Trending News: Aiyedatiwa, Ooni of Ife, Olanipekun, Oyetibo shine at Okitipupa Bar Law Week Grand finaleOsun Poll Fears Deepen as Lawmakers Question Electoral Changes.Court Weighs Circumstances as Terrorism Trials Highlight Justice Concerns.Power Crisis Pushes FG to Act as Gas Shortages Hit Electricity Supply.Closed-Door Talks Signal Intensifying Coalition Moves Ahead of 2027.Early Endorsement Raises Questions on Succession Politics in Oyo.Birthday greetings: Omoyele congratulates Olusola Oke, Dayo FaduyileCelebrating Prof.Dayo Faduyile, a humble achiever on his birthdayOmoyele Olabode congratulates Femi Agagu on his birthday  Opposition Talks Signal Shifting Alliances Ahead of 2027.Obi Camp Raises Alarm Over Electoral Fairness Ahead of 2027 Poll.Jos Attack Sparks Fresh Questions on Government Response to Insecurity.ADC Raises Alarm Over INEC Stance, Warns of Risks to 2027 Electoral Process.Itsekiri Youths Warn Against Pipeline Contract Decentralisation, Stress Economic Stability in Niger Delta.In support of Wike on his ‘shoot and kill’ voice overProf. Faduyile greets Christians at Easter, urges commitment to selfless servicePolytechnic Rector congratulates staffs, Christians over Easter celebrationFoiled Stream Poisoning Raises Alarm Over Rural Water Safety in Ondo.Banditry Pressure Forces Political Shift as Sokoto Senator Breaks Ranks.INEC Raises Red Flag as ADC Risks Legal Fallout Over Planned Convention.Let us embrace love of Christ at Easter – Omoyele OlabodeLabour Party Maps Out Election Timetable, Signals Shift Toward Structured Internal Democracy.APC stronger, unbeatable – Omoyele OlabodeSchool Acts Swiftly After Viral Assault Video, 11 Students Expelled in Benue.School Gas Scare Triggers Safety Review in Ogun.Night Curfew Disrupts Daily Life in Plateau Community.APC stalwart, Omoyele Olabode tasks Nigerians on gratitude as April begins.Tonto Dikeh’s Testimony Sparks Conversations on Faith and Personal Change.Senate Approves $6bn Loan, Raises Stakes for Nigeria’s Debt Strategy.Mass Defections Rock Reps, Raise Questions on Voter Mandate.Defection Threat Raises Questions Over PDP Stability Ahead of 2027.Kwankwaso Exit Sparks Realignment Talks Across Northern Political Base.ADC Pushes Consensus Model to Cut Rising Election Costs.Palm Sunday: Omoyele Olabode charges Christians to emulate Christ’s commitment.Aiyedatiwa, Poroye Deliver Impactful Leadership as OSOPADEC Flags Off Major Relief, Recovery Drive in IlajeDele Momodu and the President’s menOzoro Festival Incident Triggers Urgent Calls for Stronger Safety Measures.NYSC Death Sparks Fresh Questions Over Corps Member Safety.2027 Lagos Race: Zoning Talks and Power Balance Take Centre Stage.APC Warns of Weak Opposition, Raises Concerns Over Democratic Balance.Uphold the lessons of Ramadan- Dayo FaduyileOmoyele Olabode to Muslim faithfuls: keep all the good virtues of Ramadan.After Maiduguri Blasts, Sultan Pushes Shift to Offensive Security Strategy.UK–Nigeria Deportation Pact Sparks Concerns Over Reintegration Pressure.Nigeria’s Terror Ranking Raises Fresh Security Concerns Across West Africa.Obi Raises Alarm Over 2027, Demands Credible Electoral Process.Omoyele Olabode tasks Nigerians on Peace, says conflict in the Middle East should not escalate in Northern Nigeria.Benin Palace Breach Triggers Sanctions, Signals Tougher Cultural Safeguards.Tinubu’s Resignation Order Targets Fairness Ahead of 2027 Primaries.Sowore Highlights Risks of Separatist Leaders’ Choices Amid Detentions.Bank Records Reveal Complex Fund Flows in Malami Money Laundering Trial.Oyo PDP Faction Signals 2027 Drive With New Leadership.Councillors, City Boys Push Grassroots Campaign Ahead of 2027.Ortom Pushes E-Registration as Benue PDP Moves to Rebuild Ahead of 2027.Fuel Price Rebound Disrupts Depot Operations as Global Oil Tensions Bite.Tinubu Tasks Media to Track How States, LGs Spend Rising Allocations.Police Launch Manhunt Over Killing of FRSC Officer, Daughter in Osun.CHILD PROTECTION: 44-YEAR-OLD TRADER FACES JUSTICE IN LAGOS OVER ALLEGED ABUSE.Ondo PDP Rejects Executive Dissolution, Urges Members to Stay Calm.Omoyele Olabode expresses confidence in Kolawole Babatunde’s emergence as Ondo State APC Chair.Fake NYSC Member Arrested in Abuja Scholarship Scam, NSCDC Warns Schools.Wave of Defections Tests Stability of Opposition in National Assembly.Court Ruling Reshapes Ondo’s 2028 Political Landscape.Bode George Urges PDP Leaders to Put Party Before Personal Power.Our Land Is Not Negotiable”: Ilaje Traditional Rulers, Stakeholders, Affirm Eba Island as Part of Ondo State, Not OgunFaduyile to Iji over Ambassadorial posting : your experience on the job is rich enough.Hon.Omoyele Olabode commends Senator Jimoh Ibrahim over Ambassadorial posting. Prof. Faduyile congratulates Senator Jimoh Ibrahim over UN Ambassadorial posting.Court Ruling Clears Kyari on Asset Case, Drug Trial Still Looms.Defections Stir Debate Over Nigeria’s Multi-Party Democracy.Omoyele Olabode, a young philanthropist on the block.Ondo APC Crisis Sparks Call for Early Conflict Prevention.ADC 2027: Atiku’s Outreach Puts Zoning, Inclusion in Focus.Benue APC Rift Raises Questions Over Party Governance.UI Senate Enforces Academic Rules as 226 Undergraduates Exit System.Court Order Puts Ondo APC Congress on Collision Course With Rule of Law.Edo Moves to Rethink Power Control as Governor Steps Into Electricity Protest.Police Shift Pastor Rape Case to Gender Desk in Bayelsa.Isua Community Demands Action After Youth Leader’s Killing.Presidency Flags Fake Poison Plot as Security Scare Tactic.Igboho’s Faith Claim Ignites National Debate on Belief and Belonging.Police Warn Against Faith Scams After Idanre Arrests.State Police Reform Signals Major Shift in Nigeria’s Security Governance.Church Arson Raises Fresh Security Fears in Cross River Community.Nigeria Police Education Unit: Time for a Digital Overhaul.INEC Puts Collation Under the Microscope, Tightens Internal ControlsNew Police Chief Puts Discipline and Oversight at the Center.Prof. Faduyile felicitates Jimoh Ibrahim on his birthday.OSOPADEC Reaffirms Ondo State’s Jurisdiction Over Eba Island, Calls for Constitutional Resolution of Boundary MattersSustaining the Standard: Why Ondo South Must Preserve Intellectual Excellence in RepresentationWorld Mother Tongue Day: Odu calls for more attention on projecting mother tongueOshiomhole Recounts Isolation After APC Exit.Defection Sparks Unease Among Grassroots SupportersMarket Closure Raises Economic Pressure on Nnewi Traders.Renewed Bandit Attacks Expose Security Gaps in Akure North.Gun Attack Disrupts APC Congress, Raises Safety Concerns.Fake Kidnap Plot Sparks Youth Crime Warning in Delta.Court Ruling Tests Institutional Accountability After Pastor Convicted of Murder.ADC Challenges Electoral Act, Calls for Vigilance Ahead of Upcoming Elections.FCT, Rivers, Kano Polls to Test New Electoral System, Lessons for 2027 General Elections.
Fri. Apr 10th, 2026
Trending News: Aiyedatiwa, Ooni of Ife, Olanipekun, Oyetibo shine at Okitipupa Bar Law Week Grand finaleOsun Poll Fears Deepen as Lawmakers Question Electoral Changes.Court Weighs Circumstances as Terrorism Trials Highlight Justice Concerns.Power Crisis Pushes FG to Act as Gas Shortages Hit Electricity Supply.Closed-Door Talks Signal Intensifying Coalition Moves Ahead of 2027.Early Endorsement Raises Questions on Succession Politics in Oyo.Birthday greetings: Omoyele congratulates Olusola Oke, Dayo FaduyileCelebrating Prof.Dayo Faduyile, a humble achiever on his birthdayOmoyele Olabode congratulates Femi Agagu on his birthday  Opposition Talks Signal Shifting Alliances Ahead of 2027.Obi Camp Raises Alarm Over Electoral Fairness Ahead of 2027 Poll.Jos Attack Sparks Fresh Questions on Government Response to Insecurity.ADC Raises Alarm Over INEC Stance, Warns of Risks to 2027 Electoral Process.Itsekiri Youths Warn Against Pipeline Contract Decentralisation, Stress Economic Stability in Niger Delta.In support of Wike on his ‘shoot and kill’ voice overProf. Faduyile greets Christians at Easter, urges commitment to selfless servicePolytechnic Rector congratulates staffs, Christians over Easter celebrationFoiled Stream Poisoning Raises Alarm Over Rural Water Safety in Ondo.Banditry Pressure Forces Political Shift as Sokoto Senator Breaks Ranks.INEC Raises Red Flag as ADC Risks Legal Fallout Over Planned Convention.Let us embrace love of Christ at Easter – Omoyele OlabodeLabour Party Maps Out Election Timetable, Signals Shift Toward Structured Internal Democracy.APC stronger, unbeatable – Omoyele OlabodeSchool Acts Swiftly After Viral Assault Video, 11 Students Expelled in Benue.School Gas Scare Triggers Safety Review in Ogun.Night Curfew Disrupts Daily Life in Plateau Community.APC stalwart, Omoyele Olabode tasks Nigerians on gratitude as April begins.Tonto Dikeh’s Testimony Sparks Conversations on Faith and Personal Change.Senate Approves $6bn Loan, Raises Stakes for Nigeria’s Debt Strategy.Mass Defections Rock Reps, Raise Questions on Voter Mandate.Defection Threat Raises Questions Over PDP Stability Ahead of 2027.Kwankwaso Exit Sparks Realignment Talks Across Northern Political Base.ADC Pushes Consensus Model to Cut Rising Election Costs.Palm Sunday: Omoyele Olabode charges Christians to emulate Christ’s commitment.Aiyedatiwa, Poroye Deliver Impactful Leadership as OSOPADEC Flags Off Major Relief, Recovery Drive in IlajeDele Momodu and the President’s menOzoro Festival Incident Triggers Urgent Calls for Stronger Safety Measures.NYSC Death Sparks Fresh Questions Over Corps Member Safety.2027 Lagos Race: Zoning Talks and Power Balance Take Centre Stage.APC Warns of Weak Opposition, Raises Concerns Over Democratic Balance.Uphold the lessons of Ramadan- Dayo FaduyileOmoyele Olabode to Muslim faithfuls: keep all the good virtues of Ramadan.After Maiduguri Blasts, Sultan Pushes Shift to Offensive Security Strategy.UK–Nigeria Deportation Pact Sparks Concerns Over Reintegration Pressure.Nigeria’s Terror Ranking Raises Fresh Security Concerns Across West Africa.Obi Raises Alarm Over 2027, Demands Credible Electoral Process.Omoyele Olabode tasks Nigerians on Peace, says conflict in the Middle East should not escalate in Northern Nigeria.Benin Palace Breach Triggers Sanctions, Signals Tougher Cultural Safeguards.Tinubu’s Resignation Order Targets Fairness Ahead of 2027 Primaries.Sowore Highlights Risks of Separatist Leaders’ Choices Amid Detentions.Bank Records Reveal Complex Fund Flows in Malami Money Laundering Trial.Oyo PDP Faction Signals 2027 Drive With New Leadership.Councillors, City Boys Push Grassroots Campaign Ahead of 2027.Ortom Pushes E-Registration as Benue PDP Moves to Rebuild Ahead of 2027.Fuel Price Rebound Disrupts Depot Operations as Global Oil Tensions Bite.Tinubu Tasks Media to Track How States, LGs Spend Rising Allocations.Police Launch Manhunt Over Killing of FRSC Officer, Daughter in Osun.CHILD PROTECTION: 44-YEAR-OLD TRADER FACES JUSTICE IN LAGOS OVER ALLEGED ABUSE.Ondo PDP Rejects Executive Dissolution, Urges Members to Stay Calm.Omoyele Olabode expresses confidence in Kolawole Babatunde’s emergence as Ondo State APC Chair.Fake NYSC Member Arrested in Abuja Scholarship Scam, NSCDC Warns Schools.Wave of Defections Tests Stability of Opposition in National Assembly.Court Ruling Reshapes Ondo’s 2028 Political Landscape.Bode George Urges PDP Leaders to Put Party Before Personal Power.Our Land Is Not Negotiable”: Ilaje Traditional Rulers, Stakeholders, Affirm Eba Island as Part of Ondo State, Not OgunFaduyile to Iji over Ambassadorial posting : your experience on the job is rich enough.Hon.Omoyele Olabode commends Senator Jimoh Ibrahim over Ambassadorial posting. Prof. Faduyile congratulates Senator Jimoh Ibrahim over UN Ambassadorial posting.Court Ruling Clears Kyari on Asset Case, Drug Trial Still Looms.Defections Stir Debate Over Nigeria’s Multi-Party Democracy.Omoyele Olabode, a young philanthropist on the block.Ondo APC Crisis Sparks Call for Early Conflict Prevention.ADC 2027: Atiku’s Outreach Puts Zoning, Inclusion in Focus.Benue APC Rift Raises Questions Over Party Governance.UI Senate Enforces Academic Rules as 226 Undergraduates Exit System.Court Order Puts Ondo APC Congress on Collision Course With Rule of Law.Edo Moves to Rethink Power Control as Governor Steps Into Electricity Protest.Police Shift Pastor Rape Case to Gender Desk in Bayelsa.Isua Community Demands Action After Youth Leader’s Killing.Presidency Flags Fake Poison Plot as Security Scare Tactic.Igboho’s Faith Claim Ignites National Debate on Belief and Belonging.Police Warn Against Faith Scams After Idanre Arrests.State Police Reform Signals Major Shift in Nigeria’s Security Governance.Church Arson Raises Fresh Security Fears in Cross River Community.Nigeria Police Education Unit: Time for a Digital Overhaul.INEC Puts Collation Under the Microscope, Tightens Internal ControlsNew Police Chief Puts Discipline and Oversight at the Center.Prof. Faduyile felicitates Jimoh Ibrahim on his birthday.OSOPADEC Reaffirms Ondo State’s Jurisdiction Over Eba Island, Calls for Constitutional Resolution of Boundary MattersSustaining the Standard: Why Ondo South Must Preserve Intellectual Excellence in RepresentationWorld Mother Tongue Day: Odu calls for more attention on projecting mother tongueOshiomhole Recounts Isolation After APC Exit.Defection Sparks Unease Among Grassroots SupportersMarket Closure Raises Economic Pressure on Nnewi Traders.Renewed Bandit Attacks Expose Security Gaps in Akure North.Gun Attack Disrupts APC Congress, Raises Safety Concerns.Fake Kidnap Plot Sparks Youth Crime Warning in Delta.Court Ruling Tests Institutional Accountability After Pastor Convicted of Murder.ADC Challenges Electoral Act, Calls for Vigilance Ahead of Upcoming Elections.FCT, Rivers, Kano Polls to Test New Electoral System, Lessons for 2027 General Elections.
Fri. Apr 10th, 2026

EFCC nabs Okowa over N1.3trn derivation fund

  • News
  • November 5, 2024
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EFCC nabs Okowa over N1.3trn derivation fund

Tamarauemi Ebimini

Operatives of Economic and Financial Crimes Commission, EFCC, have arrested former Delta State Governor Ifeanyi Okowa over alleged misappropriation of N1.3 trillion from the 13 percent derivation fund between 2015 and 2023.

Okowa was taken into custody, yesterday, in Port Harcourt, Rivers State, when he reported to the EFCC’s Port Harcourt Directorate following an invitation from investigators handling his case.

According to highly placed sources within the EFCC, Okowa is accused of failing to account for the funds, which were allocated from the federation account to benefit oil-producing regions.

The sources also alleged that Okowa diverted N40 billion from public funds, using them to acquire an 8 percent equity stake in a major bank to support the UTM Floating Liquefied Natural Gas project, further raising questions about transparency and the proper use of resources meant for state development.

When contacted, EFCC spokesman, Dele Oyewale confirmed Okowa’s arrest but declined further comments.

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