The Economic and Financial Crimes Commission has seized the international passport of former Delta State governor, Ifeanyi Okowa, as part of an ongoing investigation into allegations of financial mismanagement during his tenure.
Okowa is being probed over the alleged diversion of N1.3 trillion from the 13 percent derivation fund allocated to Delta State between 2015 and 2023.
The EFCC alleges that part of the funds, including N40 billion, was used to purchase shares in UTM Floating Liquefied Natural Gas and to secure equity in a major bank for an offshore LNG facility project.
Okowa was initially detained at the EFCC’s Port Harcourt office on November 4 but was granted bail after surrendering his travel documents and meeting other conditions.
A source within the EFCC stated that confiscating the passport was a precautionary measure to prevent the former governor from leaving the country during the investigation.
“The sum allegedly involved is too significant to take risks,” the source said.
“What we have done is standard procedure to ensure the accused remains available for further questioning.”
Speaking for the first time since his release, Okowa described the accusations as politically motivated.
During a solidarity visit from the Urhobo Progress Union on Tuesday, he dismissed the claims as “laughable” and “false.”
“To divert N1.3 trillion would mean taking N16 billion to N20 billion every month for eight years. Not even the President can do that, let alone a state governor,” he said.
Okowa defended his administration’s financial record, highlighting challenges such as inherited debts and unpaid salaries early in his tenure.
“Delta State was financially constrained when I assumed office. Some local governments owed up to 15 months’ salaries,” he said.
He also emphasized his administration’s achievements, including prompt salary payments, increased pensions, and infrastructure development, particularly in riverine areas.
Okowa suggested the petition leading to the EFCC probe was orchestrated by political opponents.
“I am not against investigations. The EFCC has a job to do, and I trust they will uncover the truth. However, it is unfortunate that some individuals have allowed themselves to be used for political schemes,” he said.
The former governor also expressed confidence in his successor, Governor Sheriff Oborevwori, praising his efforts to continue Delta State’s development.
During the visit, UPU President-General Chief Ese Owe commended Okowa for supporting the emergence of their son, Oborevwori, as governor.
Okowa, in turn, thanked the UPU and the Urhobo people for their loyalty and support throughout his administration.
“I always received more votes from the Urhobos than even their sons who contested against me. I remain grateful for their belief in equity and justice,” he said.
The investigation into Okowa underscores growing concerns about financial accountability at the state level in Nigeria.
