of funds “to acquire estates in Abuja and Asaba.”
