EFCC Arrests Former Akwa Ibom Governor Udom Emmanuel Over Alleged N700bn Fraud

Operatives from the Economic and Financial Crimes Commission (EFCC) headquarters have arrested former Akwa Ibom State Governor, Udom Emmanuel, over an alleged N700 billion fraud.

Emmanuel was taken into custody on Tuesday after responding to an EFCC summons to address allegations of money laundering, fund diversion, and theft, as claimed by the Network Against Corruption and Trafficking (NCAT).

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He arrived at the EFCC office around 12:30 p.m. Investigations reportedly revealed that N31 billion was withdrawn in cash from a single account named “Office of the Governor” between 2019 and 2023.

The petition alleges that during his eight-year tenure, Emmanuel received N3 trillion from the Federation Account but left behind a debt profile of N500 billion and unfinished projects valued at N300 billion. He is also accused of failing to account for N700 billion.

EFCC’s investigation is ongoing, with Emmanuel currently under interrogation.

EFCC spokesperson Dele Oyewale was unavailable for comment when contacted.

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