Former Akwa Ibom State Governor, Udom Emmanuel, has been taken into custody by operatives of the Economic and Financial Crimes Commission (EFCC) over allegations of a N700 billion fraud.
Emmanuel was reportedly arrested on Tuesday after honoring an invitation from the EFCC headquarters to respond to allegations of money laundering, fund diversion, and theft. The petition against him was filed by the Network Against Corruption and Trafficking (NCAT). He arrived at the EFCC office around 12:30 p.m.
According to EFCC investigations, N31 billion was allegedly withdrawn in cash from a single account named “Office of the Governor” between 2019 and 2023. The petition further claims that during Emmanuel’s eight-year tenure, he received N3 trillion from the Federation Account but left the state with a N500 billion debt profile and N300 billion in unpaid projects.
The EFCC is currently interrogating Emmanuel as investigations continue.
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