By Akinwale Kasali
Emmanuel Udom, Former Akwa Ibom State Governor, has been arrested by operatives of the Economic and Financial Crimes Commission, EFCC, over an alleged N700 billion fraud.
Udom governed Akwa Ibom for two terms. He succeeded Senate President, Godswill Akpabio from 2015 till 2023.
Udom arrived at the EFCC Headquarters in Abuja on Tuesday afternoon following an invitation from the anti-graft agency.
Sources informed the Magazine that Udom was arrested after honoring the EFCC’s invitation to answer allegations of money laundering, diversion of funds, and stealing.
The Source said, “We have arrested the former Governor of Akwa Ibom over an alleged N700 billion fraud.
“A civil society organisation called the Network Against Corruption and Trafficking petitioned the EFCC, prompting our investigation.
“The petitioner alleged that Udom received N3 Trillion from the Federation Account over eight years but left behind a debt profile of N500 billion and unpaid ongoing projects worth N300 billion.
He was also alleged to be unable to account for N700 Billion.
The source further revealed that investigations uncovered the withdrawal of N31 billion in cash from a single account named “Office of the Governor.”
He added: “Other investigations have uncovered the withdrawal of N31bn in cash in one single account. The name of the account is Office of the Governor. The money was withdrawn in cash progressively between 2019 and 2023.”
EFCC’s Head of Media and Publicity, Dele Oyewale, is yet to comment on this development.
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