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Alleged N700bn fraud: Ex-Akwa Ibom governor Emmanuel in EFCC custody

The Economic and Financial Crimes Commission (EFCC) has arrested the immediate past governor of Akwa Ibom State, Udom Emmanuel, over alleged N700 billion fraud.

A senior official of the anti-graft agency told The Star that Emmanuel honoured an invitation from the EFCC.

The source added that the former governor arrived the Abuja headquarters of the EFCC at about 1p.m. on Tuesday, March 4, 2025.

The former governor was accused of money laundering, diversion of funds and stealing.

A petition against him was authored by a civil society organisation (CSO), the Network Against Corruption and Trafficking (NCAT).

The petitioners alleged that the Emmanuel administration received federal allocation of about N3 trillion, yet left N500 billion debt profile and outstanding payment of N300 billion on ongoing projects in the state.

They alleged that the former governor is unable to account for N700 billion.

A source told The Star that EFCC operatives are still grilling the former governor as at 7p.m.

It is not clear if the former governor would be granted administrative bail.

The Star

Editor

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