By Adesina Soyooye
After two days in the custody of the Economic and Financial Crimes Commission, EFCC, the immediate past Governor of Delta State, Dr. Ifeanyi Okowa, has been granted an administrative bail.
Okowa, who was, also, the Vice Presidential Candidate for the Peoples Democratic Party, PDP, in the 2023 Presidential Election, was arrested and detained by the EFCC when he went to the Commission’s Port, Harcourt Zonal office November 4, on invitation.
On arrival, he was slammed with sundry allegations including an alleged diversion of N1.3 trillion from 13% derivation fund from the federation account between 2015 and 2023, the period he was the Governor of Delta State.
Okowa, sources close to him said, was released on administrative bail at about 9.00pm on Wednesday.
Aside from the derivation funds, Dr. Okowa, also, handled, untidely, another N40 billion claimed to have been used to acquire shares in UTM Floating Liquefied Natural Gas.
Okowa, it is alleged, bought shares worth N40 billion in a major bank in the country which represent 8% equity to float the offshore LNG.
However, the funds were alleged to be used for other purposes, among which was the acquiring of personal estates in Abuja and Asaba, the capital of Delta State.
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