EFCC arrests Akpabio over N10 million oil scam

The Economic and Financial Crimes Commission had arrested the cousin of former Akwa-Ibom governor, Goodwill Akpabio, Mr
According to information by EFCC, the suspect was arrested in Rivers State over charges of N10,000,000 oil scam.

"EFCC ARRESTS AKPABIO'S COUSIN FOR N10MILLION SCAM. Operatives of the EFCC have arrested Ibanga Ime Akpabio, cousin to the former Akwa Ibom Governor, Godswill Akpabio for his involvement in a N10, 000,000.00( Ten Million Naira)  oil scam. He was arrested in Port Harcourt, Rivers State.
Akpabio's arrest was occasioned by an allegation that he collected a sum of N10,000,000.00 from a potential investor in petroleum products. Specifically, Akpabio reportedly approached the investor to invest the money as equity in the purchase of petroleum product directly from a floating station belonging to the Nigerian National Petroleum Corporation, NNPC. He allegedly assured the inventor that he had secured all necessary approvals for the running of the business.
He allegedly collected the money through a Diamond Account being operated by Fastej Enterprises and neither neither kept faith with the business arrangements with the investor nor returned his money to him. He is urgently undergoing interrogation in the Port Harcourt's Zonal office of the EFCC.

Magu Disowns Akpabio.

"The attention of the Economic and Financial Crimes Commission has been drawn to a recorded audio conversation attached to a report with the caption, EFCC Detains Brother of Former Akwa Ibom State Governor Ibanga Akpabio, which appeared today, November 2, 2016 on the online news portal, Sahara reporters allegedly featuring two Akwa Ibom politicians, Ibanga Akpabio and a certain Osong.
In the said audio recording, a voice purporting to be Akpabio could be heard dropping the names of some security chiefs including the acting Chairman of the Commission, Ibrahim Magu and boasting about the supposed EFCC boss’ willingness to help deal with his purported political adversaries in Akwa Ibom state, especially a certain Robinson Uwak.
The Commission wishes to state that the claims in this tape especially as it affects Mr. Magu are patently false. The EFCC boss has never met Ibanga Akpabio all his life and could not have been party to any violent scheme to settle unknown political scores in Akwa Ibom State. Indeed, if Magu were Akpabio’s Man-Friday as he would have his ‘friend’ believe, he would not today be a suspect answering to charges of fraud before the Commission.
Members of the public are therefore enjoined to disregard the recorded conversation as plain braggadocio."

It's fun to comment and share. Drop yours!


  1. In India also there was Surgical Strike on the Black Money by the PM Narendra Modi, All Indians are Happy.


Post a comment

What do you think about this? Drop a comment