The Economic and Financial Crimes Commission (EFCC) has seized the international passport of Ifeanyi Okowa, former Delta State Governor, amid investigations into an alleged misappropriation of N1.3 trillion.
The funds, linked to the 13% oil derivation allocation from 2015 to 2023, reportedly lacked proper accounting under his administration.
Okowa, who also faces allegations of investing N40 billion in UTM Floating Liquefied Natural Gas and acquiring an 8% equity stake in a major Nigerian bank, was taken into custody on November 4, 2024.
He has since been granted bail, with a requirement to submit his travel documents to the EFCC as investigations continue.
The agency is scrutinizing these transactions for potential mismanagement, as they aim to prevent any attempt to evade justice.
Okowa has denied the accusations, attributing them to political motives, and expressed confidence in clearing his name.
The EFCC’s probe into Okowa’s administration has reignited public discourse on the financial accountability of former governors.
