Former Delta State governor Ifeanyi Okowa remains in the custody of the Economic and Financial Crimes Commission (EFCC) for the second night following his detention at the EFCC’s Port Harcourt office. Okowa, who was the 2023 vice-presidential candidate for the People’s Democratic Party (PDP), was detained after reporting to the EFCC on Monday. Investigators allege he diverted N1.3 trillion in state funds.
Additional accusations involve an unaccounted N40 billion reportedly used to acquire shares in UTM Floating Liquefied Natural Gas, as well as shares worth N40 billion in a major bank, intended to fund an offshore LNG. Investigators are also probing the alleged purchase of estates in Abuja and Asaba.
The Delta State chapter of the All Progressives Congress (APC) endorsed Okowa’s detention, describing it as an essential step in fighting corruption. APC State Publicity Secretary Valentine Onojeghuo highlighted that Okowa’s tenure allegedly saw significant misuse of state resources and high debt, warning public officials against impunity.
Ongoing investigations are expected to uncover more details about Okowa’s financial dealings and alleged mismanagement during his eight-year administration.
