The arrest of former Delta State Governor Ifeanyi Okowa over an alleged ₦1.3 trillion fraud has ignited controversy and widespread calls for a broader investigation into former state governors. Okowa’s detention by the Economic and Financial Crimes Commission (EFCC) shocked many, especially given his two-term tenure. He was reportedly held at the EFCC’s Port Harcourt office regarding the alleged diversion of the 13% oil derivation fund from 2015 to 2023.
Sources claim the investigation also covers accusations that Okowa misused ₦40 billion in state funds to acquire shares in a major bank and invested in private estates in Abuja and Asaba. His detention has become a central topic in Delta State, leading to debates about his innocence and sparking reactions from political allies and critics alike.
Delta State Governor Sheriff Oborevwori, through an aide, defended Okowa, maintaining his presumption of innocence. In contrast, the state chapter of the All Progressives Congress (APC) praised the EFCC’s actions as a significant step against corruption. The APC urged a thorough investigation into all former governors, arguing that Okowa’s administration was marked by financial mismanagement, leaving Delta State with a high debt burden.
Okowa’s Chief Press Secretary, Olisa Ifeajika, countered the allegations, insisting that no evidence was found against the former governor. He clarified that Okowa willingly appeared before the EFCC and dismissed claims of ownership in Premium Trust Bank or private real estate as unfounded.
Human rights activists and political analysts remain divided. Some praise the EFCC’s swift action, while others criticize the selective nature of the probe. Rights groups have called for a fair investigation, urging the anti-graft agency to avoid political biases and ensure transparency in handling the case.