Alleged N700bln fraud: Ex-Akwa Ibom Gov. Emmanuel in EFCC’s net

Udom Emmanuel, the immediate former governor of Akwa Ibom State, has been detained by the Economic and Financial Crimes Commission (EFCC) for allegedly committing N700 billion fraud.

Emmanuel, who served as Akwa Ibom State’s governor between 2015 and 2023, allegedly turned himself in on Tuesday at 12:30 p.m. at the EFCC’s Abuja headquarters.

He was present at the office to honor a previous invitation from the anti-graft organization.

After responding to allegations of money laundering, money laundering, and stealing, Emmanuel was later detained after accepting the EFCC’s request to speak.

“We have detained the former Akwa Ibom governor because of an alleged N700 billion fraud,” the statement read.

The EFCC was prompted by a civil society organization’s petition, Network Against Corruption and Trafficking.

“The petitioner alleged that Emmanuel, who had received N3 trillion from the Federation Account over the course of eight years, left behind a N500 billion debt load and ongoing unpaid projects worth N300 billion.

He is also said to not be able to make N700 billion of claims. According to a source, Emmanuel arrived at our office at 12:30 p.m. and was later detained.

The source further revealed that investigations revealed the withdrawal of N31 billion in cash from a single account called “Office of the Governor.”

“Our investigations have revealed the N31 billion in cash being withdrawn from a single account.”

Source: Per Second News