EFCC Probes Akpabio Over N108billion Fraud


The Economic and Financial Crimes Commission, EFCC has launched a probe into alleged theft of N108.1billion of Akwa Ibom funds by former Governor Godswill Akpabio.


PREMIUM TIMES reports that the EFCC commenced the probe after it was petitioned by an Abuja-based lawyer and activist, Leo Ekpenyong.

Ekpenyong had on June 8 petitioned President Muhammadu Buhari and the EFCC, calling for Mr. Akpabio’s probe and accusing him of looting Akwa Ibom state treasury. Part of the petition read, ''Between January –December 2014, it is on record that the trio of Godswill Akpabio, Mr. Etekamba Umoren and Mr. Udo Isobara, made illegal but substantial withdrawals of cash from a designated state government-owned account with Zenith Bank with account number: 1010375881 amounting to N22.1 billion,” he stated in the petition.

''It is worthy of note that reasons for such ungodly cash withdrawals against financial regulations and due process laws range between sundry use and unjustifiable expenditures by Godswill Akpabio and his numerous surrogates and proxies. For example, a whopping N18 billion was withdrawn fraudulently from the state FAAC account with the United Bank for Africa in trenches of N10 million and above by Mr. Isobara in a surreptitious manner to conceal their dishonest intention''.

For assisting Mr. Akpabio retire billions of the stolen funds, Mr. Ekpenyong said Mr. Umoren was rewarded with an appointment as Government House chief of staff and now secretary to the state government under Udom Emmanuel’s administration.

Akpabio who is now a senator has denied all claims made by Ekpeyong.


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