Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested a former governor of Akwa Ibom State, Udom Emmanuel, over an alleged N700 billion fraud.
According to reports, the former governor was taken into custody shortly after he arrived at the EFCC headquarters in Abuja on Tuesday around 12:30 pm.
Emmanuel was at the EFCC headquarters to honour an invitation over the allegation of money laundering, diversion of funds and stealing preferred against him by Network Against Corruption and Trafficking (NCAT), a civil society organisation (CSO).
A source who spoke on condition of anonymity because he was not authorised to speak to the press, told our correspondent that Emmanuel was arrested after honoring the EFCC’s invitation to answer allegations of money laundering, diversion of funds, and stealing.
“We have arrested the former governor of Akwa Ibom over an alleged N700 billion fraud.
“A civil society organisation called the Network Against Corruption and Trafficking petitioned the EFCC, prompting our investigation,” the source said.
He added, “The petitioner alleged that 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.
“Emmanuel arrived at our office around 12:30 p.m. and was arrested shortly after.”
The source further revealed that investigations uncovered the withdrawal of N31 billion in cash from a single account named “Office of the Governor.”
He added, “Over investigations have uncovered the withdrawal of N31bn in cash in one single account. The name of the account is Office of the Governor. The money was withdrawn in cash progressively between 2019 and 2023.”
Efforts to reach the EFCC’s Head of Media and Publicity, Dele Oyewale, were unsuccessful, as calls to his number indicated that it was switched off at the time of filing this report.
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