BREAKING: Reason why EFCC Arrests Former Governor Okowa Over Alleged Diversion of N1.3 Trillion

BREAKING: Reason why  EFCC Arrests Former Governor Okowa Over Alleged Diversion of N1.3 Trillion

The former governor was alleged to have failed to render accounts of the funds as well as another N40 billion he allegedly claimed he used to acquire shares in UTM Floating Liquefied Natural Gas.

Specifically, Okowa allegedly bought shares worth N40 billion in one of the major banks in the country representing 8% equity to float the offshore LNG. The funds were alleged to be used for other purposes.

Investigators are also investigating the diversion of funds by the former governor to acquire estates in Abuja and Asaba in Delta state.

He is being held at the EFCC holding facility in Port Harcourt.