Former Akwa Ibom State governor, Udom Emmanuel, has been arrested by the Economic and Financial Crimes Commission (EFCC) over an alleged ₦700 billion fraud. Emmanuel was at the EFCC headquarters to honour an invitation over the allegation of money laundering, diversion of funds and stealing preferred against him by Network against Corruption and Trafficking (NCAT), a civil society organization (CSO).
Sources within the EFCC said the petitioner alleged that the former governor received N3 trillion from the federation Account in eight years but left a debt profile of N500 billion and unpaid ongoing projects worth N300 billion in Akwa Ibom state. He was also alleged to be unable to account for N700 billion. There has been no official statement issued about the arrest by the anti-graft agency.
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