EFCC arrests ex-Delta governor Ifeanyi Okowa over N1.3 trillion oil derivation fraud

The vice presidential candidate was accused of using the loot to acquire massive shares in UTM Floating Liquefied Natural Gas Company, among other investments in the oil sector.

Officials said that the former Delta governor was taken into custody at the Port-Harcourt division of the anti-graft office. Spokesman Dele Oyewole confirmed the detention of the politician to The Gazette by telephone.

Mr Okowa, vice-presidential candidate to former vice-president Atiku Abubakar on the platform of the main opposition Peoples Democratic Party in the 2023 general elections, was said to have used his office as governor to loot and acquire assets up to N1.3 trillion.

Some of the assets included massive shares in UTM Floating Liquefied Natural Gas Company, among other investments in the oil sector. 

It was unclear whether or not Mr Okowa had contacted his lawyer.