Operatives of the Economic and Financial Crimes Commission have arrested a former governor of Delta State, Dr Ifeanyi Okowa.
Okowa was arrested over accusations of misusing funds and alleged diversion of N1.3 trillion.
It was learnt that the money was part of the 13 percent derivation fund earmarked for oil-producing states.
It was allegedly diverted between 2015 and 2023.
Okowa was reportedly arrested in Port Harcourt, Rivers State, when he reported to the EFCC office following an invitation over the matter.
He is being probed over another N40 billion allegedly used to acquire shares in UTM Floating Liquefied Natural Gas, a facility being developed by UTM Offshore Limited in Akwa Ibom State.
The former governor, it was gathered, failed to account for the utilisation of the funds.
EFCC is also said to be investigating Okowa over the alleged diversion of funds “to acquire estates in Abuja and Asaba”.
