A former governor of Akwa Ibom State, Udom Emmanuel, has been arrested over an alleged N700 billion fraud.
Emmanuel was detained on Tuesday by men of the Economic and Financial Crimes Commission (EFCC) following an invitation from the anti-graft agency.
According to a source who spoke anonymously, the anti-graft agency accused the former governor of money laundering, diversion of funds, and stealing.
The source said, “We have arrested the former governor of Akwa Ibom over an alleged N700 billion fraud.
“A civil society organisation called the Network Against Corruption and Trafficking petitioned the EFCC, prompting our investigation.
“The petitioner alleged that Emmanuel received N3 trillion from the Federation Account over eight years but left behind a debt profile of N500 billion and unpaid ongoing projects worth N300 billion. He was also alleged to be unable to account for N700 billion.
“Emmanuel arrived at our office around 12:30 p.m. and was arrested shortly after.”
