Nigeria News
Alleged N700bn fraud: EFCC arrest former Akwa Ibom Gov, Udom Emmanuel
Former Akwa Ibom Governor Udom Emmanuel has been detained by the Economic and Financial Crimes Commission (EFCC) over allegations of a ₦700 billion fraud.
According to The Cable, sources reveal that he was taken into custody shortly after arriving at the EFCC headquarters in Abuja on Tuesday around 12:30 p.m.
Emmanuel visited the EFCC office following an invitation related to accusations of money laundering, fund diversion, and theft brought forward by the civil society group Network Against Corruption and Trafficking (NCAT).
Sources within the EFCC claim that the petition alleges the former governor received ₦3 trillion from the Federation Account over an eight-year span, yet left behind a debt of ₦500 billion along with ongoing projects in Akwa Ibom State valued at ₦300 billion that remain incomplete.
He is also accused of failing to account for ₦700 billion.
At this time, the EFCC has not issued an official statement regarding his arrest.
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