Information reaching Yawanews.com points fingers at a former Delta State Governor being arrested by operatives of the Economic and Financial Crimes Commission (EFCC).
Reports reveal that the Former Governor was arrested over the alleged diversion of N1.3 trillion. The amount is said to be part of the 13 percent derivation fund earmarked for oil-producing states. According to insiders involved in the investigation, the funds were allegedly diverted between 2015 and 2023.
Governor Okowa was arrested on Monday November 4, 2025 in Port Harcourt, the Rivers state capital, when he reported to the EFCC office following an invitation over the matter.
The former Governor is also being interrogated over another N40 billion allegedly used to acquire shares in UTM Floating Liquefied Natural Gas — a facility being developed by UTM Offshore Limited in Akwa Ibom state.
The EFCC according to reports is also investigating Okowa over the alleged diversion of funds to acquire estates in Abuja and Asaba.
