EFCC begins probe of ex-Governor Akpabio over alleged N108.1bn fraud

Godswill Akpabio

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.

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.

“Between January –December 2014, it is on record that the trio of Godswill Akpabio, Mr. Etekamba Umoren and Mr. Udo Isobara, made illegal but substantial withdrawals of cash from a designated state government-owned account with Zenith Bank with account number: 1010375881 amounting to N22.1 billion,” he stated in the petition.

“It is worthy of note that reasons for such ungodly cash withdrawals against financial regulations and due process laws range between sundry use and unjustifiable expenditures by Godswill Akpabio and his numerous surrogates and proxies.

“For example, a whopping N18 billion was withdrawn fraudulently from the state FAAC account with the United Bank for Africa in trenches of N10 million and above by Mr. Isobara in a surreptitious manner to conceal their dishonest intention.”

For assisting Mr. Akpabio retire billions of the stolen funds, Mr. Ekpenyong said Mr. Umoren was rewarded with an appointment as Government House chief of staff and now secretary to the state government under Udom Emmanuel’s administration.

The legal practitioner went on to state that over N50 billion of Akwa Ibom funds were spent by the former governor during the last general elections.

During the period under review, he said Mr. Akpabio also withdrew a whopping N18 billion from the state coffers under the guise of special services, reception of very important guests and sundry items.

“The cumulative aggregate of these monies stolen by Godswill Akpabio from the coffers of government as pocket money is the annual budget of some states in Nigeria put together,” the petition reads.

He listed the bouquet of assets acquired by the former governor through surrogates to include a multi-billion naira mansion at 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.

“As earlier promised, more details of assets and graft-related funds illegally and fraudulently siphoned from Akwa Ibom State treasury and laundered to foreign destinations are in the offing. As usual, we will do the needful.
An EFCC source said senior officials of the commission held discussions with Mr. Ekpenyong on the petition on Tuesday.

“He also adopted the petition he forwarded to the commission and provided additional details about the alleged stealing of funds by the former governor,” the source said.

The source noted that many of those who have sent petitions to the commission against the former governor, now senator, have already been invited to adopt their document.

He confirmed that very soon the commission would invite the former governor for questioning.

Allegations, complete falsehood

Mr. Akpabio could not be reached for this story. Messrs Umoren and Isobara could not also be reached for comments.
But the commissioner of information during the administration of Mr. Akpabio, Aniekan Umana, described the contents of the petition by Mr. Ekpenyong as falsehood taken too far.

He said the petition betrays a lack of understanding of the workings of government.

“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. More so, when one understands that there are checks and balances which guide all aspects of government financial administration,” he said.

He also said the allegation that the State Government spent N50 billion on the March General Elections falls flat on its face based on his explanations of the workings of government as regards financial transactions.

“There was no such provision in the budget of this year and such an amount could not have been paid as an extra-budgetary expenditure and yet salaries and other commitments were met. We challenge the petitioners to provide proof to support this wild allegation. Who was it paid to? How was it paid? Where was it paid? And when was it paid?
“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.

He also denied the state received over N2 trillion as oil allocation.

“Please do note that the idea that the Akwa Ibom State Government received over N2.5 trillion in the eight years of the Akpabio administration is an outrageous lie. What this suggests is that the State Government received an average of N26 billion monthly for the period. What a lie! From published accounts of disbursement from the Federation Accounts, Akwa Ibom State never received up to N26 billion in any month throughout the period.
Note that in some months like the April and May, 2015, Akwa Ibom State received about N8 billion only.”


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  • MilitaryPolice01

    Please PMB ensure EFCC pursues this case to a logical conclusion,this man Akpabio stole the state beyond 100 billion,even his personal assistants and etc have become billionaires and this is no joke.Please use this man and his cohorts as an example

  • Godfrey Etokebe

    I HAVE NEVER THIS NATURE OF STUPIDITY BEFORE. If EFCC pursue this case, based on what that is written here, then, EFCC are JOBLESS People. Meaning, they lack better hings to take care of.

    • Nwa _ Africa

      Because he is not Tinubu or Obj, that made him a saint in your eyes?

    • Wähala

      You are so st*pid you forgot that bank withdrawals have dates and amounts… Mumu!

  • Guguru

    There will be more top PDP members that will be prosecuted. Jonathan, still seething from his political failures will reveal names of many PDP members he bribed. The list of top PDP members who will arraigned on charges of corruption will amaze everyone when the time comes.

  • Saydo Shan

    This is what Dr Kingsley Ozumba Mbadiwe, the man of timber and calibre calls “the beginning of the beginning”.

  • Nedling

    Building expensive mansions in Abuja and Lagos, the most developed cities in Nigeria, while forgetting to build in his Akwa Ibom state. Soon you will give account of your stewardship while in power.

    • citizen56

      Sir those two places have no developed cities; not one. Developed cities have free, passable roadways and highways. You have illegal roadblocks in these two places: that does not show developed cities. It is, however, two backward places. If you train young Nigerians beginning now, in the next 100 years, they may rebuild developed cities in Nigeria. You just have to google things and have the basic or substantive knowledge before you brand them. Nigeria has no city at all; it has primitive places for what you call towns and cities. Does Nigeria have the money to build towns, and cities? Indeed it does have a lot of money except that past leaders were too low and backward, unfit to lead because they lacked integrity and ethics not to mention patriotism.

      • Nedling

        I hear you.

  • Ogedegbe Martins

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  • tycoon

    Distraction! Distraction!! Distraction! !! Story! Story!! Story!!! Clueless! Clueless! ! Clueless!!!. Time is ticking,…WIPE OUT INSURGENCY (BOKO HARAM)…ONE DOLLAR =ONE NAIRA….ONE LITRE OF PETROL = ONE NAIRA….. NIGERIA = ELDORADO…… POWER TO BE UNINTERUPTED and the list goes on….please remember ypur promise, do your magic

    • ThankGodJonahIsGone

      Deri Orbuka, have you finished your festivities with Ogogoro and dog meat? The next thing is to write your will then go and hug a transformer. Buhari has come to stay… While GEJ is smouldering in the dustbin of history

      • Burbank

        His transformer in his village was stolen by the PDP.

  • Dee

    EFCC should start with Tinubu, then Amaechi, n a host of other corrupt politician, before it touches d uncommon transformation governor

    • Burbank

      dee
      If proof are there, EFCC will start with anyone.
      But hearsay is not proof. I heard Elvis was a Nigerian citizen when he stole $5bn and then disappeared.

  • Spoken word

    Akpabio should be in jail and not in the senate.

  • AntiCorruCrusaders

    NIGERIA ELECTED THE GODFATHER OF CORRUPTION: CLOWN BUHARI

    Clown Buhari is the godfather of CORRUPTION in Nigeria.

    Only DUMBOS know what Clown Buhari represents and still tag him an anti-corruption agent.

    For the records, Clown Buhari was one of 12 men who HACKED Nigeria’s political structure to skew it for Fulanis.

    Clown Buhari seized government to stop the probe of missing $2.8 billion when he was petroleum minister in 1970s.

    Clown Buhari served under Abacha, arguably, the most corrupt of all.

    Clown Buhari supported directly or indirectly the activity of Sharia by which non-Muslims are harassed, maimed and killed in northern Nigeria.

    Were it not for the Clown Buhari people’s SLAVES, YORUBAS, no sane Nigerian would ever vote GODFATHER OF CORRUPTION and expect him to stop corruption.

    TEST OF CLOWN Buhari’s Anti-Corruption Claims:

    1. If Clown Buhari wants to prove he is an anti-corruption, let Clown Buhari implement the National Conference resolutions or convoke a new one to enable Nigerians determine how hey want to b governed.

    2. If Clown Buhari is not for corruption, let Clown Buhari probe the missing $2.8 billion, Babangida, Obasanjo, Abdusalammi, & Jonathan

    3. If Clown Buhari is not a Godfather of corruption, let Clown Buhari probe all thieving governors starting from Thiefnubu who looted Lagos State taxpayers funds

    • ThankGodJonahIsGone

      Your father is the real pitiful, pathetic, miserable and inconsequential BOZO.

      • Burbank

        thanksgodjonahisgone…gbam”
        anticcorru is still sulking over March 28 result.
        LOL…

    • bashdo

      Your pills are to be taken every 2hrs, when ur disregard it result to what u are doing now. Pls be informed

      • Burbank

        bashdo…gbam
        Lol…but we have to admit that he gave us some light moments in our days.

    • Dan Arewa

      1. National Conference was one of the biggest corruption tactics of former otondo Jonathan. Implementing it is adopting corruption.

      2. Nationally and internationally respected President Buhari will first begin by probing the STOLEN/MISSING $20b and other uncountable stole billions by Jonathan (Goat/Yam) and his co-horts before looking far back at the stolen $2b.

      3. Let the people of Lagos State provide writes petition to EFCC, President Buhari and Inspector General of Police as it happens in the case of Akpabio – Barawo!!

  • Northerner

    Sentence Akpabio now!

    • mohammad

      for what!!! the allegations are not substantiated with any evidence! it is classic “terrorism politics” of smearing your opponents with propaganda and baseless criminal accusations through the media to discredit them… I welcome the probing of all former elected officials in Nigeria as a Norm, especially APC’s beloved Ameachi…

      • nick

        oh Ameachi shld be probe and akpabio shld not be investigated..whn will this selective judgement stop..u are taking side with apkabio….its a shame

        • Burbank

          nick
          It’s called presence of hard evidences – if you have against Amaechi, please present to EFCC.

      • Burbank

        mohamm
        As long as evidences are there, then present it to EFCC – whether he is APC or PDP is irrelevant.

      • Dan Arewa

        Where did you get the name MOHAMMAD? In Islam, we have only MUHAMMAD or MOHAMMED, but, yours is different.

    • Burbank

      Northerner
      EFCC has enough evidences against Akpabio, even his 2008 Mercedes SUV to Farida Waziri.
      Akpabio forgot to bribe Lamorde, or perhaps not enough.

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    GENERAL PUBLIC OF SALES OF CEMENT AT A LOW
    FACTORY PRICE OF #1000. WE SHIP TO ANY PART.
    OF THE COUNTRY UPON THE CUSTOMER(S) ORDER, AND.
    DELIVERED TO YOUR DOOR STEP *PRODUCT: DANGOTE
    CEMENT (50KG)
    *ORIGIN: DANGOTE FACTORY.
    *PRICE PER BAG:1000 NAIRA ONLY.
    *TRAILER LOAD QTY: 600 or 900 BAGS.
    *Total Cost: 600 BAGS X… 1000 NAIRA: d=600,000 NAIRA.
    *DURATION OF DELIVERY AFTER ORDER:2DAYS.
    * TRANSPORTATION COST: DEPENDS ON DISTANCE/YOUR.
    STATE. CONTACT US NOW TO PLACE YOUR ORDER VIA.
    07034845272 OR 08108131004
    NOTE: we deliver our goods to which ever state our.
    customers may reside in stocks, sites or construction.
    company

  • MushinSpeaks

    I doubt if the EFCC can recover the loot in Akpabio’s pocket. His eight years as Governor was a waste. CHANGE is here.

  • Rommel

    What about from July 2011- August 2014,how much was Akwa Ibom state receiving monthly?

  • Truther

    Root cause of all these theft by state governors is that there was no accountability whatsoever during Jonah’s reign. Money was allocated to states and national assembly with no expenditure returns or auditing. Apparently .the people enjoyed it, including present APC members, which was why no one raised an alarm. Even a market trader that sends his boys to go purchase goods knows to ask them to give an account of how they spent the money, and what remains. How is it that a whole federal government doles out billions of naira without asking for returns? They were doing it deliberately, and everyone liked that style. Now everyone, including those that did the stealing, pretends it was all Jonah’s fault. Instead of witching hunting a few governors, why not invite foreign auditing firms to audit from 2011 to date all state government and federal ministry accounts. If it’s not done that way less that one percent of the stolen money will be recovered. Also, why is it that EFCC invites all these thieves for a chat as they call it, and then let them go? It should be once invited, lock that person up until investigation completes.

  • Kitunde

    err….’Uncommon Looting’
    It was inevitable…when you watch this alleged thief flamboyantly boasting about his ‘uncommon transformation’…No serious public servants displays such arrogance especially as it is the peoples’ money you are spending not yours.

  • Burbank

    EFCC must brought up that 2008 Mercedes SUV case that Akpabio bribed Farida Waziri too.
    And may Akpabio rot in Kirikiri until the next Ice Age.

    • citizen56

      Sir, I am pretty sure you meant must bring back, not “must brought back.” That would make sense. The fact is that Akpabio has been brainwashed for a long time along with his colleagues They never thought the world would join hands and change against them (political criminals.) The moment is now; infact that man will be jailed in Geneva mark my words. He committed several political killings, kidnappings, embezzlements, money laundering and other crimes. He has no idea that his electronic footprints are everywhere. When he was caught buying citizenship in one of the Islands, he denied. It is troubling that Nigeria went from being a nation that was respected for its academic ambition to a nation teeming with illiterate people like Akpabio. That’s why he shows no respect for the rule of law. He believes in bribes; he has bribed his way from the local council to Inec down to the High court judges; there is nothing that man has not done in Nigeria. But the doors are about to shut against him stay tuned.

      • Burbank

        citizen56…gbam
        You are right

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  • Amos Uduak

    SENATOR GODSWILL AKPABIO THE EX-GOVERNOR OF AKWA IBOM STATE
    AND THE ECONOMIC AND FINANCIAL CRIME COMMISSION (EFCC) STRUGGLE MAY BE
    POLITICAL. THERE IS NO SIGNIFICANT RELATIONSHIP BETWEEN POLITICS AND
    GOVERNANCE. IF GOVERNMENT WANTS TO ADDRESS ANY FINANCIAL SCANDAL, IT SHOULD
    MAKE EFFORT TO DISTINGUISH BETWEEN POLITICS AND GOVERNANCE. IF GOVERNMENT WANTS
    TO TACKLE CORRUPTION, IT SHOULD BE UNBIASED.

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