The Economic and Financial Crimes Commission has reportedly arrested a former Akwa Ibom Governor Udom Emmanuel over alleged N700billion fraud.
Mr Emmanuel was said to be arrested after honouring an invitation of the EFCC on Tuesday on allegations of money laundering, diversion of funds and stealing preferred against him by Network against Corruption and Trafficking ,NCAT.
It was gathered that in the course of investigations, the commission uncovered the withdrawal of N31billion in cash from a suspicious account named Office of the Governor.
The money was said to have been withdrawn between 2019 and 2023.
The petitioner alleged that Emmanuel received N3trillion from the Federation Account in eight years but left a debt profile of of N500billion and unpaid ongoing projects worth N300billion.
He was also alleged to be unable to account for N700billion.
The EFCC’s investigations are ongoing with Emmanuel being grilled by operatives.
