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Former Governor of Akwa Ibom state Goodswill Akpabio has been arrested by the Economic and Financial Crimes Commission (EFCC) in Abuja tonight.
Akpabio served as the governor of the oil producing state for 8 years with his term ending in May 2015. The EFCC started investigating an alleged theft of N108.1billion of Akwa Ibom funds by Akpabio in June.
Premium Times broke the news and reports;
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 alleged 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.
Akpabio is the current Senate minority leader.