$108.1bn Fraud: Akpabio Back In EFCC Custody

41403-2386dfb5beb6365afdb294016f36008aFormer governor of Akwa Ibom state, Godswill Akpabio, has returned to the Economic and Financial Crimes Commission (EFCC) for more questioning after he was allowed to go home Friday night.

Akpabio is presently the incumbent minority leader of the senate, arrived the EFCC at about 11:45 a.m., accompanied by his counsel and Senior Advocate of Nigeria, SAN, Rickey Tarfa and some aides.

A citizen’s petition, not an investigation by the EFCC was the reason the agency invited Akpabio to its office Friday.

The citizen, Leo Ekpenyong, an Abuja based lawyer accused Akpabio of stealing N108.1billion of Akwa Ibom funds.

In the petition dated June 22, 2015, Mr. Ekpenyong had stated that between January and December 2014, the ex-governor colluded with two of his personal aides to steal a huge sum of N108.1 billion from the state’s treasury.

According to him, “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”.

“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 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“For example, a whopping N18 billion was withdrawn fraudulently from the state FAAC account with the United Bank for Africa in tranches of N10 million and above by Mr. Isobara in a surreptitious manner to conceal their dishonest intention.”

In the period under review, the petitioner added that the ex-governor also withdrew a huge sum of N18 billion from the state account under the guise of special services, reception of very important guests and sundry items.

“The cumulative aggregate of these monies stolen by Akpabio from the coffers of government as pocket money is the annual budget of some states in Nigeria put together.”

Among the properties, which the petitioner claimed the ex-governor acquired through proxies include, a multi-billion-naira mansion at Plot 5 Ikogosi Spring Close, off Katsina-Ala Crescent, Maitama-Abuja; a multi-billion naira maisonette at Plot 28 Colorado Close, Maitama, Abuja and another multi-billion-naira mansion at 22 Probyn Road, Ikoyi, Lagos.

 

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