Operatives of the Corporate Headquarters of the Economic and Financial Crimes Commission, EFCC, have arrested former Governor of Akwa Ibom State, Udom Emmanuel for alleged N700 billion fraud.
He was arrested after honouring an invitation of the EFCC on Tuesday to answer to allegations of money laundering, diversion of funds and stealing preferred against him by the Network Against Corruption and Trafficking, NCAT.
Sources close to the Commission said Udom Emmanuel arrived the EFCC’s office around 12:30pm.
The sources also say the Commission’s investigations have uncovered the withdrawal of N31 billion 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 The money was withdrawn in cash progressively between 2019 and 2023.
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The petitioner alleged that Emmanuel received N3 trillion from the Federation Account in eight years but left 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.
The EFCC’s investigations are ongoing with Emmanuel being grilled by operatives.
EFCC’s Spokesperson, Dele Oyewale, could however not be reached when contacted.
(Editor: Terverr Tyav)
