KEY POINTS
- Okowa detained over alleged misuse of N1.3 trillion.
- Delta APC supports EFCC’s anti-corruption actions.
- EFCC’s investigation continues amid rising accusations.
Former Delta State Governor Ifeanyi Okowa remains in the custody of the Economic and Financial Crimes Commission (EFCC) in Port Harcourt, Rivers State, marking his second night with the anti-graft agency. The detention follows Okowa’s appearance at the EFCC office on Monday after receiving a formal invitation from investigators. The former governor, who also served as the running mate of the People’s Democratic Party’s (PDP) 2023 presidential candidate, Atiku Abubakar, is being questioned over alleged diversion and mismanagement of N1.3 trillion in public funds during his tenure.
APC backs EFCC’s anti-corruption drive
According to a report by The Punch, the Delta State chapter of the All Progressives Congress (APC) has voiced support for the EFCC’s ongoing probe. According to Valentine Onojeghuo, the Delta APC State Publicity Secretary, the investigation is a critical step toward addressing financial mismanagement in the country. “We in the APC wholeheartedly welcome the arrest of the former governor, who oversaw one of the most concerning cases of financial mismanagement during his eight-year tenure,” said Onojeghuo in a statement released Tuesday. The APC further urged the EFCC to expand its anti-corruption drive to other public officials suspected of financial misconduct.
In his statement, Onojeghuo also criticized Okowa’s administration, alleging that state resources were diverted for personal ventures, including the establishment of a bank, financing of a failed presidential campaign, and securing a successor. He added that the former governor’s actions have saddled Delta State with a high debt profile, earning him the nickname “Borrow Borrow Governor.”
Former governor faces scrutiny over alleged fund diversion
In addition to the alleged N1.3 trillion misappropriation, Okowa reportedly faces accusations of failing to account for N40 billion supposedly allocated for acquiring shares in UTM Floating Liquefied Natural Gas (LNG). Sources claim he used the funds for other undisclosed purposes and allegedly purchased a significant stake in a prominent Nigerian bank, aiming to fund the LNG project. EFCC officials are also probing whether Okowa diverted funds for real estate investments in Abuja and Delta State.
A source familiar with the investigation revealed that Okowa was confronted with the allegations during questioning on Tuesday. “We are still keeping him because of the quantum of the allegations and amount involved. We want him to respond to the allegations,” the source stated. While Okowa’s legal team has yet to issue an official response, the former governor remains detained as the EFCC intensifies its investigation.
The arrest serves as a warning to public officeholders, said Onojeghuo, affirming that no one is above the law, regardless of position or political influence. As Nigeria’s anti-corruption efforts gain momentum, Okowa’s case may set a precedent, underscoring a stronger stance on accountability for former governors and high-ranking officials.
Okowa’s detention has sparked significant public interest, with citizens and political observers closely watching the developments. The outcome of the EFCC’s investigation may shape the trajectory of Nigeria’s anti-corruption fight and its impact on public office holders across the nation.
