Connect with us

FEATURED

Edwin Clark Petitions EFCC To Go After Okowa, Says ex-governor Allegedly ‘Misappropriated Over N1.7 trn’

Published

on

Clark





Edwin Clark, convener of the Pan-Niger Delta Forum (PANDEF), has alleged that Ifeanyi Okowa, former governor of Delta, misappropriated the state’s derivative fund amounting to N1.760 trillion.

Clark said he had written to the Economic and Financial Crimes Commission (EFCC) over the involvement of Okowa in the floating of Premium Bank, which he allegedly used to lodge all the derivation funds.

Clark, who spoke in an interview on Wednesday, said the former governor “autocratically mismanaged the funds”.

Advertisement

He added that Okowa sidelined the Delta state oil producing areas development commission (DESOPADEC).

DESOPADEC is an interventionist agency established to manage a 13 percent oil derivation fund to drive infrastructural development of the oil-producing communities in the state.

“Okowa said he had been spending the money. Their answer was that they spent N5 billion on paying pensioners. How does that come under 13 percent?” Clark asked.

Advertisement

“And they also spent the money building a university in Okowa’s village. I mentioned in the letter [to the EFCC] that Okowa has 13 companies. I told him he put the 13 percent (derivation funds) into these 13 companies and let him deny it.

“The one paid to Delta state came to N1.767 trillion. Instead of paying 50 percent (of the N1.760 trillion) to the DESOPADEC as provided by the law, which is automatic, he now held the 13 percent fund — the entire money, dishing out instalmentally and approving every contract the DESOPADEC had awarded.

“So, Okowa has embezzled our money. It’s not even accounted for in his annual budget.”

Advertisement

(Story, excluding headline; The Cable)

Advertisement
Click to comment
FEATURED3 hours ago

EFCC Arraigns Truck Driver for Illegally Transporting Assorted Solid Minerals

Jaro Egbo
COMMUNITY REPORT13 hours ago

Ughelli North Council Boss Suspends Uwheru PG, Chief MacPherson Igbedi

NEWS15 hours ago

Sen. Nwoko Empowers Several Constituents in Delta North with Federal Jobs

FEATURED19 hours ago

Army Troops, Civilian JTF Send 8 Terrorists to Hell in Bloody Gunfire in Borno

Heavy-Duty vehicles
FEATURED23 hours ago

85 Senators Append Signature for Anioma State Creation Aheads Public Hearing

COMMUNITY REPORT23 hours ago

Isoko North Council Boss Tasks Religious Leaders on Speaking Truth to Power

FEATURED1 day ago

How we Operated as a “One Chance” Keke’s Robbery Gang – Kingpin Leader Told Police Investigators

ENTERTAINMENT2 days ago

Billionaire Nwoko, Regina Daniels Back AGN’s National Secretariat, App Launch

FEATURED2 days ago

EFCC Arrests 74 Alleged Internet Fraudsters with Rifle Pistol, 86 Phones, Motorcycles in Abuja

COMMUNITY REPORT2 days ago

Sen. Nwoko Pays Glowing Tribute to Dein of Agbor on His 48th Birthday

COMMUNITY REPORT2 days ago

Pomp, as Waive Leads High-powered Delegation to Pay Homage to New Udu Monarch

FEATURED3 days ago

Tantita Reveals How Foreigners Smuggle Nigerian Oil

COMMUNITY REPORT4 days ago

‘We’re Committed to Healthcare Delivery’ – Isoko North Boss as He Flags Off 2nd Phase Immunization Exercise

FEATURED5 days ago

Stolen Artifacts: Senate Intensifies Efforts on Policy Recommendations As Nwoko’s C’ttee Meet Stakeholders

FEATURED5 days ago

‘Being an Alarmist Doesn’t Fit Your Status’ – APC Chieftain Slams Gov Oborevwori’s Chief Strategist

Advertisement
Advertisement