Alleged Multibillionaire Fraud: EFCC Arrests, Quizzes Ex-Delta State Governor, Okowa

By: The New Diplomat

Cat:

November 4, 2024

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By Abiola Olawale

The immediate-past Governor of Delta State, Ifeanyi Okowa has found himself in some trouble as he has reportedly been arrested by operatives of the Economic and Financial Crimes Commission (EFCC).

Okowa was reportedly arrested on Monday in Port Harcourt, Rivers State when he reported to the EFCC office following an invitation over the matter.

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Reports emerging on Monday revealed that Okowa is reportedly being grilled by the EFCC over inappropriate spendings and alleged fraud during his administration as governor of Delta State.

A source who spoke with the press on the matter said the EFCC is reportedly investigating an alleged diversion of N1.3 trillion of derivation funds belonging to oil producing communities during the tenure of Okowa.

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The alleged amount is said to be part of the 13 per cent derivation fund earmarked for oil-producing communities.

According to insiders involved in the investigation, the funds were allegedly diverted between 2015 and 2023.

The anti-graft agency is also reportedly investigating Okowa over the alleged diversion of funds “to acquire estates in Abuja and Asaba”.

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The New Diplomat reports that Okowa was governor of Delta State from 2015 to 2023.

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