{"id":116078,"date":"2025-01-23T05:37:55","date_gmt":"2025-01-23T04:37:55","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=116078"},"modified":"2025-01-23T05:37:55","modified_gmt":"2025-01-23T04:37:55","slug":"alleged-n1-5trn-fraud-group-urges-efcc-to-investigate-ex-akwa-ibom-governor-wife-bought-580000-property-in-u-s","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/alleged-n1-5trn-fraud-group-urges-efcc-to-investigate-ex-akwa-ibom-governor-wife-bought-580000-property-in-u-s\/","title":{"rendered":"Alleged N1.5trn fraud: Group urges EFCC to investigate ex-Akwa Ibom governor; wife \u2018bought $580,000 property in U.S.\u2019"},"content":{"rendered":"
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Network Against Corruption and Trafficking Initiative (NACAT) has urged the Economic and Financial Crimes Commission (EFCC) to investigate former governor of Akwa Ibom State, Udom Emmanuel, over alleged misappropriation of state funds.<\/div>\n
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\nThe group, which made the call in a petition to the EFCC against the former governor on Tuesday in Abuja, accused him of diverting over N1.5 trillion state funds.<\/p>\n

The petition was signed by its Executive Director, Investigation, Fejiro Tega; Operation Manager, Stanley Ugabe; and Michael Ekpo; with Victor Thompson for Akwa Ibomites.<\/p>\n

\u201cAs a leading anti-corruption group in Nigeria, we will be failing in our duties and responsibilities if we turn a blind eye to the wanton corruption and embezzlement of public funds orchestrated by former Gov. Udom Emmanuel.<\/p>\n

\u201cWe have painstakingly investigated and audited many of the financial records of the state available to us and detailed our findings here as part of our petition.<\/p>\n

\u201cThe diversion of funds and primitive massive acquisition of properties by Udom and his family members, has left the residents and indigenes of the state wondering why the EFCC has not invited him for questioning and prosecution,\u201d the group wrote.<\/p>\n

NACAT noted that, in spite of the over N3 trillion that came into the Akwa Ibom State coffers under the eight years tenure of Udom, a staggering sum of N700 billion could not be accounted for.<\/p>\n

\u201cThe former governor yet left a debt profile of over N500 billion and unpaid ongoing projects worth over N300 billion, with abandoned projects littered all over the state,\u201d it stated.<\/p>\n

NACAT said that the former governor, through his cronies, allegedly awarded contracts to companies owned by his allies through which funds were siphoned from the state\u2019s coffers.<\/p>\n

It alleged that Emmanuel diverted the state\u2019s funds through security votes, which were never given to the security agents that it was meant for.<\/p>\n

According to the group, over N4.5 billion was withdrawn and claimed to be given to security agencies in a space of six months, while over N10 billion was spent in 2018 alone, as security votes.<\/p>\n

The anti-corruption organisation accused the former governor of spending over N100 billion to build 31 industries that never saw the light of the day.<\/p>\n

\u201cThe 31 industries, which gulped over N100 billion have not been built till now beyond the four he did that died after their commissioning.<\/p>\n

\u201cThe only completed and standard projects he completed are his houses in Ikoyi, worth over N3 billion, as well as his new house undergoing construction that is built entirely with concrete and no blocks.<\/p>\n

\u201cGreenwell Technologies Limited which was claimed to be a PPP actually had 100 per cent ownership by Akwa Ibom with N650 million paid by Udom in 2016 to kickstart the fertilizer company,\u201d it further alleged.<\/p>\n

NACAT also claimed that the state government was paying the Office of the National Security Adviser (ONSA) N1.5 billion yearly, ostensibly for supply of raw materials.<\/p>\n

\u201cUdom diverted all the billions made by the fertilizer company to a shell company in the U.S., named Greenwell Technologies LLC.<\/p>\n

\u201cHe claimed that they were to supply raw materials, whereas it was ONSA that supplied raw materials and were already paid for.<\/p>\n

\u201cWe also have cause to believe that Udom is a major shareholder of Globus Bank,\u201d it further alleged.<\/p>\n

\u201cMajority of the state government\u2019s accounts are now with Globus Bank right from when it was floated under his tenure in Akwa Ibom State and till now\u201d, the group added.<\/p>\n

It also claimed that New Dawn Microfinance Bank in Uyo is owned by the former governor\u2019s allies.<\/p>\n

NACAT also alleged that the former governor used people as fronts to perpetrate such, adding that the microfinance bank was a money laundering bank used to warehouse money for him.<\/p>\n

It said that the former governor also used his wife to buy a property worth $580,000 in the U.S. located at\u00a03939 Manor House, Drive, Charlotte, NC 28270<\/a>.<\/p>\n

Speaking with newsmen earlier, Mr Light Shedrack, Director of Compliance NACAT, said the group decided to officially send a petition to the EFCC chairman and would be ready to stand as witness in due course if called upon.<\/p>\n

When contacted, the EFCC Spokesperson, Dele Oyewale, confirmed that the petition was submitted to the commission by the group on Wednesday.<\/p>\n

However, Mr Stephen Abia, the media aide to the former governor, dismissed the allegation, describing it as baseless.<\/p>\n

He said the petition was the handiwork of the enemies of the former governor, stressing that records were on ground to proof the achievements of his boss during his tenure.<\/p>\n

Abia, who emphasised that the allegation did not hold water, said his principal ruled the state with utmost transparency and observed due process in all his dealings as governor.<\/p>\n

According to him, most of the allegations were frivolous and unfounded.<\/p>\n

The media aide, while describing the petition as a \u201ctrash, which should not be reckoned with\u201d, said those who wrote it had no good record, and were known for their notorious activities.<\/p><\/div>\n<\/div>\n<\/div>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Network Against Corruption and Trafficking Initiative (NACAT) has urged the Economic and Financial Crimes Commission (EFCC) to investigate former governor of Akwa Ibom State, Udom Emmanuel, over alleged misappropriation of…<\/p>\n","protected":false},"author":1,"featured_media":97486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5,11],"tags":[],"class_list":["post-116078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-pointblanknews-investigations"],"yoast_head":"\nAlleged N1.5trn fraud: Group urges EFCC to investigate ex-Akwa Ibom governor; wife \u2018bought $580,000 property in U.S.\u2019 - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/alleged-n1-5trn-fraud-group-urges-efcc-to-investigate-ex-akwa-ibom-governor-wife-bought-580000-property-in-u-s\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alleged N1.5trn fraud: Group urges EFCC to investigate ex-Akwa Ibom governor; 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