Senator Godswill Akpabio, Senate minority leader (PDP)

Senator Godswill Akpabio, Senate minority leader (PDP)

How Alleged N108 Billion Loot Landed Godswill Akpabio In EFCC Net

Senate Minority Leader and former Governor of Akwa Ibom State, Senator Godswill Akpabio, was yesterday, arrested and quizzed by operatives of the Economic and Financial Crimes Commission (EFCC) at about 5.30pm.
Akpabio was allegedly arrested by the nation’s apex anti-graft agency over allegations bothering on corruption and fraud during his time as governor. He is specifically being accused of alleged “ stealing” of N108.1 billion of Akwa Ibom state funds.

Senator Godswill Akpabio, Senate minority leader

Senator Godswill Akpabio, Senate minority leader

The Department of State Security (DSS) recently raided Akpabio’s abode at the government house in Uyo, the capital of Akwa Ibom state where several startling discoveries including stashed monies were recovered from Akpabio. But the invasion by the security agency however attracted stern criticism and outrage by Akpabio’s political party, the PDP and some political elders in the state loyal to the former governor.

EFCC spokesman, Mr Wilson Uwujaren, yesterday confirmed the arrest of Akpabio. He was, however, allowed to go home after interrogation by the EFCC at about 11:45pm, yesterday, Uwujaren said.

Meanwhile, a top source at the EFCC however confirmed that Akpabio who indeed arrived the EFCC office at about 5.30pm for the interrogation, came in company of his personal attorney and constitutional lawyer, Rickey Tarfa and a few of his aides.

An Abuja-based lawyer and activist, Leo Ekpenyong, had on June 8 petitioned President Muhammadu Buhari and the EFCC, accusing Senator Akpabio of looting Akwa Ibom state treasury to the tune of ?N108.1billion and also calling for his immediate probe. Also, in another new petition to the EFCC dated June 22, Ekpenyong gave details of some of Akpabio’s alleged financial recklessness.

He noted that between January and December 2014, while in office, Akpabio allegedly colluded with two of his top aides to “steal “ a whopping N108.1 billion from the state’s treasury.

Ekpenyong had told the EFCC that the former Government House Permanent Secretary, Etekamba Umoren, and the former Accountant General of the state, Udo Isobara, connived with Akpabio to allegedly steal the funds.

Following the petition however, the EFCC began full scale investigation into the alleged theft of N108.1billion. Following the whistle blown by Ekpenyong on Akpabio’s alleged corrupt practices, it was gathered from sources in Akwa Ibom State and the EFCC, that many politicians and other individuals from the state who claim to be in the know of all the alleged corrupt dealings of the former chairman of PDP Governors’ Forum, have inundated the anti-graft Commission with what has been described as damning petitions against Akpabio.

The EFCC had specifically invited Akpabio’s accuser-in-chief, Ekpenyong, on Wednesday June 17, for the adoption of his petition and possibly offer more insight into some of the allegations he had made against the Senate Minority Leader.

However while as governor between May 29, 2007 and May 28, 2015, Akwa Ibom under Akpabio a bumper period in terms of favorable oil revenue funds. The south-south states of Akwa Ibom and Rivers states though top oil producing states in the country, enjoyed relative exotic share of the monthly oil revenue allocation funds from the Federation Accounts Allocation Committee (FAAC).

Reports from Premium Times, an on-line media earlier revealed that “ data from the National Bureau of Statistics and the office of the Accountant General of the Federation indicate that under Mr. Akpabio, known for ostentatious spending, Akwa Ibom received a staggering N1. 6 trillion from FAAC between June 2007 and May 2014”.

The on-line portal stated that at the time Akpabio vacated office on May 29 this year, Akwa Ibom state received more funds, excluding other revenues like Ecological Funds, internally generated revenue, etc. Ekpenyong, in his petition to the EFCC dated June 22, and copied to President Buhari and the Inspector General of Police, Solomon Arase, gave details of some of Senator Akpabio’s alleged financial profligac.

Click here to subscribe to The Paradigm Newsletter



Share your thoughts

%d bloggers like this: