Udom Emmanuel Caught On EFCC Web Over Alleged N700bn Fraud

Chisom ChukwuMarch 4, 2025218

Udom Emmanuel

EFCC pins former Governor Udom Emmanuel over N700bn fraud.
The former governor was held by EFCC as N31 trillion transaction was traced to an account bearing “office of the governor”.
About N700 billion debt profile has been traced to him.

The immediate past Governor of Akwa Ibom State, Udom Gabriel Emmanuel who served the public between 2015 and 2023 has been arrested by EFCC today.

After arriving at the Economic Financial and Crimes Commission (EFCC) office in the afternoon around 12:30 pm, Udom Emmanuel was caught on the web after he was unable to clear the questions posed to him by the commission.

He is currently being detained by operatives of the EFCC today due to alleged N700 billion fraud.

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Daily Report Nigeria gathered that Udom was invited by the anti-graft agency at the EFCC’s corporate headquarters in Abuja to answer allegations of money laundering, diversion of funds, and stealing.On reaching the Abuja Headquarters to honour the call of the Federal Commission, Udom was arrested and detained.

A source who pledged anonymity disclosed that a civil society organization called the Network Against Corruption and Trafficking(NACT) wrote a petition to EFCC, urging them to investigate the financial dealings of former governor Udom Emmanuel.

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The petition alleged that former governor Udom Emmanuel received N3 trillion from the Federal treasury in eight years but he left behind an unpaid debt of N500 billion and uncompleted projects debt worth about N300 billion.

Upon investigations, EFCC discovered a withdrawal of N31 billion in cash from a single account bearing “Office of the Governor” between 2019 and 2023.