EFCC Set to Begin Probe Of Godswill Akpabio: Investigates alleged N108.1 Billion Fraud

Following a petition forwarded to the Economic and Financial Crimes Commission by an Abuja based lawyer and activist, Leo Ekpenyong, the commission has now begun investigations into claims that former Governor of Akwa Ibom state Godswill Akpabio was involved in the theft of N108.1 Billion of state funds.
Mr. Ekpenyong had on June 8 petitioned President Muhammadu Buhari and the EFCC, calling for Mr. Akpabio’s probe and accusing him of looting Akwa Ibom state treasury. On his part, Mr. Ekpenyong was summoned on Wednesday, June 17, to adopt his petition and provide more details to some of the allegations he made against Mr. Akpabio.
The former governor, now senator, was elected in 2007, at a time the nation enjoyed robust oil revenue.
Akwa Ibom State and Rivers State are Nigeria’s largest oil-producing states. The two states alternate as first and second top producers periodically.
The two states receive the highest funds allocation from the Federation Accounts Allocation Committee, FAAC, monthly.
Data from the National Bureau of Statistics and the office of the Accountant General of the Federation indicate that under Mr. Akpabio, known for ostentatious spending, Akwa Ibom received a staggering N1. 6 trillion from FAAC between June 2007 and May 2014.
At the time he vacated office on May 29, the state received more, excluding other revenues like Ecological Funds, internally generated revenue etc. In a new petition to the EFCC dated June 22, and copied to Mr. Buhari and the Inspector General of Police, Solomon Arase, Mr. Ekpenyong gave details of some of Mr. Akpabio’s alleged financial recklessness.
He indicated that between January and December 2014, the ex-governor colluded with two of his top aides to steal a whopping N108.1 billion from the state’s treasury.
Mr. Ekpenyong told the EFCC that the former Government House Permanent Secretary, Etekamba Umoren, and the former Accountant General of the state, Udo Isobara, colluded with Mr. Akpabio to steal the funds.
The former governor is also being accused of using state funds to acquire several assets across the country. Some of those listed include Plot 5 Okogosi Spring Close, off Katsina-Ala Crescent, Maitama-Abuja, a multi-billion naira mansionette at Plot 28 Colorado Close, Maitama, Abuja and another multi-billion naira mansion at 22 Probyn Road, Ikoyi, Lagos. Others include a multi-billion naira mansionette at Plot 23 Olusegun Aina Street, Parkview, Lagos and a multi-billion naira 25 storey building at Akin Adesola Street, Victoria Island, Lagos.
Strange, mischievous and untenable
In an interview with Premium Times, Mr.  Aniekan Umana, the former commissioner of information under Akabio’s administation dismissed the claims as being pretentious and false, explaining,
“Every sum withdrawn from a government account is tied to a subhead and there must be a budgetary provision. To attribute fraud to withdrawals, which had the full sanction of Government and was accommodated in the budget is strange, mischievous and untenable.”
The former commissioner also challenged the veracity some of the claim being made
“Senator Akpabio does not own a 25-storey building in Victoria Island or in any part of the world, as alleged by the petitioner. It is also a patent falsehood that the house at 22 Probyn Road, Ikoyi belongs to Senator Akpabio. It is a rented building which ownership can be verified from Lagos State Lands Registry.

“Senator Akpabio does not own the properties mentioned in the petition to belong to him. You can verify the ownership of the properties (5 Okokosi Close, Maitama and Plot 28 Colorado Close, Maitama) from the land registry in Abuja,” he said.