The Economic and Financial Crimes Commission has detained former Delta State Governor Ifeanyi Okowa over alleged misappropriation of N1.3 trillion in oil derivation funds received between 2015 and 2023. The investigation includes a N40 billion investment in UTM Offshore Limited’s floating gas project and suspected property acquisitions in Abuja and Asaba.
Okowa, who voluntarily appeared at the commission’s Port Harcourt office, is yet to provide adequate documentation for the funds’ usage, according to EFCC sources.
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