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Okowa Denies N1.3 Trillion Diversion, Calls EFCC Probe Unfounded

Former Delta State Governor Ifeanyi Okowa has dismissed recent reports linking him to the alleged diversion of 13 percent oil derivation funds worth N1.3 trillion, stating that his questioning by the Economic and Financial Crimes Commission (EFCC) is unrelated to these claims. Okowa’s media aide, Olisa Ifeajika, issued a statement on Monday, calling the allegations “ludicrous” and accusing certain media outlets of spreading falsehoods.

Ifeajika described the claims as “malicious, myopic, and prejudiced,” asserting that similar accusations had surfaced during Okowa’s time in office. He challenged the logic behind the allegations, pointing out that diverting N16 billion each month for eight years would leave no funds for government salaries or projects, making such claims implausible.

The statement also criticized media portrayals of Okowa’s EFCC inquiry, labeling them as “sensational and mischievous” and not meeting proper journalistic standards. Ifeajika emphasized that the reports were designed to mislead the public and tarnish Okowa’s reputation, but he remained confident that these efforts would not succeed. “God has lifted him,” he added.

While Okowa was summoned to the EFCC to answer questions stemming from petitions accusing him of misusing state funds to acquire an 80 percent stake in Premium Trust Bank and invest in properties in Asaba, Abuja, and hotels, Ifeajika clarified that no formal charges have been filed. After returning from vacation, Okowa voluntarily appeared before the EFCC office in Port Harcourt to address the allegations, which he termed as unsubstantiated claims from “disgruntled elements.”

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