Okowa’s Arrest: Oborevwori Asked To Cooperate With Investigators To Recover Looted Funds

The group, New Delta Coalition, has urged Delta State Governor Sheriff Oborevwori to cooperate fully with federal investigators regarding alleged financial mismanagement during Dr. Ifeanyi Okowa’s tenure as governor.

Okowa is accused of misappropriating N1.3 trillion of Delta State funds between 2015 and 2023. The former governor who was arrested was subsequently detained by the Economic and Financial Crimes Commission (EFCC).

Reacting to the arrest, the coalition in a statement by Godwin Anaughe, called for transparency and accountability, stressing that Governor Oborevwori, as the former Speaker of the Delta State Assembly, has a responsibility to ensure that the state’s resources are protected.

He also stressed the need for the governor to work with investigators to recover allegedly looted funds and hold Okowa and his collaborators accountable.

According to the coalition, the whopping N1.3 trillion alleged to have been misappropriated by Okowa’s administration represents 13% derivation funds of Delta State’s allocation from the federation account between 2015 and 2023.

The group claimed that the alleged diversion of funds for personal gain, including acquiring properties in Abuja and Asasa, Delta State, has breached public trust during Okowa’s governorship.

They also condemned the suspicious investment of N40 billion in UTM Floating Liquefied Natural Gas, allegedly redirected for unrelated purposes, adds complexity to Okowa’s alleged misdeeds.

The statement reads;

Ifeanyi Okowa’s Alleged Mindless Looting of Delta Treasury
 
The arrest and detention of Ifeanyi Okowa, former Governor of Delta State, by the Economic and Financial Crimes Commission (EFCC) for alleged misappropriation of N1.3 trillion of Delta State funds is shocking but hardly surprising. This staggering amount, representing 13% derivation funds of Delta State’s allocation from the federation account between 2015 and 2023, was meant to benefit the people of Delta State.
 
Ifeanyi Okowa’s alleged diversion of these funds for personal gain, including acquiring properties in Abuja and Asaba, Delta State, breached public trust during his governorship. Furthermore, the suspicious investment of N40 billion in UTM Floating Liquefied Natural Gas, allegged to have been redirected for unrelated purposes, adds another layer of complexity to Okowa’s alleged misdeeds. 

These revelations, especially given his history of neglecting to pay civil servants and pensioners while accumulating massive debt, make Okowa’s dismal record of achievement in office all the more disappointing. 
 
Okowa’s alleged financial crimes confirm the prevalent and pervasive corruption, lack of transparency and accountability, impunity, and executive lawlessness of the PDP administration in Delta State, which over the years have exacerbated the struggles of everyday Deltans. It’s unacceptable that those in power prioritize personal gain over the welfare of the people they serve. 
 
The EFCC’s investigation and arrest of Okowa are crucial steps toward ensuring accountability and justice. We commend the EFCC’s efforts and urge them to conduct a thorough investigation to ensure that the funds are recovered and the perpetrators are prosecuted and brought to justice.

Delta State’s widespread poverty and underdevelopment have been constructed and sustained by monumental corruption and theft of the state’s resources. The chronic lack of basic social services, infrastructure, and economic opportunities contradicts the humongous federal allocations. While Okowa and his cronies allegedly looted the state’s treasury, the good people of Delta State remained consigned to live in squalor and extreme poverty. 
 
Poverty conditions in the state’s oil-rich areas are exacerbated by unremedied pollution, ecological damage, and unmitigated climate change. Oil-producing communities in Urhobo, Itsekiri, Ijaw, Isoko and Ndokwa continue to suffer neglect and misery due to corruption and bad governance. 
 
The Delta State Oil Producing Areas Development Commission (DESOPADEC), established to facilitate development, has failed to justify its mandate and dashed hopes for sustained interventions to promote development and progress of concerned areas. 
 
The lack of visible progress and development under Governor Oborevwori’s administration is astounding and suggests a bleak future for Deltans, particularly regarding the alleged misappropriation of massive funds flowing into the state’s coffers. Between June 2023 and July 2024, Delta State received N239.6 billion as

The New Delta Coalition strongly condemns Okowa’s alleged financial crimes. We call for a thorough and transparent investigation and prosecution of the perpetrators. Deltans deserve to be served with the highest attainable standards of transparency, accountability, and good, effective governance. We will continue to advocate for their rights, with the sole aim of Building A New Delta.
 
Signed,

Godwin Anaughe 
 
On behalf of New Delta Coalition (NDC)