Former Akwa Ibom State Governor Udom Emmanuel has been arrested by the Economic and Financial Crimes Commission (EFCC) over an alleged N700 billion fraud.
Emmanuel, who governed Akwa Ibom from 2015 to 2023, arrived at the EFCC headquarters in Abuja at 12:30 p.m. on Tuesday after being invited by the anti-graft agency.
According to sources, the ex-governor is under investigation for allegations of money laundering, fund diversion, and misappropriation.
A petition from the Network Against Corruption and Trafficking (NACAT) prompted the EFCC’s probe. The petition alleges that:
- Emmanuel received N3 trillion from the Federation Account over eight years.
- He left behind a debt profile of N500 billion and uncompleted projects worth N300 billion.
- He has been unable to account for N700 billion of state funds.
“Emmanuel arrived at our office around 12:30 p.m. and was arrested shortly after,” a source confirmed.
The EFCC is expected to continue its interrogation, with more details likely to emerge soon.
