The Economic and Financial Crimes Commission (EFCC) has released former Delta State Governor Ifeanyi Okowa on administrative bail following his recent detention. Okowa was summoned for questioning over allegations of misappropriating N1.3 trillion from the state’s derivation fund.
EFCC Seizes Okowa’s Travel Documents
A source within the EFCC disclosed that although Okowa has been granted bail, his travel passport has been seized as a precautionary measure during the ongoing investigation.
“Okowa was released last Wednesday after fulfilling his bail conditions, which included surrendering his travel documents,” the source confirmed. “Given the magnitude of the alleged diversion, it was necessary to prevent any risk of flight while the investigation is ongoing.”
Allegations of N1.3 Trillion Fund Diversion
The probe centers on the alleged diversion of N1.3 trillion in derivation funds, a substantial amount earmarked for development projects in Delta State. The EFCC is reportedly scrutinizing the financial records from Okowa’s tenure as governor to determine the extent of the misappropriation.
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The source added, “The amount involved is substantial, and taking precautionary measures, such as seizing travel documents, is standard procedure to ensure compliance during the investigation process.”
What’s Next for Ifeanyi Okowa ?
As the investigation continues, Okowa is expected to remain within the country until the case reaches a conclusion. The former governor’s legal team has yet to issue a formal statement, but sources indicate they are cooperating with the EFCC’s inquiry.
