EFCC Begins N108 Billion Probe Of Akpabio

EFCC Begins N108 Billion Probe Of Akpabio

Governor Godswill Akpabio

The Economic Financial Crimes Commission on Wednesday, June 23, 2015, began probe of former Akwa Ibom state governor, Goodwill Akpabio over Alledged N108.1b fraud.

The commission began investigation following a petition by Mr. Leo Ekpenyong, an Abuja-based lawyer.

According to reports, the former governor of the state now a senator had been petitioned by several indigenes of the state who have demanded that the former governor be probed.

Mr. Ekpenyong told the EFCC that the former Government House Permanent Secretary, Etekamba Umoren, and the former Accountant General of the state, Udo Isobara, colluded with Mr. Akpabio to steal the funds.

“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“For example, a whopping N18 billion was withdrawn fraudulently from the state FAAC account with the United Bank for Africa in trenches of N10 million and above by Mr.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.”


Leave a Comment

To leave a comment anonymously, simple write your thoughts in the comments box below and click the ‘post comment’ button.