JUST IN: EFCC detains ex-Akwa Ibom gov, Emmanuel, for ‘N700bn fraud’

Udom Emmanuel, former Akwa Ibom State governor, has been detained by the Economic and Financial Crimes Commission (EFCC) over allegations of a N700 billion fraud.

Emmanuel was arrested after responding to an EFCC invitation on Tuesday to address accusations of money laundering and funds misappropriation, brought forward by the Network Against Corruption and Trafficking (NACAT),.

According to the petition, Emmanuel allegedly received ₦3 trillion from the Federation Account during his eight-year tenure but left behind a debt burden of ₦500 billion and an additional ₦300 billion in unpaid ongoing projects. He is also accused of being unable to account for ₦700 billion.

EFCC investigations are ongoing, with Emmanuel being questioned by agency operatives.

EFCC spokesperson, Dele Oyewale, was unavailable for comment when contacted.

More to come…