Operatives from the Economic and Financial Crimes Commission (EFCC) have arrested former Akwa Ibom State Governor, Udom Emmanuel, over an alleged ₦700 billion fraud.
Emmanuel was taken into custody on Tuesday after honoring an EFCC invitation at the commission’s headquarters to respond to allegations of money laundering, fund diversion, and theft. The petition was filed by the Network Against Corruption and Trafficking (NCAT).
Sources revealed that investigations uncovered a series of suspicious transactions, including a cash withdrawal of ₦31 billion from a single account named “Office of the Governor.” The funds were allegedly withdrawn in phases between 2019 and 2023.
The petitioner further claimed that during his eight-year tenure, Emmanuel received ₦3 trillion from the Federation Account but left a staggering debt profile of ₦500 billion and uncompleted projects worth ₦300 billion. He is accused of failing to account for ₦700 billion.
As of now, EFCC operatives are still interrogating the former governor, while the commission continues its investigation. Efforts to reach EFCC spokesperson Dele Oyewale for comments were unsuccessful.
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