The Economic and Financial Crimes Commission (EFCC) has arrested former Delta State Governor Ifeanyi Okowa amidst allegations of diverting a staggering N1.3 trillion. This development comes after intense pressure from various groups, including an anti-corruption organization and Delta oil communities, urging the EFCC to investigate Okowa’s financial dealings during his tenure.
Allegations Against Okowa
- Diversion of N1.07 trillion from the 13% oil derivation fund
- Unaccounted N600 billion borrowed funds
- Left a debt profile of N480 billion
- Unpaid ongoing projects worth over N150 billion
The EFCC’s move is seen as a significant step towards addressing the widespread corruption concerns surrounding Okowa’s administration. As investigations unfold, more details are expected to emerge.
Stay tuned for updates on this developing story.
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