EFCC Arrests Ex-Akwa Ibom Governor Udom Emmanuel Over Alleged N700bn Fraud

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Udom Emmanuel, the former governor of Akwa Ibom State, over an alleged N700 billion fraud.

Sources indicate that Emmanuel was taken into custody upon his arrival at the EFCC headquarters in Abuja around 12:30 p.m. on Tuesday.

He had reportedly visited the commission to honour an invitation regarding allegations of money laundering, diversion of funds, and misappropriation of public funds.

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

According to EFCC insiders, the petition alleges that during Emmanuel’s eight-year tenure, Akwa Ibom State received N3 trillion from the Federation Account. However, he allegedly left behind a debt profile of N500 billion, alongside unpaid ongoing projects valued at N300 billion.

The former governor is also accused of failing to account for N700 billion in state funds.

NCAT claims to have audited financial records of the state, uncovering alleged misappropriation of funds under Emmanuel’s administration.

As of now, the EFCC has not issued an official statement regarding the arrest.

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