The Economic and Financial Crimes Commission has arrested Ibanga Akpabio, a cousin to former Governor Godswill Akpabio of Akwa Ibom State for his alleged involvement in a N10m oil scam.

The EFCC said on its official Facebook page that the suspect was arrested on Tuesday in Port Harcourt, Rivers State.
Akpabio’s arrest was occasioned by an allegation that he collected the N10m from a potential investor in petroleum products.

The commission added, “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. He allegedly assured the inventor that he had secured all necessary approvals for the running of the business.

“Akpabio allegedly collected the money through a Diamond Bank account being operated by Fastej Enterprises and neither kept faith with the business arrangements with the investor nor returned his money to him.”

It was learnt that the suspect is urgently undergoing interrogation in the Port Harcourt zonal office of the EFCC.

Source: http://nignews.com.ng/efcc-arrests-akpabios-cousin-for-n10m-scam/

Kill him

When are they arresting his mother?

Mttcheeew..... Useless commission

They will soon collect N1m and let him go

N10m, I think this Commission is seriously sick, when will they arrest APC man that purchased grass for N270m

Before you know it the Abuja Office of EFCC will increase that money to say N500m recovered during his arrest.

This is becoming a nuisance. When somebody collected N500m from MTN and another spent N270m to cut grass while the IDPs starved to death.