{"id":3216,"date":"2024-11-04T20:32:29","date_gmt":"2024-11-04T20:32:29","guid":{"rendered":"https:\/\/coastaltimes.com.ng\/index.php\/2024\/11\/04\/breaking-former-delta-governor-ifeanyi-okowa-arrested-by-efcc-over-alleged-diversion-of-n1-3trn\/"},"modified":"2024-11-04T20:32:29","modified_gmt":"2024-11-04T20:32:29","slug":"breaking-former-delta-governor-ifeanyi-okowa-arrested-by-efcc-over-alleged-diversion-of-n1-3trn","status":"publish","type":"post","link":"https:\/\/coastaltimes.com.ng\/index.php\/2024\/11\/04\/breaking-former-delta-governor-ifeanyi-okowa-arrested-by-efcc-over-alleged-diversion-of-n1-3trn\/","title":{"rendered":"BREAKING: Former Delta Governor, Ifeanyi Okowa Arrested By EFCC Over Alleged Diversion Of N1.3trn"},"content":{"rendered":"\n

By Freeborn Abraye <\/strong><\/p>\n\n\n\n

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested a former Governor of Delta State, Ifeanyi Okowa, for alleged diversion of N1.3 trillion 13% derivation fund from the federation account between 2015 and 2023.<\/p>\n\n\n\n

Okowa was arrested on Monday, November 4, 2024, in Port Harcourt, Rivers State, when he reported at the Port Harcourt Directorate of the EFCC on the invitation of investigators handling his matter.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Investigators are also investigating the diversion of funds by the former governor to acquire estates in Abuja and Asaba in Delta state.<\/p>\n\n\n\n

He is being held at the EFCC holding facility in Port Harcourt.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Freeborn Abraye Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested a…<\/p>\n","protected":false},"author":2,"featured_media":3215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[13],"tags":[789,790],"class_list":["post-3216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-breaking-former-delta-governor","tag-ifeanyi-okowa-arrested-by-efcc-over-alleged-diversion-of-n1-3trn"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2024\/11\/img_8949-1-1.jpg?fit=738%2C416&ssl=1","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":1035,"url":"https:\/\/coastaltimes.com.ng\/index.php\/2021\/11\/17\/education-chief-mulade-applauds-governor-okowa-for-upgrade-of-burutu-school-of-marine-technology\/","url_meta":{"origin":3216,"position":0},"title":"EDUCATION: Chief Mulade Applauds Governor Okowa For Upgrade Of Burutu School Of Marine Technology","author":"Coastal Times","date":"November 17, 2021","format":false,"excerpt":"Coastal News The Country Director and CEO of Center for Peace and Environmental Justice-CEPEJ, Chief (Comrade) Sheriff Mulade on Wednesday November 17, 2021, commended Governor Ifeanyi Okowa of Delta State for the upgrade and transfer of the School of Marine Technology, Burutu, from the Ministry of Transport to that of\u2026","rel":"","context":"In "Education"","block_context":{"text":"Education","link":"https:\/\/coastaltimes.com.ng\/education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/11\/fb_img_1616862485097_1.jpg?fit=600%2C455&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/11\/fb_img_1616862485097_1.jpg?fit=600%2C455&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/coastaltimes.com.ng\/wp-content\/uploads\/2021\/11\/fb_img_1616862485097_1.jpg?fit=600%2C455&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":567,"url":"https:\/\/coastaltimes.com.ng\/index.php\/2021\/09\/28\/hold-gov-okowa-responsible-for-any-breakdown-of-law-order-in-delta__creek-dragons-tells-buhari\/","url_meta":{"origin":3216,"position":1},"title":"“Hold Gov Okowa Responsible For Any Breakdown Of Law, Order In Delta”__Creek Dragons Tells Buhari","author":"Coastal Times","date":"September 28, 2021","format":false,"excerpt":"Coastal News In what could seem to be the sound of trouble in Delta State, a dreaded militant group has resurfaced after almost a year of hibernation but this time with a daring message to His Excellency, Sen. 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