EFCC detains former Gov. Okowa over alleged fraud

The Economic and Financial Crimes Commission (EFCC) has detained the immediate-past governor of Delta State, Ifeanyi Okowa.

Okowa was reportedly detained by operatives of the anti-graft agency in Port Harcourt, Rivers State capital, for alleged diversion of part of N1.3 trillion and 13% derivation fund allocated to the state between 2015 and 2023.

Spokesperson for the EFCC, Dele Oyewale, confirmed Okowa’s arrest to journalists on Monday.

Okowa was arrested after honouring an invitation extended to him by operatives handling his case in Port Harcourt zonal office of the commission.

According to reports, the former governor is being investigated for alleged diversion of funds to acquire estates in Abuja and Asaba in Delta state.

The former governor was alleged to have bought N40 billion worth of shares in one of the major banks in the country representing 8% equity to float the offshore LNG.