The governor, who is now out of the country, was being investigated for carrying out several white elephant projects, including the Umueri International Airport project, the cost of which was believed to be overstated.

The EFCC had already asked certain commissioners and key officers to investigate suspected abuse of state finances, according to reports.

As part of the refund for the over-deduction on the Paris Club loan in December 2016, the Federal Government distributed N388.3 billion to the 36 states and the Federal Capital.

Seven states reportedly got above N14bn, four states got over N13bn, two states received above N11bn and five other states were given amounts above N10bn while the remaining 11 states got less than N10bn each.

Anambra State was said to have received N11.3bn.

The state governments had submitted their claims of over-deductions for external debt service arising between 1995 and 2002 to the Federal Government due to the First Line Charge deductions from Federation Account Allocation Committee allocations.

The debt service deductions concern the Paris Club, London Club, and multilateral debts of the Federal Government and the states.

Many of the states reportedly shared their portions with their local governments mostly to settle the backlog of salaries and some of the state debts.

The FG subsequently released the second tranche of the Paris Club refund totaling N243.7bn which was shared to the states and the Federal Capital Territory following the approval of the President, Major General Muhammadu Buhari (retd.) on May 4, 2017.

Anambra State reportedly got over N6bn from the fund which was said to have been misappropriated.

The state’s loan burden under Obiano was also said to have ballooned to $111.48million. The facility was taken from China, India, and other international organizations.

Many people of Anambra State are believed to have petitioned the EFCC, accusing the governor of squandering vast sums of money left by his predecessor, Mr. Peter Obi.

They also accused the governor of piling up debts for the state with little to show for it.

In a letter dated November 15, 2021, the anti-graft agency placed the departing governor on its watchlist and asked the Nigeria Immigration Service to prevent him from leaving the country through any of the country’s international airports.

The commission is said to have begun a clandestine investigation into the governor and may have information that he wants to flee after handing over power to Prof Charles Soludo in March.

While handing over power in 2014, Obi reportedly left billions of naira in the state’s coffers for his predecessor.

During a face-off with Obiano, the former People’s Democratic Party Vice Presidential candidate in the 2019 elections claimed he left N2.1bn in First Bank account no. 2018779464 for Oko erosion; N4.9bn in Sure-P Diamond account 0026290200; N1.7bn in Universal Basic Education Commission 1 Diamond account 0023484282; N2.1bn in UBEC 2 Diamond account 0031151473; over N4bn in many MDG accounts one of which was the N3.048bn in Fidelity Bank 5030047097 and over N35bn cash (set aside funds added) in all the banks.

Obiano also reportedly inherited $156 million in Fidelity Bank, $50m in Diamond Bank, and another $50m in Access Bank, which sources said was mismanaged.

The Governor was also accused of not developing the state as residents complained of bad roads and the absence of infrastructure.

A source said, “Take the Umueri international airport, which was being built at N16 billion. The state government initially budgeted N6billion for the project in its 2020 budget. In the 2022 budget, it allocated an additional N10bn for the same project which was located in his hometown.

“Investigators believe the project was being used to launder and siphon money from the state coffers. Apart from this, the governor is expected to explain how he utilized the Paris Club funds, the security vote, and other allocations when he meets with our investigators because the money he spent doesn’t seem to be commensurate with the projects on the ground.”

But the state Commissioner for Information and Public Enlightenment, Don Adinuba, claimed that the EFCC’s move against his boss was politically motivated by the All Progressives Congress.

Speaking on Politics Today, a current affairs program on Channels Television on Thursday, he stated, “Nobody invited him (the governor) to interrogate him or hear his side of the story. No petition was presented to him. He did not make any comments. But all of a sudden, the EFCC announced rather secretly…using the media as a third party…to announce that he is being watched. That is very surprising.

“There is absolutely no reason for that. And worse, the EFCC gave the impression that the governor wants to bolt away when he has a whole four months to remain in office.

“It is unimaginable that a governor will abandon a state a whole four months to the end of his tenure. That is surprising. It just does not make sense to anyone simply because the whole exercise is politically motivated.”

The EFCC spokesman, Wilson Uwujaren, declined to comment on Adinuba’s allegations when contacted on Friday. “I don’t comment on such things,” he said on the phone.