Trending News: Burial programme begins for Late Pa. Fafoluyi as wake keep, night of tribute holds in ErinjeAiyetoro; rising threat of the scolding sea.APC UNITY TESTED AS SHETTIMA WARNS ASPIRANTS AGAINST POST-PRIMARY DIVISIONS.N1bn Ransom Demand Sparks Security Alert After Ekiti Church Abduction.Tension Rises Ahead of Polls as Threat Over ADC Ballot Sparks Security Concerns.Call to Delay Primaries Sparks Debate on Credible 2027 Elections.Adeniseun Picks APC Nomination Form for Owo/Ose Reps RaceOlabode Omoyele salutes FG’s resolve on civil servants’ increment in allowancesUS-Based Omosola Alade, siblings, honour late father with pomp and pageantryAdamawa Killings Raise Fresh Fears Over Civilian Safety at Public Gatherings.Consultations or Constraints? Obi Raises Concerns Over Shrinking Democratic Space.SANWO-OLU BACKS HAMZAT: APC SUCCESSION PLAN SIGNALS CONTINUITY IN LAGOS GOVERNANCE.US-Based Omosola Alade, siblings, honour late father with pomp and pageantryMisinformation Fears Rise as NDC Distances Itself from Viral Coalition Claims.Royal Farewell in Ondo: Society Bids Glorious Goodbye to Princess Christianah Betiku in Grand, Emotion-Filled CeremonyPolitical Rhetoric Under Scrutiny as PDP, APC Clash Over Democratic Boundaries.Regional Security Drill Targets Piracy, Oil Theft in Gulf of Guinea.Stray Bullet Tragedy Raises Fresh Safety Concerns Over Urban Security Operations.Olabode congratulates, welcomes new Minister of Finance over assumption of dutyCourt Martial Secrecy Raises Transparency Questions in Alleged Coup Trial.Sanusi Questions Borrowing Strategy, Warns Policy Gaps Could Undermine Reforms.APC Primary Path Emphasised as Adelabu Rejects Endorsement Politics in Oyo Race.Ogun APC Guber Consensus Candidate,Yayi arrives to a warm Red Chamber welcomeUS Allegations, Nigerian Rebuttal Spotlight Global Scrutiny on Security Crisis.Supreme Court Delay Raises Stakes for Party Survival Ahead of 2027 Polls.Toxic Cattle Destroyed as Adamawa Moves to Protect Food Supply.Court Dismissal Highlights Due Process in Electoral Disputes.Fresh COVID-19 Case Tests Nigeria’s Preparedness Systems.Troops Intensify Operations Nationwide to Secure Communities.Adeleke Launches Campaign Council as Governance Meets Election Season.Finance Shake-Up Sparks Fresh Questions on Transparency.Kano Deputy Nomination Puts Spotlight on Governance Continuity.Amb. Jimoh Ibrahim resumes at UN, says insecurity in Nigeria is being addressedOndo APC Consensus political development: Olabode calls for calm2025; year Yorubas became ‘it’Kwara APC Pushes for Judicial Independence Amid Political Tensions.Dormant Funds Used for Government Borrowing Raise Fresh Trust Concerns.Shekarau’s Exit Sparks Debate Over Party Stability in Kano.Benue Rescue Highlights Growing Risks on Key Transport Routes.Revenue Debate Deepens as FG Rejects ‘Hidden Spending’ Claims.I am more comfortable with Orisa worship- Wole SoyinkaOmoyele Olabode mourns Ayeniyi’s demiseBadagry Raid Exposes Trafficking Network as 28 Victims Rescued.Ibadan Traditional Council Moves to Calm Tensions, Urges Neutrality.2027 Race Heats Up as Amaechi Frames Leadership Bid Around Policy Direction.Budget of Scale, Burden of Expectations: Nigerians Watch for Real Impact.Pressure Mounts on Defence Leadership as Coalition Demands Review.PDP Rebuild Effort Shifts Focus to Winning Strategy Ahead of 2027.OSOPADEC adopts participatory approach for 2026 budget, highlights projectsGrace Abebi Adeniseun forward for responsive service, representationCampus Safety Under Scrutiny as UNILAG Rape Trial Unfolds.Online Religious Clashes Raise Fears for National Unity.Zamfara Offensive Raises Fresh Concerns Over Civilian Safety.APC Confidence in Northern Strongholds Sparks Debate on Electoral Balance.New Tax Push: Tinubu Ties Revenue Reforms to Public Trust and Accountability.2027 Race: Opposition Alliance Talks Signal Shifting Political Calculations.Airstrike Fallout: Military Stance Raises Questions Over Civilian Protection.Akoko Youths Demand Inclusion, Warn of Growing Political Imbalance.Families Feel the Strain as Hardship, Insecurity Deepen Nationwide.Omoyele condemns rise in insecurity, charges communities to assist security agencies with details.Hannah Spencer, the Green Party MP representing Manchester, on Sunday stormed Wolverhampton to boost the party’s campaign ahead of the May 7 local elections.Ibadan Palace Moves to Calm Tensions Amid Removal Allegation.Airstrike Tragedy Sparks Fresh Warnings Over Civilian Exposure in Conflict Zones.Opposition Push Gains Momentum as ADC Targets Youth Mobilisation.FG Moves to Tighten Citizenship Rules, Orders Passport Withdrawal.Calls Mount for INEC Boss Exit as Activists Demand Electoral Accountability.Ondo Chief Judge, CP Lawal advocate more awareness for Multi-Door Court Operations, as CJ okays Center in OreAiyedatiwa, 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.
Fri. May 1st, 2026
Trending News: Burial programme begins for Late Pa. Fafoluyi as wake keep, night of tribute holds in ErinjeAiyetoro; rising threat of the scolding sea.APC UNITY TESTED AS SHETTIMA WARNS ASPIRANTS AGAINST POST-PRIMARY DIVISIONS.N1bn Ransom Demand Sparks Security Alert After Ekiti Church Abduction.Tension Rises Ahead of Polls as Threat Over ADC Ballot Sparks Security Concerns.Call to Delay Primaries Sparks Debate on Credible 2027 Elections.Adeniseun Picks APC Nomination Form for Owo/Ose Reps RaceOlabode Omoyele salutes FG’s resolve on civil servants’ increment in allowancesUS-Based Omosola Alade, siblings, honour late father with pomp and pageantryAdamawa Killings Raise Fresh Fears Over Civilian Safety at Public Gatherings.Consultations or Constraints? Obi Raises Concerns Over Shrinking Democratic Space.SANWO-OLU BACKS HAMZAT: APC SUCCESSION PLAN SIGNALS CONTINUITY IN LAGOS GOVERNANCE.US-Based Omosola Alade, siblings, honour late father with pomp and pageantryMisinformation Fears Rise as NDC Distances Itself from Viral Coalition Claims.Royal Farewell in Ondo: Society Bids Glorious Goodbye to Princess Christianah Betiku in Grand, Emotion-Filled CeremonyPolitical Rhetoric Under Scrutiny as PDP, APC Clash Over Democratic Boundaries.Regional Security Drill Targets Piracy, Oil Theft in Gulf of Guinea.Stray Bullet Tragedy Raises Fresh Safety Concerns Over Urban Security Operations.Olabode congratulates, welcomes new Minister of Finance over assumption of dutyCourt Martial Secrecy Raises Transparency Questions in Alleged Coup Trial.Sanusi Questions Borrowing Strategy, Warns Policy Gaps Could Undermine Reforms.APC Primary Path Emphasised as Adelabu Rejects Endorsement Politics in Oyo Race.Ogun APC Guber Consensus Candidate,Yayi arrives to a warm Red Chamber welcomeUS Allegations, Nigerian Rebuttal Spotlight Global Scrutiny on Security Crisis.Supreme Court Delay Raises Stakes for Party Survival Ahead of 2027 Polls.Toxic Cattle Destroyed as Adamawa Moves to Protect Food Supply.Court Dismissal Highlights Due Process in Electoral Disputes.Fresh COVID-19 Case Tests Nigeria’s Preparedness Systems.Troops Intensify Operations Nationwide to Secure Communities.Adeleke Launches Campaign Council as Governance Meets Election Season.Finance Shake-Up Sparks Fresh Questions on Transparency.Kano Deputy Nomination Puts Spotlight on Governance Continuity.Amb. Jimoh Ibrahim resumes at UN, says insecurity in Nigeria is being addressedOndo APC Consensus political development: Olabode calls for calm2025; year Yorubas became ‘it’Kwara APC Pushes for Judicial Independence Amid Political Tensions.Dormant Funds Used for Government Borrowing Raise Fresh Trust Concerns.Shekarau’s Exit Sparks Debate Over Party Stability in Kano.Benue Rescue Highlights Growing Risks on Key Transport Routes.Revenue Debate Deepens as FG Rejects ‘Hidden Spending’ Claims.I am more comfortable with Orisa worship- Wole SoyinkaOmoyele Olabode mourns Ayeniyi’s demiseBadagry Raid Exposes Trafficking Network as 28 Victims Rescued.Ibadan Traditional Council Moves to Calm Tensions, Urges Neutrality.2027 Race Heats Up as Amaechi Frames Leadership Bid Around Policy Direction.Budget of Scale, Burden of Expectations: Nigerians Watch for Real Impact.Pressure Mounts on Defence Leadership as Coalition Demands Review.PDP Rebuild Effort Shifts Focus to Winning Strategy Ahead of 2027.OSOPADEC adopts participatory approach for 2026 budget, highlights projectsGrace Abebi Adeniseun forward for responsive service, representationCampus Safety Under Scrutiny as UNILAG Rape Trial Unfolds.Online Religious Clashes Raise Fears for National Unity.Zamfara Offensive Raises Fresh Concerns Over Civilian Safety.APC Confidence in Northern Strongholds Sparks Debate on Electoral Balance.New Tax Push: Tinubu Ties Revenue Reforms to Public Trust and Accountability.2027 Race: Opposition Alliance Talks Signal Shifting Political Calculations.Airstrike Fallout: Military Stance Raises Questions Over Civilian Protection.Akoko Youths Demand Inclusion, Warn of Growing Political Imbalance.Families Feel the Strain as Hardship, Insecurity Deepen Nationwide.Omoyele condemns rise in insecurity, charges communities to assist security agencies with details.Hannah Spencer, the Green Party MP representing Manchester, on Sunday stormed Wolverhampton to boost the party’s campaign ahead of the May 7 local elections.Ibadan Palace Moves to Calm Tensions Amid Removal Allegation.Airstrike Tragedy Sparks Fresh Warnings Over Civilian Exposure in Conflict Zones.Opposition Push Gains Momentum as ADC Targets Youth Mobilisation.FG Moves to Tighten Citizenship Rules, Orders Passport Withdrawal.Calls Mount for INEC Boss Exit as Activists Demand Electoral Accountability.Ondo Chief Judge, CP Lawal advocate more awareness for Multi-Door Court Operations, as CJ okays Center in OreAiyedatiwa, 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.
Fri. May 1st, 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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