Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Udom Emmanuel, a former governor of Akwa Ibom, over an alleged N700 billion fraud.
TheCable reported that Emmanuel was taken into custody shortly after arriving at the EFCC headquarters in Abuja around 12:30 pm on Tuesday.
He was at the commission’s office to honour an invitation.
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Emmanuel’s arrest follows a petition by the Network Against Corruption and Trafficking (NCAT), a civil society organisation, accusing him of money laundering, diversion of funds and theft.
According to EFCC sources, the petition claimed that Emmanuel’s administration received N3 trillion from the Federation Account over eight years but left Akwa Ibom with a N500 billion debt profile and N300 billion in unpaid projects.
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The former governor has also been accused of failing to account for N700 billion.
The petitioner claims to have audited financial records which revealed large-scale embezzlement during Emmanuel’s tenure.
As of press time, the EFCC has yet to release an official statement on the former governor’s questioning or arrest.
The post UPDATED: Udom Emmanuel in EFCC Net Over N700bn Fraud appeared first on Foundation For Investigative Journalism.