Ifeanyi Okowa, the former governor of Delta State, has been taken into custody by agents of the Economic and Financial Crimes Commission, or EFCC.
Due to allegations of financial mismanagement, the previous governor was placed under arrest.
The former governor was detained by anti-graft agency men for allegedly stealing N1.3 trillion.
According to reports, the sum represents a portion of the 13 percent derivation money designated for states that produce oil.
Allegedly, the money was misappropriated from 2015 to 2023.
When Okowa showed up at the EFCC headquarters after being invited to do so, he was reportedly detained in Port Harcourt, the capital of Rivers State.
He is under investigation for reportedly spending a further N40 billion to purchase stock in UTM Floating Liquefied Natural Gas, a plant in Akwa Ibom State that is being developed by UTM Offshore Limited.
It was alleged that the prior governor neglected to account for how the money was used.
Okowa is also under investigation by the anti-graft agency for allegedly misappropriating money “to acquire estates in Abuja and Asaba.”
