The Economic and Financial Crimes Commission (EFCC) has detained the vice presidential candidate for the Peoples Democratic Party (PDP) and immediate-past governor of Delta State, Ifeanyi Okowa.
The anti-graft agency is reported to have detained Okowa in Port Harcourt, Rivers State capital, for allegedly diverting part of N1.3 trillion and 13 per cent derivation fund allocated to the state between 2015 and 2023.
Sources at the commission said that the former governor was being investigated for alleged diversion of funds meant to acquire estates in Abuja and Asaba in Delta state.
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EFCC Spokesperson, Dele Oyewale, confirmed Okowa’s arrest to journalists on Monday night.
Okowa was arrested after honouring an invitation extended to him by the operatives handling his case in Port Harcourt zonal office of the commission.
The EFCC is investigating alleged diversion of N40 billion to acquire shares in UTM Floating Liquefied Natural Gas
The former governor was alleged to have bought N40 billion worth of shares in one of the major banks in the country representing eight per cent equity to float the offshore LNG.
