EFCC Nabs Ex-Governor Emmanuel for Alleged ₦700bn Fraud
Officers from the Economic and Financial Crimes Commission (EFCC) arrested a former governor of Akwa Ibom State, Udom Emmanuel, over an N700 billion fraud allegation.
As stated, shortly upon his arrival at the EFCC headquarters in Abuja on Tuesday at about 12:30 p.m., the former governor was placed under arrest.
Emmanuel was present at the EFCC headquarters to respond to an invitation concerning the accusation of money laundering, diversion of funds, and stealing laid against him by the Network Against Corruption and Trafficking (NCAT), which is a civil society organization (CSO).
A source who would not be named because he is not authorized to speak on the subject told our correspondent that Emmanuel was arrested after answering the EFCC’s invitation to respond to allegations of money laundering, diversion of funds, and stealing.
“We have arrested the former governor of Akwa Ibom over an alleged N700 billion fraud.”
He noted, “The petitioner alleged Emmanuel received N3 trillion from the Federation Account over eight years, but left behind a debt profile of N500 billion and unpaid ongoing projects worth N300 billion. He was also alleged to be unable to account for N700 billion.
“And Emmanuel came in here precisely at half past twelve and was arrested a short while later.”
The source further disclosed that investigations revealed a withdrawal of N31 billion cash from one account named Office of the Governor.
“In cash over N31 billion was withdrawn in one single account. The name of the account is Office of the Governor,” he stated. The withdrawals occurred from 2019 to 2023.”
To reach out to the EFCC’s Head of Media and Publicity, Dele Oyewale, proved abortive as calls to his number confirmed it was switched off at the time of filing this report.
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