The Economic and Financial Crimes Commission (EFCC) has arrested the former governor of Delta state, Ifeanyi Okowa.
This follows allegations of fraud and the misappropriation of state funds during his tenure as governor to the tune of N1.3 trillion.
According to insiders involved in the investigation, the funds were allegedly diverted between 2015 and 2023.
According to The Cable, Okowa was arrested on Monday in Port Harcourt, the Rivers state capital, when he reported to the EFCC office following an invitation over the matter.
It was also gathered that 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.
The EFCC has not released an official statement detailing the charges against Okowa, but insiders suggest that the interrogation could lead to more significant revelations about financial practices during his administration.
