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| Former Akwa Ibom Governor Udom Emmanuel |
Former Akwa Ibom Governor Udom Emmanuel has been arrested by the Economic and Financial Crimes Commission (EFCC) over allegations of a massive N700 billion fraud.
The arrest occurred on Tuesday, March 4, 2025, at the EFCC headquarters in Abuja, shortly after Emmanuel arrived to respond to an invitation.
The allegations, brought forward by the Network Against Corruption and Trafficking (NACAT), Newsmart gathered, include money laundering, fund diversion, and financial mismanagement during his tenure as governor from 2015 to 2023.
Emmanuel is accused of receiving N3 trillion from the Federation Account but leaving behind significant debts and unaccounted funds.
He is alleged to have left a debt profile of N500 billion and unpaid ongoing projects worth N300 billion in Akwa Ibom state.
He was also alleged to be unable to account for N700 billion.
The petitioner claimed that it has audited financial records of the state where it discovered alleged embezzlement of funds under the administration of Emmanuel.
There has been no official statement issued about the arrest by the anti-graft agency.
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