A source within the Economic and Financial Crimes Commission (EFCC) has revealed why the anti-graft agency has yet to release the former governor of Delta State, Ifeanyi Okowa. The source who spoke to The Punch noted that the embattled governor is yet to respond to any of the allegations leveled against him, stressing that the charges are too heavy.... CLICK TO READ THE FULL NEWS HERE▶▶
Okowa, a former vice-presidential candidate, has spent his second night at the Port Harcourt, Rivers State office of the Economic and Financial Crimes Commission.
He was invited and later detained by personnel of the EFCC over the alleged diversion of N1.3 trillion.
“We are still keeping him; he is still with us. The investigation is ongoing, and earlier, he was confronted with some of the allegations against him.”
“We are still keeping him because of the quantum of the allegations and the amount involved. We want him to respond to the allegations,” the source said.
The source also revealed that the former governor was accused of failing to give accounts of another N40 billion he allegedly claimed he used to acquire shares in UTM Floating Liquefied Natural Gas.
“He was also accused of failing to render accounts of the funds as well as another N40 billion he allegedly claimed he used to acquire shares in UTM Floating Liquefied Natural Gas.
“He also allegedly bought shares of N40 billion in one of the major banks in the country, representing eight percent equity to float the offshore LNG. The funds were alleged to be used for other purposes.
“Investigators are also looking into the diversion of funds by the former governor to acquire estates in Abuja and Asaba in Delta State.” However, a source familiar with the matter told our correspondent on Tuesday that the former governor was yet to be released because of the quantum of the allegations against him..… CLICK TO READ THE FULL NEWS HERE▶▶
