{"id":274277,"date":"2023-06-15T05:51:53","date_gmt":"2023-06-15T04:51:53","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=274277"},"modified":"2023-06-15T05:52:50","modified_gmt":"2023-06-15T04:52:50","slug":"edwin-clarks-writes-efcc-seeks-okowas-probe-over-misappropriation-of-n1-7-trn","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2023\/06\/15\/edwin-clarks-writes-efcc-seeks-okowas-probe-over-misappropriation-of-n1-7-trn\/","title":{"rendered":"Edwin Clarks writes EFCC, seeks Okowa’s probe over misappropriation of N1.7 trn"},"content":{"rendered":"

Edwin Clark<\/a>, convener of the Pan-Niger Delta Forum (PANDEF), has accused the immediate past governor of Delta state, Ifeanyi Okowa, of misappropriating the state\u2019s derivative fund amounting to N1.760 trillion.<\/p>\n

The elder stateman alleged that Okowa set up Premium Bank and used it to lodge all the derivation funds.<\/p>\n

Clark disclosed that he had written to the Economic and Financial Crimes Commission (EFCC) over the malfeasance. <\/p>\n

Clark made the disclosure in an interview on Wednesday, noting that the former governor \u201cautocratically mismanaged the funds\u201d.<\/p>\n

He added that Okowa ignored the Delta state oil producing areas development commission (DESOPADEC).<\/p>\n

DESOPADEC is an interventionist agency established to manage a 13 percent oil derivation fund to drive infrastructural development of the oil-producing communities in the state.<\/p>\n

\u201cOkowa said he had been spending the money. Their answer was that they spent N5 billion on paying pensioners. How does that come under 13 percent?\u201d Clark asked.<\/p>\n

\u201cAnd they also spent the money building a university in Okowa\u2019s village. I mentioned in the letter [to the EFCC] that Okowa has 13 companies. I told him he put the 13 percent (derivation funds) into these 13 companies and let him deny it.<\/p>\n

\u201cThe one paid to Delta state came to N1.767 trillion. Instead of paying 50 percent (of the N1.760 trillion) to the DESOPADEC as provided by the law, which is automatic, he now held the 13 percent fund \u2014 the entire money, dishing out instalmentally and approving every contract the DESOPADEC had awarded.<\/p>\n

\u201cSo, Okowa has embezzled our money. It\u2019s not even accounted for in his annual budget.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Edwin Clark, convener of the Pan-Niger Delta Forum (PANDEF), has accused the immediate past governor of Delta state, Ifeanyi Okowa, of misappropriating the state\u2019s derivative fund amounting to N1.760 trillion. The elder stateman alleged that Okowa set up Premium Bank and used it to lodge all the derivation funds. Clark disclosed that he had written […]<\/p>\n","protected":false},"author":39,"featured_media":122580,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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