The Economic and Financial Crimes Commission has withheld the international passport of the former governor of Delta State, Ifeanyi Okowa.

Okowa was arrested by the anti-graft agency on November 4, 2024, over an alleged diversion of N1.3tn derivation fund.

The N1.3trn amounted to a 13 per cent derivation fund from the federation account between 2015 and 2023.

He was also accused of failing to render accounts of the funds as well as another N40bn he allegedly claimed he used to acquire shares in UTM Floating Liquefied Natural Gas.

Okowa also allegedly bought shares of N40bn in one of the major banks in the country, representing eight per cent equity to float the offshore LNG.

According to sources in the commission, Okowa was at the EFCC office in Port Harcourt, Rivers State and was subsequently arrested by officials of the commission.

A source privy to the matter but not permitted to speak with journalists said Okowa had been released since last week Wednesday, after meeting his bail conditions.

The source said one of the conditions was to submit his travel documents with the agency, pending the conclusion of the matter.

“Okowa is no longer in our custody. He was released last Wednesday after meeting his bail conditions, which include depositing his travel documents with the commission, pending the conclusion of our investigations of the allegations against him.

“The sum allegedly is too huge to take risks. And what we have done is not out of place. This is to prevent anyone under investigation from jumping the bail he/she had been granted,” he said.

Several calls put through to the EFCC’s spokesperson, Dele Oyewale, were not answered.

He was also yet to respond to the message sent to him on the matter as of the time of filing this report.

Speaking on his trial, Okowa described the allegation that he misappropriated N1.3tn oil derivation funds while in office as laughable and totally false.

Speaking when he received the national leadership of Urhobo Progress Union, led by its President General, Chief Ese Owe, on a solidarity visit at his residence in Asaba, on Tuesday, Okowa said he was not worried by the EFCC invitation.

The former governor, who was speaking publicly on the issue for the first time since his return from honouring the EFCC invitation, said he was confident that he would come out clean.

In a statement signed by his Chief Press Secretary, Olisa Ifejika, the former governor disclosed that the petitioners were driven by mundane political considerations but asserted that he would continue to support Governor Sheriff Oborevwori to deliver on the mandate freely given to him by the Delta people.

“It was a petition written several months ago, but unfortunately, with the politics of our time, some people decided to ensure that Okowa must be invited by the EFCC.

“People are genuinely uncomfortable about Okowa and I was actually invited and I went there by myself and the first thing I saw was that they said I misappropriated N1.3tn. I said, do you know the kind of money you are talking about?

“To successfully take N1.3tn, it means you have to be taking between N16bn and N20bn every month into your pocket. I don’t even know if the President of this country will be able to do that, not to talk of the governor of Delta State.

“They have forgotten that the first in three years we came into office – 2015, 2016 and 2017 – the money that was coming into the state was not even enough to pay salaries at all.

“Some local governments like Ethiope East were owing as much as 15 months salaries and even in the state here, some people were getting half salaries.

“It was a petition written several months ago, but unfortunately, with the politics of our time, some people decided to ensure that Okowa must be invited by the EFCC.

“People are genuinely uncomfortable about Okowa and I was actually invited and I went there by myself and the first thing I saw was that they said I misappropriated N1.3tn. I said, do you know the kind of money you are talking about?

“To successfully take N1.3tn, it means you have to be taking between N16bn and N20bn every month into your pocket. I don’t even know if the President of this country will be able to do that, not to talk of the governor of Delta State.

“They have forgotten that the first in three years we came into office – 2015, 2016 and 2017 – the money that was coming into the state was not even enough to pay salaries at all.

“Some local governments like Ethiope East were owing as much as 15 months salaries and even in the state here, some people were getting half salaries.

Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has alleged that the depth of corruption in the power sector would make anyone weep for Nigeria.

He said: “As we speak, we are grappling with electricity. If you see some of the investigations we are carrying out within the power sector, you will shed tears.

“People were awarded contracts to supply electricity equipment. Instead of using what they call 9.0 guage, they will go and buy 5.0.

“Every time you see the thing tripping off, the thing gets burnt, and all of that, it falters and it collapses. It’s part of our problems.”

Olukoyede made the revelation during an oversight visit by the House of Representatives Committee on Financial Crimes to the EFCC’s headquarters in Abuja on Tuesday.

He stressed the importance of collaboration between the Commission and lawmakers to combat financial crimes effectively.

One of the key areas of concern, according to Olukoyede, is the power sector, where corrupt practices have been undermining the country’s infrastructure.

It was at this point that the EFCC boss revealed that some contractors awarded contracts to supply electricity equipment were cutting corners.

He said they were using substandard materials that have contributed to the frequent power outages and system failures.

This, he said, is one of the many examples of how corruption in critical sectors is holding back the country’s development.

Olukoyede also discussed the EFCC’s new strategic focus on asset tracing and recovery, which he credited for the agency’s successes over the past year.

Furthermore, he revealed that “For every N10 recovered, perhaps N30 or N40 Naira may have been stolen.

“If we recover about N440 billion and several billions of dollars in a year, imagine the total amount siphoned from our system. That’s the unfortunate reality.

“Thus, we are focusing on prevention. Over the last year, we have established a new directorate for risk assessment and control.

“To recover 10 Naira, you may spend between 4 and 5 Naira. But to prevent 10 Naira from being stolen, you spend less than 1 Naira, based on our research and experience.

“Prevention is, therefore, the more effective way to combat corruption.

“We need more resources to carry out our mandate effectively. Our staff are underpaid, and we need to improve their welfare.”

Reacting, Ginger Onwusibe, Chairman of the House Committee on Financial Crimes, expressed the committee’s readiness to support the EFCC through legislation and improved budget allocations.

Onwusibe also urged the Commission to enhance its operational capacity and strengthen collaborations with other agencies and development partners to improve accountability and efficiency in the fight against corruption.”

The Inspector General of Police, Kayode Egbetokun, has confirmed that officers who were protecting foreign hackers arrested for cybercrimes were engaged in illegal activities.

This follows the November 4 announcement by the police, which revealed the arrest of 130 suspects involved in high-level cybercrimes, hacking, and activities threatening national security. Among those arrested, 113 were foreign nationals—87 men and 26 women—primarily from China and Malaysia, alongside 17 Nigerian collaborators.

Reports indicated that some of these foreign nationals had been receiving police protection prior to their arrest.

Responding to these claims, Egbetokun addressed the issue on Monday during a workshop on criminal investigation standardization, confirming that the officers involved had been arrested and were under detention.

“It is true that some policemen were seen protecting these foreigners. They have been arrested. We found that these policemen were on illegal duty. Nobody deployed them. They were not properly assigned to that task,” Egbetokun explained.

He stated that the officers’ unit commanders have disowned them, and the officers would face disciplinary action.

“I have explained that those police escorts were not formally deployed by the police authority; they were found performing illegal duties. They have already been found escorting the arrested foreigners. Their unit commanders have denied having sent them. They were performing illegal duties, and they will be dealt with accordingly,” Egbetokun added.

However, the IG clarified that not all police protection is improper. He emphasized that certain individuals, particularly prominent businessmen and employers, do require police protection due to their societal and economic roles.

“That does not negate the fact that we have to provide protection for certain individuals in society. There are VIPs that the police must protect. There are major businessmen, employers of labor, and individuals who have thousands of Nigerians in their organizations. These individuals deserve protection,” he said.

Egbetokun further explained that when determining who qualifies for police protection, authorities consider the person’s status and contributions to the economy.

“If something happens to them, you can imagine the impact it will have on their businesses and the effect it will have on unemployment rates in our country. We assess their position in society and their contribution to the economy when determining whether they need police protection,” he said.

He also addressed concerns about police officers being assigned to individuals who do not require security, revealing that some officers were improperly attached. “Some of these policemen you see attached to people who don’t deserve police protection were not formally deployed by the police authority. Some of them were picked off the streets. We are already addressing this issue. Recently, I issued a directive that any policeman found in such situations will be traced to their origin, and their commander or supervisor will be held accountable. We are confident that with the measures we have taken, such incidents will reduce,” Egbetokun explained.

On the issue of police escorts being misused, the IG warned that action would be taken if individuals were found to be abusing their privileges.

“It is important to note that sometimes individuals apply for escorts. We investigate to confirm they deserve them and provide the necessary security. However, if those individuals misuse their escorts, we immediately withdraw them. There are cases where those entitled to police escorts misuse them, and we take action accordingly,” he said.

In relation to the minors recently arrested, Egbetokun clarified that they were not detained for participating in the #EndBadGovernance protests, as some had claimed. Instead, they were arrested for engaging in criminal acts, including looting and destroying public infrastructure.

“I don’t want to make any categorical statements on this issue after the intervention of Mr President. I want to thank Mr President for his fatherly intervention in granting those children a pardon. However, I want to correct the impression that the minors were arrested for participating in the End Bad Governance protest. That is a false narrative,” Egbetokun said.

“The police did not arrest anyone for participating in the End Bad Governance protest. We arrested criminals who took advantage of the protest to destroy public infrastructure, private businesses, and commit arson. These individuals cannot be considered protesters. The police did not arrest any protesters,” he added, emphasizing that those involved in looting and destruction were not engaged in peaceful protest but in criminal behavior.

“It’s a mischievous narrative to claim that the 76 suspects who were arraigned in court were people who participated in the End Bad Governance protest. We have said time and again that protesting is a right of citizens. However, these individuals were caught on video looting businesses, destroying private and public property, and committing crimes. You cannot expect the police to turn a blind eye and allow this destruction to continue. No society can progress under such circumstances,” Egbetokun concluded.