The Economic and Financial Crimes Commission has begun investigation into alleged theft of N108.1billion of Akwa Ibom funds by former Governor Godswill Akpabio.
The action followed a petition forwarded to the commission by an Abuja-based lawyer and activist, Leo Ekpenyong.
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.
Investigations by PREMIUM TIMES showed that several other indigenes of the state who have demanded the investigation of the former governor, have been invited by the EFCC to adopt their petitions.
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.
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