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EFCC Seizes Okowa’s Passport, Grants Him Bail

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The Economic and Financial Crimes Commission has withheld the international passport of the former governor of Delta State, Ifeanyi Okowa.

Okowa was arrested by the anti-graft agency on November 4, 2024, over an alleged diversion of N1.3tn derivation fund.

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The N1.3trn amounted to a 13 per cent derivation fund from the federation account between 2015 and 2023.

He was also accused of failing to render accounts of the funds as well as another N40bn he allegedly claimed he used to acquire shares in UTM Floating Liquefied Natural Gas.

Okowa also allegedly bought shares of N40bn in one of the major banks in the country, representing eight per cent equity to float the offshore LNG.

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According to sources in the commission, Okowa was at the EFCC office in Port Harcourt, Rivers State and was subsequently arrested by officials of the commission.

A source privy to the matter but not permitted to speak with journalists said Okowa had been released since last week Wednesday, after meeting his bail conditions.

The source said one of the conditions was to submit his travel documents with the agency, pending the conclusion of the matter.

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“Okowa is no longer in our custody. He was released last Wednesday after meeting his bail conditions, which include depositing his travel documents with the commission, pending the conclusion of our investigations of the allegations against him.

READ ALSO: N1.3tn Fraud: Okowa Spends Second Night in EFCC Custody

“The sum allegedly is too huge to take risks. And what we have done is not out of place. This is to prevent anyone under investigation from jumping the bail he/she had been granted,” he said.

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Several calls put through to the EFCC’s spokesperson, Dele Oyewale, were not answered.

He was also yet to respond to the message sent to him on the matter as of the time of filing this report.

Speaking on his trial, Okowa described the allegation that he misappropriated N1.3tn oil derivation funds while in office as laughable and totally false.

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Speaking when he received the national leadership of Urhobo Progress Union, led by its President General, Chief Ese Owe, on a solidarity visit at his residence in Asaba, on Tuesday, Okowa said he was not worried by the EFCC invitation.

The former governor, who was speaking publicly on the issue for the first time since his return from honouring the EFCC invitation, said he was confident that he would come out clean.

READ ALSO: Nigeria, Seven Others Begin African-led HIV Vaccine Development

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In a statement signed by his Chief Press Secretary, Olisa Ifejika, the former governor disclosed that the petitioners were driven by mundane political considerations but asserted that he would continue to support Governor Sheriff Oborevwori to deliver on the mandate freely given to him by the Delta people.

“It was a petition written several months ago, but unfortunately, with the politics of our time, some people decided to ensure that Okowa must be invited by the EFCC.

“People are genuinely uncomfortable about Okowa and I was actually invited and I went there by myself and the first thing I saw was that they said I misappropriated N1.3tn. I said, do you know the kind of money you are talking about?

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“To successfully take N1.3tn, it means you have to be taking between N16bn and N20bn every month into your pocket. I don’t even know if the President of this country will be able to do that, not to talk of the governor of Delta State.

“They have forgotten that the first in three years we came into office – 2015, 2016 and 2017 – the money that was coming into the state was not even enough to pay salaries at all.

READ ALSO: Police Arrest Officers Over Murder Of Kwara Varsity Student

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“Some local governments like Ethiope East were owing as much as 15 months salaries and even in the state here, some people were getting half salaries.

“Delta State is the highest salary-paying state in this nation; our salaries grew to the level that salaries and pensions went up to over N11bn in a month.

“There are some states whose total staff strength is less than 18,000, but here in Delta, we have over 56,000 workers,” he said.

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The former governor added, “Workers always received their salaries promptly while we also embarked on all the projects that were done, and nobody thinks about it, especially the projects we did in the riverine areas. But, I know that the people are not happy with those who wrote the petition.”

He said, “Personally, I am not against investigation because the EFCC has to do its job, and I know that I have done everything how it ought to be done.

“For every allegation, they will investigate, and when they have found the truth, they will stop, but for those who sent a wrong communication, it is rather unfortunate.

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READ ALSO: EFCC Arrests Ex-Delta Governor, Okowa Over Alleged Fraud

“I just pray for them because when you allow yourself to be used as a tool when evil starts to come, the impact will be so much, but I pray that God will forgive them.

“I know that by the special grace of God, we have done the things we ought to do to the best of our ability and by the special grace of God, Governor Oborevwori is beginning to do a lot.

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“I believe that by next year, he will do a lot more. So, let me assure you that I will continue to support the UPU and the governor of the state as much as I can because I know that he has a lot to offer this state.”

He commended the UPU for its support to him over the years, saying, “I thank the UPU and the Urhobos because they supported me a lot and they also believe in equity because I always got more votes from them than their sons who contested against me.”

Earlier, the President-General of UPU had said that their visit was to thank the former governor for supporting their son, Oborevwori, to emerge as governor of the state.

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FG Predicts Heavy Rainfall, Flood In Seven States

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The Federal Ministry of Environment on Saturday predicted possible flooding in seven states and 25 locations across Nigeria.

The ministry, in its flood alert warned that heavy rainfall expected between August 23 and 24 could lead to flooding in the listed areas.

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The alert was signed by the Director of the Erosion, Flood and Coastal Zone Management Department, Usman Bokani.

He further directed residents of communities along the flood plain from Jebba to Lokoja to evacuate immediately as the River Niger’s water level continues to rise.

READ ALSO:NiMet Predicts 3-day Thunderstorms, Rains

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Due to the rise in the water level of River Niger, communities on the flood plain from Jebba to Lokoja are advised to evacuate,” he said.

The states and communities expected to be affected include Benue State (Abinsi, Agyo, Gbajimba, Gogo, Makurdi, Mbapa, Otobi, Otukpo, Udoma, Ukpiam); Borno State (Briyel, Dikwa, MaiduKamba; Gombe State (Bajoga, Dogon Ruwa, Gombe, Nafada); Kebbi State (Gwandu, Jega, Kamba); Nasarawa State (Agima, Keana, Keffi, Odogbo, Rukubi); Niger State (Lapai); and Yobe State (Gashua, Gasma, Potiskum).

On Friday, the National Emergency Management Agency urged residents in high-risk flood plains to evacuate to safer and higher grounds.

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READ ALSO:Again, NiMet Predicts Three-day Thunderstorms, Rain From Saturday

The states at high risk according to the agency are Kebbi, Niger, Kwara states that share borders with Benin Republic.

This was disclosed in a press statement signed by the agency’s Head of Press Unit, Manzo Ezekiel.

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The Director General of NEMA, Mrs. Zubaida Umar, also directed all NEMA offices covering communities along the River Niger to intensify advocacy and mobilization for flood preparedness following alerts of rising water levels in the upstream of the river in the Republic of Benin.

READ ALSO:NiMet Predicts 3-day Rains, Thunderstorms Across Nigeria From Sunday

In an urgent directive conveyed to the operations offices, Mrs. Zubaida Umar instructed them to sensitize communities to remain vigilant and advise residents in high-risk flood plains to evacuate to safer, higher grounds, especially those in Kebbi, Niger and Kwara states that share borders with Benin Republic.

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“She further urged the State Governments of the identified high-risk areas to support their Emergency Management Agencies (SEMAs) and Local Emergency Management Committees (LEMCs) in activating contingency plans and preparedness measures to mitigate the potential impact of this year’s flooding.

“The Director General reaffirmed NEMA’s commitment to ensuring coordinated actions to safeguard lives and livelihoods along the River Niger,” the statement noted.

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‘Court Of Corruption’ — Obasanjo Knocks INEC Chairman, Judiciary In New Book

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Former President Olusegun Obasanjo has criticised the Nigerian judiciary, saying it has been “deeply compromised” and that corruption among judges has turned courts into “a court of corruption rather than a court of justice.”

In his new book, Nigeria: Past and Future, Obasanjo laments the steady decline of the Nigerian judiciary’s integrity, warning that justice has become commodified in Nigeria.

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“The reputation of the Nigerian judiciary has steadily gone down from the four eras up till today. The rapidity of the precipitous fall, particularly in the Fourth Republic, is lamentable,” Obasanjo wrote.

He expressed concern that the judiciary’s decline poses a significant threat to the nation’s stability.

READ ALSO:EFCC Raids Obasanjo’s Hotel, Arrests Suspected Internet Fraudsters At Pool Party

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Obasanjo recounted an incident where a governor showed him six duplex buildings belonging to a judge who allegedly acquired them from money made as chairman of election tribunals. This anecdote, he said, illustrates the depth of corruption in the judiciary.

The former president also accused Mahmood Yakubu, INEC chairman, of undermining the electoral process since 2015.

“No wonder politicians do not put much confidence in an election which the INEC of Professor Mahmood Yakubu polluted and grossly undermined to make a charade,” he said.

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Obasanjo further alleged that politicians believe the outcome of election disputes depends on the will of tribunal judges, court of appeal judges, and supreme court judges.

READ ALSO:Obasanjo Blames Loss Of Values For Democracy’s Failure In Africa

No matter what the will of the people may be, the Chairman of INEC since after the 2015 election had made his will greater and more important than the will of the people,” he added.

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Moreover, Obasanjo directly accused the late former President Muhammadu Buhari of colluding with the judiciary during his election cases.

Buhari threw caution to the wind, no matter what had transpired between him and the judges who did his bidding. In his election cases, financially, he topped it up with appointments for them no matter their age and their ranks,” Obasanjo alleged.

The former president concluded that the current state of the judiciary and electoral system in Nigeria is alarming, saying, “After a false declaration of results, making losers winners and winners losers, the victim of the cheating is advised to go to court, which is a court of corruption rather than a court of justice.“

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Sanwo-Olu Unveils Leather Hub, Eyes 10,000 Jobs

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Lagos State Governor, Sanwo-Olu, on Saturday inaugurated a state-of-the-art leather processing and manufacturing hub in Mushin, projected to create 10,000 direct jobs and generate over $250 million in annual export turnover when fully operational.

In a press release sent to PUNCH Online, the governor said the facility was formally inaugurated on Saturday by the First Lady, Senator Oluremi Tinubu, during her three-day official visit to Lagos.

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He added that the hub was named in her honour to recognise her grassroots initiatives in social investment and economic empowerment, with 70 per cent of its employment slots reserved for women and youths.

The hub is equipped with modern machinery to support Nano, Micro, Small, and Medium Enterprises (NMSMEs), enabling mass production of shoes, bags, belts, packaging materials, and other leather products.

READ ALSO:I Will Snub Gov Sanwo-Olu Again – Mr Macaroni

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It is designed to ease production bottlenecks, scale operations, and position Lagos as the leather logistics capital of West Africa.

Speaking at the inauguration, Tinubu described the hub as a “trailblazing project” aligned with President Bola Tinubu’s Renewed Hope Agenda to diversify Nigeria’s economy through industrialisation, manufacturing, and innovation.

The Lagos State Leather Hub in Mushin, formally commissioned by the First Lady of Nigeria, Senator Oluremi Tinubu, on Saturday, 23 August 2025.
Leatherwork is a traditional craft that has stood the test of time. This facility will empower artisans, scale up leather goods production, and enable them to compete confidently in both local and international markets,” she said, urging entrepreneurs to dedicate themselves to excellence and continuous learning.

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Sanwo-Olu said the project would provide training and start-up support to over 150,000 artisans, boost the local economy, attract investments, and strengthen trade links with fashion districts, e-commerce platforms, and future rail services.

READ ALSO:Sanwo-Olu Unveils Bus Terminal, Slashes Red Line Fares By 30%

“Hides and skins that once left our shores unprocessed will now be transformed here in Lagos into world-class footwear, garments, and accessories proudly stamped ‘Made in Lagos, Made in Nigeria’,” the governor said.

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He pledged to expand the facility through transparent regulation and continuous infrastructure upgrades, adding: “True dividends of democracy are best felt when they reach the cobbler in Mushin, the tanner in Oko-Oba, and the young fashion designer in Yaba.”

Commissioner for Wealth Creation and Employment, Akinyemi Ajigbotafe, said the hub would lower production costs and raise quality standards, positioning Lagos-made leather products for dominance in both local and export markets.

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