Okowa owns 13 companies and diverted Delta money in premium bank—Edwin Clarke

Elderstateman, Chief Edwin Clark has taken a swipe over former Delta State Governor, Ifeanyi Okowa for allegedly owing 13 private companies and diverting Delta State 13% derivation fund into Premium Bank.

Chief Clark alleged that Okowa Owns Premium Bank, an allegation that was denied by Okowa last year.

Chief Clark revealed this during an interview with Arise News. He added that one Emefiele who hails from Okowa’s village is the managing director if Premium Bank while Okowa’s brother, Monday Okowa, who was at Zenith Bank before works at Okowa’s bank.

He further alleged that most of the money meant for the Niger Delta people was pocketed by Okowa for his selfish establishment.

He further revealed that he wrote two letters to Okowa to question him on how he spent their money.

According to him,
“Every oil-producing state has been paid, and the one paid to Delta came to one trillion, seven hundred and sixty something billion naira from 2007 to June 2015.

In February alone, we received about 700,000 billion, and the balance was paid to Okowa because oil was coming very easily and because prices were high. So what he was paid was one trillion. So instead of paying the 50 percent provided by his own law, DESOPADECK Law, Section 14, which makes it automatic that money must be given to them, he now held the 13 percent and used the entire money in dishing out instalments and approving every contract the DESOPADECK wanted.

And I’d like you to give me an account. So I wrote him a second letter, which I already gave to the EFCC, saying that we cannot be cheated.

Some governors are now wealthier than their states.

He got a bank, and today, most of our money has been paid to that two-year-old bank. The name of the bank is something like premium bank

The managing director is Emefiele, from the same village as Okowa. Okowa’s brother, Monday Okowa, who was at Zenith Bank before, is there. And this man has 13 companies.”