(News detectives) The Convener, Pan-Niger Delta Forum (PANDEF), Edwin Clark, has actually implicated previous guv of Delta, Ifeanyi Okowa, of diverting over N1.7 trillion derivation fund suggested for the state. Clark, in an interview on Wednesday, stated the previous guv “autocratically mishandled the funds” suggested for the advancement of Delta state. Remember that the 13 percent derivation fund originates from the federation account to oil-producing neighborhoods through state federal governments as included in line with area 162 (2) of the 1999 Constitution of the Federal Republic of Nigeria (as changed). Clark declared that Okowa has 13 business including that he diverted the 13 percent (derivation funds) into his 13 companies while sidelining the Delta State Oil Producing Areas Development Commission. His words: “The one paid to Delta state pertained to N1.767 trillion. Rather of paying 50 percent (of the N1.760 trillion) to the DESOPADEC as offered by the law, which is automated, he now held the 13 percent fund– the whole cash, dispensing instalmentally and authorizing every agreement the DESOPADEC had actually granted.”So, Okowa has actually embezzled our cash. It’s not even represented in his yearly budget plan.” Clark, nevertheless, revealed that he has actually composed to the Economic and Financial Crimes Commission (EFCC) to examine the matter.
Okowa Diverted 1.7 Trillion State Fund To His Companies– Edwin Clark
